Dems Fundraising Edge Over GOP For House Races Grows

Being in the majority continues to help the Democratic Party stockpile cash for 2008 -- and its advantage over the GOP for the 2008 House races continues to mount.

The Democratic Congressional Campaign Committee -- which raises the party's cash for House races -- just sent us April's fundraising totals. The DCCC now has $9.4 million on hand, while the NRCC has $1.6 million, according to the figures sent our way by the DCCC.

That's a robust $7.7 million cash on hand advantage for the Dems -- up from the $7.3 million advantage the Dems held at the end of the first quarter, which brought Dems a record-breaking haul of $19 million (much of which went to paying off debt).

While the NRCC slightly outraised the DCCC this April -- pulling in $3 million to the Dems' $2.342 million -- these numbers actually contain further bad news for the GOP.

That's because the GOP's fundraising haul for April fell significantly from April of 2005, a clear sign of plummeting GOP morale, while the Dems' tally from the same period edged up. The $3 million raised by the NRCC this April is roughly two-thirds the $4.85 million it raised in April 2005.

Meanwhile, the $2.342 million raised by the Dems this April represents an increase over the $2 million they raised in April 2005.

"By surpassing our goals, we are ensuring that House Democrats will have the resources they need to strengthen our majority," says DCCC spokesperson Doug Thornell.

Key footnote: The Dems are growing their advantage despite the fact that their donors are being squeezed more tightly than ever before by the record-smashing fundraising pace being set by the party's Presidential candidates.


Update: As CQ Politics notes, April's haul for both parties was relatively light compared to the first quarter. That's mainly because cash intake tends to be lower during the first month of each quarter than during the last ones, when both parties push to maximize their takes.


Comments (7)

Spencers Mom wrote on May 21, 2007 2:52 PM:

I contribute, and often, but for the presidential race, I'm waiting for Al Gore to join the candidates.

Al, your country needs you now more than ever. We can wait until after you receive your Nobel Peace Prize, but please don't keep up hanging.

PEACE

jaywrite wrote on May 21, 2007 2:58 PM:

And every candidate will OWE those donors. Folks, we need to OWN our reps and senators instead of allowing them to belong to corp. entities.

We need to institute laws that limit the length of campaigns and have candidates taking money from individuals only via everyone paying a small amount such as $8 to $10 per year.

thirdestate wrote on May 21, 2007 3:09 PM:

Or just implement public financing.

Bearpaw wrote on May 21, 2007 3:09 PM:

Personally, I think we'd all be better off if Gore keeps doing the great work he's doing now, and we keep pressure on all of the current candidates to treat global warming and energy independence as the major issues they are.

MasonMcD wrote on May 21, 2007 3:28 PM:

Absolutely.

Gore for Interior, or EPA!

amike wrote on May 21, 2007 4:14 PM:

Greg notes:

Meanwhile, the $2.342 million raised by the Dems this April represents an increase over the $2 million they raised in April 2005, albeit an insignificant one.

Yup, only $342,000.00 more, in an off year.  Just chump change.

aMike

Greg Sargent wrote on May 21, 2007 4:26 PM:

eh, fair enough, I'll edit

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