In keeping with today’s economic climate, it looks like both the DCCC and the NRCC bought more election than they could afford in 2008, and are now both armpit-deep in debt. (The DCCC is replenishing its coffers more quickly, but it’s also deeper in the hole.)
The Democratic Congressional Campaign Committee will report that it ended January with $2 million in cash on hand and $16 million in debt left over from the 2008 election cycle. The DCCC raised $3.5 million last month and spent $2 million.
Meanwhile, the National Republican Congressional Committee had $1.1 million in the bank on Jan. 31 and reported $6.5 million in debts. The NRCC raised $1.5 million and spent $1.3 million last month.
This has some immediate ramifications, though, because it leaves both parties pretty well tapped when it comes to funding advertising for the NY-20 special election. (Don’t look for the parties to trouble themselves in the IL-05 and CA-32 elections!) So far, both Scott Murphy and Jim Tedisco have hit the airways; however, Tedisco’s ads have been partially funded by the RNC, while Murphy’s ads seem to be on his own dime.
before the RNCC retires its smaller debt. There are more House Democrats to pay dues, and special interest money is easier to raise for the majority party.
It was important for the DCCC to go all out in 2008, but unfortunately too much money was spent late in district we’d already won.
Looks like the DSCC and the NRSC are both in deep debt as well. As with the House committees, the Democrats are much deeper in debt, but are raising more money than the Republicans.
http://www.politico.com/blogs/…
Tedisco may have more name-rec, but this is definitely not something we can’t fix.
Does anyone have the DCCC debt/COH numbers from Jan 2005 (the point when Rahm Emanuel took over) and from Jan. 2007?
The DCCC with a near 80 seat majority is in much better shape to raise many times what the RCCC can raise. I am interested in seeing how much the two National Parties have in their coffers as Obama and the DNC got combined after the convention as did McCain and the RNC. A post on the DSCC and RSCC would also prove interesting.