Retiring Dems Hoard $33 Million As Their Party Is in Need

There’s one silver lining for party committees when it comes to retirements: Departing incumbents typically have a bundle of scrilla saved up that they can, if they’re so inclined, donate in bulk to their party’s House and Senate campaign arms. (They can also make normal, FEC-limited donations to other campaigns, or give the money to charity.) With all the retirements on both sides, there’s a lot of money floating out there, so let’s take a look at who’s got the bucks.

First up, the House. We’ve compiled cash-on-hand figures for all members who are not running for re-election or have resigned this cycle, with one exception (more on that below):

We haven’t listed members running for Senate because they can (and generally do) transfer all of their House money over to their Senate campaigns. However, depending on state law, members running for other office (such as governor) may or may not be able to port over their House warchests. Two Dems fall into that category. As you can surmise from the CoH totals, Alabama law permitted Artur Davis to switch his federal money over to his state account.

Neil Abercrombie wasn’t so lucky. He had hoped to do the same, but a state committee barred him from doing so back in August. Abercrombie has managed to whittle his account down by half since then (he has refunded many of his donors’ contributions), but if he’s looking to do his colleagues in the House a solid, he can give the balance to the DCCC.

A special comment must be made here about ex-Rep. Robert Wexler, who announced back in October that he was stepping down from Congress in order to pursue other opportunities. At the end of September, Wexler had nearly a million dollars in the bank. Since then, he went on a $310,000 spending spree, rewarding consultants, pollsters, fundraisers, and other campaign associates with some very generous payments. Wexler did give a handful of donations to some of his former colleagues, but he failed to give a dime to the DCCC. Robert Wexler is shamefully letting his party down by not putting his ample campaign account to productive use at his party’s greatest hour of need. If he doesn’t want this to become a permanent black mark on his record, this attitude needs to change.

That said, let’s not let Rahm Emanuel off the hook, either – he’s hoarding over a million bucks in his dormant House account, no doubt waiting to use that nest egg for an eventual return to elected office. But if Rahm is serious about serving his President’s agenda, he might want to consider cutting a generous check to DCCC. In a year like this, we can’t afford to have guys like Rahm holding back. Does Rahm Emanuel even care about retaining control of the House of Representatives?

House Republicans:

Republicans have slimmer pickings, but that still adds up to nearly $3 million that the NRCC would love to poach out of these idle accounts. Let’s hope these members take after Rahm!

Senate Dems:

Yep – $25.6 million (including Clinton’s presidential account), with the biggest chunk of that coming from Evan Bayh. You’d think that Bayh, after putting his party in a bind with his surprise retirement decision, might feel compelled to share some of his resources to the DSCC, but the man is a notorious miser. Perhaps this time, though, he can be shamed into making a meaningful contribution to the Democratic cause.

Senate Republicans:

While the Republicans have less to work with there, $3.7 million isn’t exactly chump change. The bottom line, though, is that Democrats are facing an incredibly tough election environment, and departing House & Senate Dems are sitting on an enormous $33 million stockpile. They need to help their party now.