HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Republican Committee Make...
Introducing Discussionist: A new forum by the creators of DU

Fri Apr 6, 2012, 04:21 PM

Republican Committee Makes Big Turnaround on Fund-Raising

Source: NY Times

Once teetering on the edge of bankruptcy and irrelevance, the Republican National Committee has raised more than $110 million over the past 15 months and retired more than half its debt, accumulating large cash reserves that could give Mitt Romney a critical boost later this spring as he intensifies his campaign against President Obama.

With the divisive and drawn-out Republican primary season moving toward a close, the committee reported more money in the bank at the start of last month than the Democratic National Committee, which raised about $137 million during the same period but also spent far more.

Party officials said the Republican committee would report more than $30 million in cash on hand in filings due with the Federal Election Commission this month, including a $22 million “presidential trust” that would be available to Mr. Romney should he become the party’s nominee.

The committee’s unexpected turnaround is a case study in how Republicans are chipping away at Mr. Obama’s advantage in traditional fund-raising — and of the rapid evolution of old-fashioned party institutions in the post-Citizens United landscape of “super PACs” and the unlimited money they can raise and spend.

Read more: http://www.nytimes.com/2012/04/06/us/politics/republican-committee-fund-raising-has-big-turnaround.html?pagewanted=all

6 replies, 2176 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply Republican Committee Makes Big Turnaround on Fund-Raising (Original post)
alp227 Apr 2012 OP
bulloney Apr 2012 #1
Iliyah Apr 2012 #2
cosmicone Apr 2012 #3
Semi_subversive Apr 2012 #4
FiveGoodMen Apr 2012 #5
Exultant Democracy Apr 2012 #6

Response to alp227 (Original post)

Fri Apr 6, 2012, 04:25 PM

1. How many donors accounted for that $110 mil? One? Two?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alp227 (Original post)

Fri Apr 6, 2012, 04:28 PM

2. ONE

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alp227 (Original post)

Fri Apr 6, 2012, 04:39 PM

3. Repukes are always awash with money. (yawn) n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alp227 (Original post)

Fri Apr 6, 2012, 06:09 PM

4. Now, they're just morally bankrupt!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Semi_subversive (Reply #4)

Fri Apr 6, 2012, 06:31 PM

5. And emotionally exhausted

Reply to this post

Back to top Alert abuse Link here Permalink


Response to alp227 (Original post)

Sat Apr 7, 2012, 02:22 PM

6. They are willing to donate now that a white man is back in charge.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread