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RNC Retains $50 Million Cash Advantage Over DNC

Here are some new fundraising numbers that complicate the notion that Obama will have an enormous fundraising advantage over McCain this fall: The Republican National Committee now has $50 million more on hand than its Dem counterpart.

The latest FEC filings show that the RNC raised over $24 million in the month of May alone, and has over $53 million cash on hand. By contrast, the DNC raised only $4.8 million, and has just under $4 million cash on hand -- a paltry amount compared to the national GOP's coffers.

This is significant because it reveals just how important Obama's decision to forego public financing really is -- and how much of a risk he's taking by effectively closing down the 527s on his side. Obama will unquestionably retain an enormous head-to-head money advantage over McCain's official campaign committee, but the GOP will almost certainly be able to step in with a parallel apparatus that will be formidable.


Comments (55)

Possibly. I'd wait until we have fundraising numbers for the Dems' first general election month before we start talking apocalypse though.

Any idea what the comparable figures for state parties is? I thought part of Dean's 50 state strategy included a focus on state party fundraising.

Let's get cracking!

https://www.democrats.org/page/contribute?source=NETA805

I was concerned at first by the mcbush numbers and now these. They don't look good on their face. However, you have to figure that obama is raking in the bucks this month and will have a huge month, otherwise he wouldn't have bailed on public financing. He's too smart to make a risky move. He is very, very cautious, which is a good thing.

I read your post about infighting, I think your concerns are dead on especially with the fund raising. Obama faces a big choice in the FISA deal, if he votes against it he hadns a big stick to McCain to take out to the heartland (check the final votes in the house by congressional district. http://www.govtrack.us/congress/vote.xpd?vote=h2008-437). If he votes for it how many of those $20 donors on the far left give up on him?

Your concern, SFC Wallace (aka McCain backer) is duly noted.

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Thank you for your concern. I'm sure "concerned" folk like you will help Obama make up any shortfall.

However, you have to figure that obama is raking in the bucks this month and will have a huge month, otherwise he wouldn't have bailed on public financing.

It's my guess he'll have an unimpressive month. Especially now that he's finding ways to anger voters on the left. He's walking a tightrope.

I very seriously doubt that enough Obama supporters are following the FISA stuff closely enough, and even if they are following it closely, care about it enough, and even if they do care about it enough, chose to express their concerns by reducing their donations, for it to have any impact on Obama's fundraising whatsoever.

I'm in the following and care but not going to impact my donations camp. To quote Rummy, "You go to war with the Army you have, not the Army you wish you had."

Stopping donations to Obama now would be like voting for Nader or cutting off your nose to spite your face.

but the GOP will almost certainly be able to step in with a parallel apparatus that will be formidable

Eric, you are presupposing quite a bit here - for one thing, we don't know if this fund-raising on the part of the GOP is the result of a renewed vigor in the GOP or if it is a bump due to some large donations from donors who intended their donation as ongoing, or a one time deal in response to the Democrats having finally settled on a nominee.

I mean - it's impossible right now to tell if the GOP will maintain this edge.

I'm waiting for OB to ask each of his 1,400,000 donors for $100. I bet he could do that each month. That's $140,000,000 a month.

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I disagree. $100 is a lot to spare each month. Even $50 for some is a lot to spare each month.

Do we know what McCain and Obama have for the GE so far?

I thought I read yesterday that OB had 8 million and McBush 21 thousand.

That's what I thought too. But it seemed too ridiculous to be true.

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Question: now that Obama has opted out of public financing, can he use any primary funds he has left over for the GE?

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We do.

McCain, who will accept the federal matching funds, will have $85 million (and $31 million for the primaries).

Obama, who will not accept the federal matching funds, has around $10 million earmarked for the general election (and $32 million for the primaries).

Huh.

Can I ask a question about the GE? Since McCain is opting in for public financing, that means he can spend up to 88 million? (Or whatever the number is?) Does this mean he cannot collect money from private donors once the convention is over?

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McCain and Obama are still in the primary season.

once the convention is over McCain will get the 80M in public financing. and that is all he can spend.

obama meanwhile can raise and spend all he wants, there are no limitations

the RNC will do what they can to raise money to spend on his behalf.

