While the GOP is having a terrible time raising money for their House and Senate races, portending further Dem gains in Congress, the Republicans are in fact having huge success in another area.

The Republican National Committee has announced that they have $31 million cash-on-hand at the end of March, money that can be used to assist John McCain as well as down-ballot races this Fall.

Quarterly figures aren't available yet for the DNC, but it's likely they'll be way behind -- at the end of February, they only had $4.8 million on hand, with $250,000 in outstanding debts.

This is essentially a tradeoff that comes with Howard Dean's 50-state strategy -- if the DNC's primary mission is to act as a financial and organizational clearinghouse for state parties and candidates, it ends up not raising very much money for itself. We'll find out in the months to come whether the Republicans can successfully exploit this weakness.

Late Update: A DNC source reminds us that the Dems don't have a nominee yet. When that happens, the DNC is confident that the fundraising will pick up significantly.