RNC Has $10.5 Million Less Than It Did at this Point in 2003
by Jonathan Singer, Sun Oct 21, 2007 at 06:50:39 PM EDT
At the end of a generally unfavorably piece on Howard Dean in The New York Times over the weekend, Jeff Zeleny writes:
The Democratic Party's presidential candidates and its Congressional re-election committees have raised more money than their Republican counterparts. The Democratic National Committee, though, has fallen behind the Republican National Committee. In a disclosure report filed Saturday, the D.N.C. said it had $3.25 million in the bank, compared with $9.71 million heading into the presidential race four years ago.
No doubt this is not the type of comparison folks would like to see made about the Democratic National Committee, underperforming its pace from 2003. But does this comparison paint the entire picture about the financial state of the two parties? Not so much.
At this point in the 2003 cycle, the DNC indeed had $9,712,995.01 in the bank, which is more than the $3,254,172.21 the committee currently has in the bank. The difference is even larger when the DNC's current $2 million debt is taken into account.
That said, the Republicans are even further back from where they were at this point in 2003. Currently the Republican National Committee has $16,543,630.94 in the bank. At the end of September 2003, however, the RNC had $27,097,440.78 in the bank, or about $10.5 million more. Perhaps such a comparison would also be relevant to a discussion of relative fundraising by the two parties' main campaign arms.
An equally important point to take into account, which Zeleny alludes to but not entirely in context, is the fact that the Democratic presidential candidates are simply destroying their Republican adversaries in both fundraising and cash-on-hand. When the Democratic Party has its presumptive nominee and the DNC starts turning to the folks who had maxed out to one, two or more presidential candidates for $25,000 checks -- and you know that folks will oblige when the presumptive nominee asks them to -- there will hardly be enough time to stop and count the money coming in. What's more, the growth in small dollar contributions this cycle on the Democratic side will almost undoubtedly have an effect upon the DNC down the road.
So would it be preferrable if the DNC were to have more money in the bank and more money generally coming in? No doubt. But at the same time, is the party healthy and is talk about the relatively lower amount of money in the DNC's coffers overstated? The answer to both of these questions is yes.









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