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GOP cash woes threaten House bids
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Race
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| Contributor | Monsieur |
| Last Edited | Monsieur Jan 03, 2010 08:02am |
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| Category | General |
| Author | Ben Smith and Josh Kraushaar |
| News Date | Sunday, January 3, 2010 01:00:00 PM UTC0:0 |
| Description | With the Republican Party on the cusp of major gains in the House next year — and with the dream of retaking the House appearing to be a real, if improbable, possibility — one major obstacle remains: tightfisted Republican incumbents.
The National Republican Congressional Committee, the key cog in helping to finance GOP campaigns, has banked less than a third as much money as its Democratic counterpart and is ending the year with barely enough money to fully finance a single House race — no less the dozens that will be in play come 2010.
A big part of the problem, according to Republican strategists, is that GOP members themselves — the ones who stand the most to gain from large-scale House gains — haven’t chipped in accordingly, despite evidence of solid opportunities in at least 40 districts next year and with as many as 80 seats in play, according to the Cook Political Report’s estimates.
The fundraising disparity between the two committees is striking: The DCCC outraised the NRCC this year by more than $18 million, according to FEC figures at the end of November. The NRCC has only $4.3 million left in its campaign account — with more than $2 million in debt — leaving it with just a pittance to fund the dozens of races it hopes to aggressively contest.
The DCCC, meanwhile, is sitting on a $15.3 million nest egg (with $2.6 million owed), steadily expanding its cash-on-hand advantage over Republicans throughout the year. |
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