DNC out of cash?

posted at 10:41 am on October 10, 2012 by Ed Morrissey

Does this remind Republicans of anything — say, how the RNC managed to nearly miss a dramatic Republican resurgence through poor cash management in the 2010 midterm elections?  Keep that in mind while reading how poor fundraising and a greedy presidential campaign has left the Democratic National Committee in the red with just two months to go before a national election:

The Democratic National Committee had more debt than cash on hand when the general election started in September, a troubling fact few people have noticed to this point in the campaign.

We already knew that the Republican National Committee had more than 10 times as much cash as the DNC while the party’s were holding their conventions, but a closer look at the DNC’s August report shows it also took out $8 million in loans during that month — which means it had more debt ($11.8 million) than cash on hand ($7.1 million).

Republicans managed to do all right in 2010, although some in the GOP still believe that the haul in both the House and Senate could have been bigger with GOTV help from the RNC.  That didn’t materialize, as the Michael Steele RNC ran out of cash and gas.  Only the intervention of outside groups like American Crossroads rescued the GOP, although the grassroots fervor probably did most of the work itself.

That’s not a winning formula for Democrats, for a couple of reasons.  First, the outside-group advantage is still with Republicans.  Second, voter enthusiasm is already on the side of the GOP, as several polls attest.  The need for fully-funded GOTV efforts is more critical for Democrats as a result, and not just in the presidential campaign.  In order to protect its incumbents in the House and Senate, let alone make gains, the DNC has to build its own structures to organize effectively in those districts.

Team Obama doesn’t have those problems, though — because they’ve been strangling the DNC:

The national party committees, in a presidential election year, do benefit from a joint fundraising committee that raises money both for them and for their presidential candidate. But while Mitt Romney’s joint committee has sent $86 million to the RNC since March, President Obama’s joint committee has sent significantly less — about $35 million — to the DNC, including a total of zero dollars in August.

Much more of Obama’s total fundraising, which is more dependent on small-dollar givers, has gone to his campaign, while Romney’s fundraising, a majority of which comes from big donors, has gone to the RNC. This is because the candidates themselves can only accept up to $5,000 per donor, while party committees can accept just more than $30,000. So while only so much of big-donor money can go to Romney, small-donor money goes almost exclusively to Obama.

That financial reality means the DNC has had to lean much more on its own fundraising, but even there, it has been outraised $176 million to $111 million by the RNC this election cycle — and $94 million to $51 million this calendar year.

This means that the RNC has a real opportunity to beat Democrats in Congressional races this year.  They are better funded, and apparently better organized, than the DNC at that level.  That will have an impact on the presidential race, too, but it’s most likely to be felt down ballot.

That isn’t stopping Romney from taking the offensive and courting Obama voters from 2008, however:

Mitt Romney is putting a new emphasis on visiting counties that voted for President Barack Obama in 2008, as he urges Republicans in swing states to help him push the president’s supporters to switch sides.

The change in tactics comes as last week’s presidential debate, in which Mr. Romney was widely seen as besting the president, has boosted Mr. Romney’s standing in both national and battleground-state polls. A new Gallup survey released Tuesday—its first sounding of likely voters—found that Mr. Romney held a two-point lead among that group, 49% to 47%. …

Until recently, Mr. Romney had been spending a larger share of his time in Republican-leaning areas, working to boost turnout among his party’s core voters. But with the pool of undecided voters now small, Mr. Romney is stepping up efforts to strip Mr. Obama of some of his more tentative supporters.

“I’d like you to go out and find one person who voted for Barack Obama, or maybe two or three or four or five, and convince them to join our team,” Mr. Romney told supporters in Denver recently. “I need you to go out and find people and say, ‘You know what? It’s not working.’ ”

Rich Beeson, Mr. Romney’s political director, said the candidate was spending time campaigning on the president’s turf. “We are playing on their side of the 50-yard line,” he said.