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What did the DNC have at this point in the cycle last time? It looks like they offended Democratic regulars to the point that they won't contribute to the DNC because of the failure of the DNC to play fair.

Obama is a disaster for the Democratic Party as such -- he moves the Party to the right and away from norms of fair play.

It's on par with what we've seen for the last three years. More of the 'party' money is going to the DSCC and DCCC, both of which hold significant advantages over their Republican counterparts.

But hey, don't let actual facts get in your way of declaring Obama a "disaster for the Democratic Party"!

Here's an article discussing the DNC fundraising problems from back when Clinton was considered inevitable: http://www.nytimes.com/2008/03/07/us/politics/07donate.html?pagewanted=print

You'll see that Obama is not the cause of the DNC's money woes. However, depending on how well his new fundraising plan works, he may yet end up being the solution.

O puhleeeeeeeeeze.

This is the dumbest fucking blather -

Yep - must be time for the general election - here come the Nader trolls.

My absolute favorite trolls.

Actually, this one's a Hillary troll still trying to convince himself that his candidate is relevant.

Well that only goes to show that there isn't a dime's worth of difference between Hillary Trolls and Nader Trolls.


:)

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as of May 31

Obama has 43M on hand McCain has 31M on hand

Obama should have a huge June

Primary or GE?

I don't think those numbers are for the general election.

The Times said for the GE, O has 8 million, McC has 21,000, which, as someone commented above, seems ludicrous.

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primary

the general election doesn't officially start till AFTER the conventions.

and McCain has no money for GE cause he is taking the 80M public money.

if you give obama 4600, then 2300 goes for primary and 2300 goes for general.. that is why Obama has money for GE in the bank already.

Thank you for your answers.

The $21,000 makes sense in light of McCain's decision to accept public financing.

This is why it's important to continue donating... to compensate for the Shrooms 'n' Whippets sect of our party currently wringing their hands over FISA.

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LOL! Nothing wrong with shrooms and whippets :)

LOL! Hey, if you want a candidate that you'll never disagree with... run for office!

Yes and stealing from someone else: Don't ever get married if a politician can disillusion you this much.

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Well, if the small donors don't donate then perhaps we'll have to wait another 4 years for a perfect liberal progressive candidate who will never ever cmpromise ever to do what's right for the greater good. I am more worried that the "low information voters" believe that Obama will be votng against the bill because he has "terrorist ties". That is more frightening than anything. Because people believe whatever they want.

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Lamont- You can't change people's minds once they are made up. Most of those angry with Obama's statement on FISA see a clear opportunity to hold his feet to the fire because Obama opted out of public financing. While I applauded his decision, I wonder if maybe it was a bad decision after all, given what we all have seen in the last few days.

Good point and I've worried over the same thing.

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avatarMM you said
"once the convention is over McCain will get the 80M in public financing. and that is all he can spend."

Can McBane not get RNC dough for GE?

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no.. McCain only has 80M to spend..

but the RNC will be running their own campaign but by law cannot coordinate with him!

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They can spend it on ads that benefit him, but they can't just hand it to him, or directly fund his campaign appearances and such. Also some of their money will go toward supporting seats in congress, which they're going to have to vigorously defend this year.

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Yes - "democratic" doesn't fit the Democratic Party anymore because Obama had to divide the party through corrupt means to "win" the nomination.
http://noquarterusa.net/blog/2008/06/23/the-undemocratic-party-the-new-culture-war-pt-2


Dems have bashed Bush corruption for the ends justifying the means. Now they've done the same.
Obama is tooo much like Bush.

And now - Obama had to sell his soul and become the only candidate since public financing began to reject it.
The only candidate in 30 years to opt to buy an election!

Hey Josey, look up there on the grassy knoll!

The black helicopters are coming to get you!

Don't you neo-LaRouchies ever get tired of posting links to your conspiracy theory blogs? No one ever reads them. It's a waste of your time.

Find the "Whitey Tape" and then you can get back to us.

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Obama IS taking public financing in the form of small contributions from members of the general public. Nothing wrong with that.

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THANKS, HILLARY CLINTON!!! you and your brilliant strategies!!!

