Worst GOP cash flow in decade blamed on tea baggers and waste

[babsbunny]

Worst GOP cash flow in decade blamed on tea baggers and waste

By Daniel Tencer
Wednesday, January 6th, 2010 -- 2:20 pm

http://rawstory.com/2009/01/gop-2010-races-historically... /

In recent months pollsters have been pointing to softening support for Democrats as a sign that the GOP may make a big comeback in the 2010 elections. But the party's historically poor financial position means it has more of an uphill battle than many political observers realize.

Having spent large amounts of cash winning the New Jersey and Virginia governor's races in 2009, the Republican National Committee ended 2009 with $8.7 million in the bank, down from $22.8 million at the start of 2009, when Michael Steele took over as party chairman. It marks the lowest amount of cash on hand going into an election year in a decade, The Hill reports.