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"Dem Committees Outraise GOP Counterparts by $7.3M in 2 1/2 Wks" - Singer

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greeneyedboy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-28-06 05:14 PM
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"Dem Committees Outraise GOP Counterparts by $7.3M in 2 1/2 Wks" - Singer

Dem Committees Outraise GOP Counterparts by $7.3 Mil in 2 1/2 Weeks
by Jonathan Singer

It looks like more any more people are starting to bet on the Democrats to win one or both chambers of Congress.

According to the parties' latest financial disclosure statements, Democratic Party committees outraised the national GOP committees during the first 18 days of October. Riding a wave of optimism about the party's chances of gaining seats in the House and the Senate in the Nov. 7 midterm elections, the Democrats' national reelection committees collected $25.9 million in the period. The Republican committees raised $18.6 million in the same period.

These figures include many, but not all of the Use It Or Lose It contributions. Taken as a whole, they represent a real indication of strength on the Democratic side this year. And yet...

the Democrats' last-minute fundraising surge was not enough to overcome the GOP's earlier fundraising advantage. The three national Republican Party committees had $17 million more cash on hand than their Democratic counterparts as of Oct. 18, according to this week's financial reports.

I hate to sound like a broken record here, but the fact that the Democratic committees and individual Democratic candidates are at such a large cash-on-hand disadvantage at this late stage in the game threatens to dampen, whether strongly or weakly, the pro-Democratic trend that is currently sweeping the nation. . . .
So if fundraising, alone, cannot make up a significant portion of that $17 million cash-on-hand deficit currently facing Democratic committees, I still wholly believe that the party should consider going further into the red -- whether it is to banks or to cash-heavy incumbents unwilling to make outright donations (couldn't they at least give the party interest-free loans?) -- to help finance campaigns across the country and not worry about repaying the debt until after election day.
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