Worst RNC cash flow in a decade

Source: The Hill


Worst RNC cash flow in a decade
By Aaron Blake - 01/06/10 06:00 AM ET

A 2009 spending spree has left the Republican National Committee (RNC) with its worst election-year cash flow this decade.

The largest GOP party committee has $8.7 million in the bank heading into an election year with 37 governors’ races, a dozen major Senate contests, dozens more in the House and an all-important redistricting cycle on the horizon.

Said one RNC official: “It is very troubling, and the thing is, most people don’t understand this. But it is really troubling.”

The RNC had $22.8 million in cash and no debt when Michael Steele was elected chairman at the end of January, but has since seen its cash on hand drop to less than $9 million at the end of November.

Over the previous five months, while governors’ battles were being waged in New Jersey and Virginia, the committee saw its cash reserves drop by a full $15 million. Through November, the committee spent more than $90 million last year, which is nearly $20 million more than the Democratic National Committee (DNC).

Read more: http://thehill.com/homenews/campaign/74507-worst-rnc-cash-flow-in-a-decade

NOT!

:)

He seems to be raking in the cash

their friends in the GOP.

People are fed up with both party's right now.

The Democratic Party has been moving in the right direction for many years now. Even the Ohio party is getting its "act" together.

Our state party is in crisis mode.

They just had one of their best fundraising quarters in years.

I also think disgusted Democrats will be more like me and give to individual candidates they feel respect the views of the majority in this country instead of to a party slush fund to go to candidates like Nelson and Bayh who don't.

Money's tight this year and people are spending a little more wisely.

go figure.

I'm seriously thinking this guy is taking the GOP for a ride. I know many here think he's an idiot, but I think he's conning the cons. He's got a lot of 'pubes going ballistic with his handling of Party finances and every time he opens his mouth, he manages to make the GOP look more idiotic and irrelevant.

So why is he still chairman? I think they can't get rid of him without a hi-profile legal fight. I'm betting he's holding out for a big pay-off and, if they try to shitcan him, he'll sue them for...wait for it....violations of his civil rights. Can you visualize the circus that he could create if he takes them to court? Think of all the dirty, dark secrets just waiting for a little sunlight.

You could really have something here.


Cher

it sure sounds mighty possible.

Who knows...might actually be true.

I love it. Excellent stuff. And you might just be right!!

it doesn't sound all that implausible! I've been wondering out loud for months, how the HELL he holds onto that job! Surely SOMEONE in the GOP can see the sheer lunacy of Steele's "leadership"! He makes the wizard of OZ look right brainy!

Huh.

TlalocW

In the House, 14 GOP incumbents have decided not to seek re-election, while 10 Democratic incumbents have made the same announcement.
In the Senate, six Republican incumbents have decided not to seek re-election, while two Democratic incumbents have made the same announcement. Is this really evidence of a mass Democratic exodus?

Everybody is broke. It is going to hit our party next unless we can get the jobs thing going.

The party that can put people back to work, where they have a little disposable income on hand, will be the party that benefits from contributions. Sad how our politics is money-driven.

How about if we get both candidates for an office roaring drunk and see who does the worst Mel Gibson impression? In vino veritas!

how much of it is because mega-corps see no need to give pots of money to the Republicans anymore?
You can't get much more friendly to them than we are now. A bright spot, I suppose.

go completely BROKE by Nov 2010

:rofl: