On Verge of 2008, Dems on Remarkably Strong Financial Footing

by Jonathan Singer, Fri Feb 01, 2008 at 09:32:28 AM EST

The big numbers for the Democratic committees continued through the end of 2007, the latest campaign filings sent to the Federal Elections Commission yesterday show:

CommitteeDecember ReceiptsDecember DisbursementsDecember Cash-on-HandDecember Debts & Obligations
DSCC$6,096,669$2,159,687$29,403,292$1,500,000
NRSC$3,124,976$1,483,619$12,076,129$0
DCCC$6,755,924.86$2,335,258.44$35,095,377.89$1,359,823.12
NRCC$6,146,920.91$2,994,080.41$5,478,254.75$2,850,000
DNC$4,301,743.62$4,124,668.97$2,783,730.34$2,230,480.23
RNC$8,733,125.10$7,045,562.74$17,352,467.11$0
Total
Democrats		$17,154,337.48$8,619,614.41$67,282,400.23$5,090,303.35
Total
Republicans		$18,005,022.01$11,523,262.15$34,906,850.86$2,850,000

Overall, the Democratic committees are maintaining a staggering $32.4 million cash-on-hand advantage, or about a 92.7 percent edge over the rival Republican committees. Even when debts and obligations are taken into account, the Democrats still lead by over $30.1 million, or an even higher 94 percent.

Of course it's not all bad news for the Republicans. As has been the case for some time, the Democratic National Committee continues to significantly trail the Republican National Committee, both in terms of fundraising and cash-on-hand. What's more, the National Republican Congressional Committee finally broke into the black in December after having lagged in the red for the first 11 months of the year, with a net $2.6 million in the bank after debts. On the other hand, the Democratic Congressional Campaign Committee does have better than a $31 million advantage over its GOP counterpart when debts and obligations are taken into account, or about 13 times as much money as the NRCC.

One more point: This is the third straight month in which the National Republican Senatorial Committee came in last in terms of fundraising among all the party committees. So much for Republican efforts to get anywhere near financial parity on the Senate side.

And just an addendum... The Democratic presidential candidates continue to crush their Republican rivals in terms of fundraising, too.

Tags: 2008, dccc, DNC, DSCC, Fundraising, House 2008, NRCC, NRSC, RNC, Senate 2008 (all tags)

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4 Comments

Shadow_head_small
Re: fundraising

While the NRCC finally got into the black, the DCCC is taking in more and spending less money, so the gap between them continues to widen... at least until they go after all those districts they're targeting.

And at least this time the DNC raised more than it spent.

Oh, and the DCCC has more cash on hand than the NRSCC, NRCC, and RNC combined. Go figure.

by Nautilator 2008-02-01 09:47AM | 0 recs
Shadow_head_small
Ow, DNC < $560k

After debt the DNC has $553k, that is much worse than what they showed in their December filing. The only bright side of Edwards dropping out, at least none of our candidates will depend on the DNC for cash. But the nominee will have her work cut out for her turning the DNC's fund raising around to fund field.

by souvarine 2008-02-01 10:01AM | 0 recs
Shadow_head_small
Re: Ow, DNC < $560k

Staggering. This means that the DNC is very close to being totally broke.

I guess Howard Dean could always try fundraising in Florida.

by hwc 2008-02-01 11:46AM | 0 recs
Shadow_head_small
Re: On Verge of 2008, Dems on Remarkably Strong Fi

The overall trend continues to look very good in this comparison. However, I think we are all being lulled into a false sense of security if we ignore the real threat of Freedom's Watch. I don't know what will develop there, but we shouldn't think that the standing committee's and the presidential candidates' fundraising tells the whole story.

by anoregonreader 2008-02-01 10:07AM | 0 recs

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