If the two campaigns are evenly matched on cash-on-hand, the DNC’s woes could prove to be an albatross all through the ballot for Democrats. They may not even have enough resources to play an effective defense.  Romney’s testing them out now, and might force them to wipe out all of their remaining resources on their side of the 50-yard line.


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Oh right they say that NOW!!!

Scrumpy on October 10, 2012 at 10:43 AM

I hope the DNC debt runs into TRILLIONS!!!…oh wait…

Scrumpy on October 10, 2012 at 10:44 AM

Third time’s a charm, I am charming lol…

Scrumpy on October 10, 2012 at 10:45 AM

might force them to wipe out all of their remaining resources on their side of the 50-yard line.

*LOL*
I certainly would love to see that.

Ukiah on October 10, 2012 at 10:45 AM

Ok ok, I am forced to claim this: Bishop!!

Scrumpy on October 10, 2012 at 10:45 AM

Wow, lets me see if I have this straight. The Dems have SPENT more money than they HAVE and thus have run up DEFICITS?

In other news, water is wet.

Mo_mac on October 10, 2012 at 10:45 AM

Bummer

gophergirl on October 10, 2012 at 10:46 AM

DNC out of cash…America out of cash…no correlation..

Sincerely,
Mr Big Bird

hillsoftx on October 10, 2012 at 10:46 AM

the photo-too much info about the size of deb’s strap on.. but barry sure seems impressed.

mittens on October 10, 2012 at 10:47 AM

All for Barry , baby!
Sorry congressional Democrats, but your President can just issue executive orders ,so you’re not really necessary.
Suckers.

jjshaka on October 10, 2012 at 10:47 AM

Calling Soros. Caling Mr. George Soros.

fogw on October 10, 2012 at 10:47 AM

Maybe that explains this:

The Obama campaign processed this donation
http://www.humanevents.com/2012/10/09/erickson-the-obama-campaign-processed-this-donation/

Here now is the screenshot of what Barack Obama’s campaign processed as a donation to the campaign. This would not have happened had the Obama campaign taken basic steps to verify credit card information. But, as always, Team Obama relied on someone else to fix their mess — the bank.

Had basic checks been implemented, this donation would have been rejected. Keep in mind that all the information present except the credit card information is completely made up.

Southern by choice22 on October 10, 2012 at 10:48 AM

That financial reality means the DNC has had to lean much more on its own fundraising, but even there, it has been outraised $176 million to $111 million by the RNC this election cycle — and $94 million to $51 million this calendar year.

This is a cover-up!

The DNC is grabbing dollars like crazy with their websites and not using secure methods to raise those dollars…remember?

Oh the scandal…

MAKE IT STOP!!!!

Scrumpy on October 10, 2012 at 10:49 AM

“I’d like you to go out and find one person who voted for Barack Obama, or maybe two or three or four or five, and convince them to join our team,” Mr. Romney told supporters in Denver recently. “I need you to go out and find people and say, ‘You know what? It’s not working.’ ”

That’s not gonna get it done. We need them to get in people’s faces and bring a gun to a knife fight or something.

Doughboy on October 10, 2012 at 10:49 AM

When you spend all your money attacking the opponent, you don’t have any left to defend yourself…. not that they have a defense… maybe they should ask for help… big bird??

kcd on October 10, 2012 at 10:49 AM

Oh Gholly Gee a single tear rolls down my cheek.

bgibbs1000 on October 10, 2012 at 10:49 AM

Step back and look at the big picture – the donkey power brokers have decided to throw the election.

Why?

Because they know that the economy is going to have a hard landing right after the election due to a number of factors which they cannot control. They want Romney in there so that they aren’t blamed for it even though they caused it.

If jugears wins and the economy crashes, the donkey party is finished for a generation or so.

It is that simple. And if an ambassador had to die to further the mission, well that’s called collateral damage.

What can screw up this meme is Romney being so competent he actually prevents a hard landing while fixing the problems. They are praying he is as overrated as they all are, in terms of competence.

platypus on October 10, 2012 at 10:52 AM

outraised $176 million to $111 million by the RNC this election cycle — and $94 million to $51 million this calendar year.

