Republican Fundraising Looking a Little Better
11:04 AM, May 23, 2008 • By JOHN MCCORMACK
David Saltonstall of the NY Daily News writes that "John McCain is winning the fund-raising battle [against Obama]--when cash from the increasingly rich Republican National Committee is added to his tally." That's true enough: If you look at cash on hand at the end of April, McCain's $24 million plus the RNC's $41 million is more than Obama's $47 million plus the DNC's $4 million.
But what the writer omits is that the RNC will have to pick up the slack where the Republican House and Senate campaign committees have fallen behind their Democratic counterparts. At the end of April, the Democratic House and Senate campaign committees had $45 million and $38 million, respectively, in cash on hand, while the Republican House and Senate committees had $7 million and $19 million, respectively.
As I wrote yesterday--with some fundraising totals only through the end of March--if you look at all of this money as coming from the same pot, then Republicans are trailing Democrats about 2 to 1. With the updated April figures, the Democratic advantage is now only 3 to 2.
Also, it's worth pointing out that the GOP would be closer to matching the Democrats if it weren't for the accounting scandal that has contributed to the NRCC's anemic fundraising. Enthusiasm among Republicans in general might not be as low as many think.