Saturday, June 21, 2008

Shocker: RNC Holds Huge Money Advantage Over Democrats

Go figure. All we've heard is doom and gloom about the GOP's chances this fall and what a cash cow Barack Obama is. But Obama and John McCain basically raised the same amount of money in May and now word comes the GOP holds a massive edge over the DNC.

Hmm. Maybe they have a strategy after all.
Led by chairman Mike Duncan, the Republican National Committee ended May with 13 times more money in the bank than its Democratic counterpart, and raised five times as much money in the same time frame.

As The Times' campaign finance guru Dan Morain points out, the sums are significant as presumptive Republican nominee Sen. John McCain squares off against the far more richly-funded Sen. Barack Obama for the last 136 days of the general election campaign.

Based on the numbers so far, the Republican Party appears poised to act as the financial equalizer in the fall campaign. The RNC disclosed that it ended May with $53.5 million in the bank, compared to $3.9 million for the Democratic National Committee, which is headed by Howard Dean.

Thanks to the continuing popularity and fundraising attraction of President Bush, the RNC continued to vastly out-raise the Democratic party, amassing $24.4 million just in May.

Of that, it raised $7.1 million in small donations of $200 or less, the so-called unitemized receipts. The RNC raised more in small increments than the DNC’s total take in May of $4.8 million.
Looks like Democrat sugar daddy George Soros will have to pump more millions into their coffers.

This also makes Howard Dean look incredibly inept. In a year Democrats are alleged to hold huge advantages, he's been outraised by $50 million?

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