RNC's Financial Picture Even Worse Than It Looks

[babylonsister]

RNC's Financial Picture Even Worse Than It Looks
Christina Bellantoni | August 24, 2010, 2:21PM


As if a bad fundraising report released in the dark of night on Friday wasn't bad enough for the Republican National Committee, a closer look suggests the party's financial picture is worse than it appears.

By the numbers, the RNC brought in $5.5 million in July, compared with $11.5 million for the DNC. But only $4.6 million of the haul actually came from donations -- tucked inside the RNC's July report was a $900,000 insurance payment.

The payment came from Illinois National Insurance, a subsidiary of AIG. But Democrats are exploiting the bigger picture of their own financial health and made sure reporters knew about the insurance settlement and that it came from AIG, which received bailout funds.

The RNC won't reveal the nature of the claim due to confidentiality. A GOP official explained that it's an RNC-specific "payment on an insurance claim" that is not related to class action lawsuits. The official stressed it's "Nothing Wall Street related at all."

more...

http://tpmdc.talkingpointsmemo.com/2010/08/rncs-financial-picture-even-worse-than-it-looks.php

[aquart]

1. But what about the Citizens United money bomb?

Aren't Republicans getting boatloads of corporate "speech"?

[OHdem10]

2. The Corporations have barrels. It is Wall Street and Business

who will back Republicans.

Yesterday, Stuart Varney, Fox News Business Commentator,
came out and said--if there is a Republican Sweep in the
fall elections, things will turn around immediately.
His theory is that all the Uncertainty created by the
Obama Adm and Democrats, will disappear. Business will
no longer be uncertain and will start hiritng etc.

If you believe this, I have a bridge.

However, that is a good piece of propogranda to sell
the unsuspecting and the Obama haters.

Just convince them Obama has created so much uncertainty
that Business is paralyzed. Republicans will be assuring
to business and they will create jobs galore.

[doc03]

3. That may be true about the RNC but according to a

Republican I saw on TV the other night plenty of money is rolling in from some Rove Fund
and several others. Don't forget a corporation is now a person and spend all it wants (it's free speech).

[Loudmxr]

4. The BIG money just wants Michael Steele outa there.

[babylonsister]

5. That's not their only problem; true conservatives are up

in arms about the direction the party is going, and with who.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9011856
* Speechwriter Gerson: Why the Tea Party is toxic for the GOP