While there's great enthusiasm among Democrats to put more Democrats in office, there's not a lot of enthusiasm for the current leadership. Most of us wouldn't piss on Pelosi or Reid if they were on fire, but we'd be happy to if they weren't. The Party clearly has a problem. Maybe if they'd get a few things done...

now i see why obama camp is revamping the DNC and moving all their operations to chicago... its because the DNC cant even raise money on its own, the DNC should be ashamed of themselves

http://sensico.wordpress.com

I would like to know how the two parties compare overall. I suspect the advantage the RNC has over the DNC has a lot to do with how the two parties raise and spend money. I know that the DSCC and DCCC are beating the pants off their Republican counterparts and Obama is expected to crush McCain. How are the state parties doing? Just who has the overall fundraising advantage this cycle. That is an interesting question. Without knowing more the raw fact that the RNC is beating the DNC is not very meaningful.

Thanks for changing the original headline.

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On "Fox News Sunday," Daschle argued that Obama "didn't break his word on this."

Daschle channels Bush-speak and lies again for Obama.

The problem with the DNC is Howard Dean. By and large, Dems don't trust Dean to allocate their resources wisely, so instead they give to the congressional committees and to campaigns directly. You may think that is a zero sum game, but it's not: The DNC is a special entity that can dirctly plow enormous sums of money into the prez campaign, but only if they are flush with cash. Howard Dean is spending way too much time and money on his little empire-building projects and is puting Obama's campaign at risk.

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The Republican party is raising money because it does what its constituents want it to do. The DNC is not raising money because it is betraying its constituents. Even when the Democrats only want the Congress to simply not act, Reid and Pelosi can't even manage that. So impeachement doesn't happen, but telecom immunity and war funding do. Reid folds at the slightest hint of a filibuster and extracts no political pain for the obstructionism. Why would I fund such a betrayal? Progressive candidates running to unseat Republicans get my attention and my money. DNC beg letters go strait to the recycle bin.

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Aren't you forgetting that in May the Dem primaries were still on, and they were a little too busy with the Michigan/Florida drama to be fundraising for the GE?

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All the Republicans can offer is the RNC money. The combined efforts of Bush and McCain. The latter, in fact, urged the PAC contributors to contribute to the RNC, thus completely circumventing the spirit of his own campaign finance reform legislation. Anyway, the GOP has the RNC money, but as has been pointed out, they are running behind the Dems when it comes to the DSCC and DCCC equivalents. The RNC will need to spend a fair amount of its money on its congressional candidates, something Obama won't really have to worry about. And finally, I think the Obama decision is predicated on the understanding that he needs to define himself to the general public before the convention. Hence the need for as much money as he can get from us.

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No surprise to me.The dems in congress for the most part are uninspiring & willing to go along with a 29% approval Prez.
Ought to be a lesson to Obama who wants to butter-up to Bush's BS.

No surprise to me either.

Most Dem's who are not active in the party apparatus are feeling disenfranchised. The party has not represented them, going along with approving conservative judges, allowing Bush to do as he pleases, and in general reinforcing the (mis?)conception that they are also a party of the corporations that is ruled top down instead of bottom up. Two years ago when I asked our town Dem Committee chair who she liked for the primary to challenge the incumbernt Repub US Rep she told me "I don't know, 'they' haven't told us yet."

Republicans are under threat. Remember that the repub MO greatest campaign tactic is fear. And it works best on the dopes who usually vote for them. They're being told they're under threat (they are) so they're responding with cash.


My advice to Obama is get on the stick and get the unregistered and registered but non-voting folks. These are the people turned off by the "system" and that you've so successfully motivated in the primaries. By moving to the middle you're alienating your base and guess what - you're not going to get any substantial numbers of disaffeceted Rebubicans. They're going to swallow hard and vote for McSame just as disaffected Dems are going to swallow hard and vore Obama.


And before you go off with the trolling accusations, I am registered to vote with no party affiliation (here in NH that's "unenrolled" not "independent".) I'll vote for Obama if it's close in my state. Otherwise Nader's the one who advocates for most if not all of what I believe. And, if you'll look at his positions, for what the "Democratic" party "stands for." Or "stood for" when they used to actually stand for something. Whoops, I'm venturing into troll territory there.

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