This tells the tale. This cash flow is not coming from people who are going to vote obummer!!

kcd on October 10, 2012 at 10:52 AM

The DNC will pull the plug on Obama, a lot of Obama’s cash is in the hands of bundlers, and they can move that any which way…if the DNC thinks the White House is a loss, they will lean on the bundlers and PACS and shore up the Senate…they know they can’t lose the Senate, the House, and the White House.

I said yesterday, Obama has to show movement in 7-10 days or they pull the plug…it’s down to 6-9 days now.Tomorrow, and Friday after the debate…it may be all over for the White House bid.

The bundlers won’t throw good money out the window, they need to find and support some power base, and most likely the Senate is their best chance…

right2bright on October 10, 2012 at 10:52 AM

OT but a must read:

The Grieving Widow Behind Romney’s Personal Story

Jane Horton began crying on the other end of the phone when she learned that Mitt Romney had been using the story of her husband, Chris Horton, who was killed in Afghanistan, as a part of his stump speech.

“One of the last things my husband said to me before he was killed, when I would ask him, ‘Chris, what do you need over there? What can I send you?’ he said, ‘I need a new president,’” Horton recalled.

Flora Duh on October 10, 2012 at 10:53 AM

Oops.

cheetah2 on October 10, 2012 at 10:53 AM

Oh Gholly Gee a single tear rolls down my cheek.

bgibbs1000 on October 10, 2012 at 10:49 AM

Elizabeth Warren?

Fallon on October 10, 2012 at 10:54 AM

Wow! Thanks for the linky Flora Duh!! Great story!!

Scrumpy on October 10, 2012 at 10:56 AM

We are playing on their side of the 50-yard line

The key to success, both in football and electoral politics.

Remember, today is a good day to make some phone calls…

JohnGalt23 on October 10, 2012 at 10:56 AM

President Obama’s joint committee has sent significantly less — about $35 million — to the DNC, including a total of zero dollars in August.

“It’s all about MEEEEEEEEEE!!!”
/The One

Bitter Clinger on October 10, 2012 at 10:57 AM

Imagine that, progressives unable to balance the books. Guess those payouts did not get returned to the DNC, probably all went straight to Obama.

astonerii on October 10, 2012 at 10:57 AM

Was it the dress for DWS that put them in the red?

besser tot als rot on October 10, 2012 at 10:57 AM

Let’s see, the DNC is out of cash as the Romney Death Star hovers over the White House.

Sounds like a scene from Independence Day.

ICanSeeNovFromMyHouse on October 10, 2012 at 10:57 AM

Quarterback draw! Romney breaks thru a hole on the right side, no defenders in sight—-Touchdown! And it’s a team celebration in the end zone.

Rovin on October 10, 2012 at 10:59 AM

So, Ed, seems you are in a good mood today. Yes I read OOTD. How about doing me and all of us a big favor? Just some light hammer swinging before lunch. The tedious one gumby or pokey. It’s really trashing the threads these days. Pretty please. What do you say? How about it?

Bmore on October 10, 2012 at 11:00 AM

I think it just confirms that Obama is all “me me me”. But it also confirms that Republicans are solidly behind getting rid of Obama and the Democrats. My husband and I have given a lot to Romney this year because we feel like it’s our last shot at getting back our country. Don’t want to wake up on the day after election day and think that we could have done more.

COgirl on October 10, 2012 at 11:07 AM

From the picture, I feel it safe to assume she’s not talking about Ed.

Tomolena1 on October 10, 2012 at 11:07 AM

Was it the dress for DWS that put them in the red?

besser tot als rot on October 10, 2012 at 10:57 AM

And the airbrushing too.

22044 on October 10, 2012 at 11:10 AM

Just in case you missed it:

The Illegal-Donor Loophole
http://www.thedailybeast.com/articles/2012/10/08/the-illegal-donor-loophole.html

The giant gap in our campaign-finance system that makes foreign and fraudulent donations possible. Peter Schweizer and Peter J. Boyer report.

Southern by choice22 on October 10, 2012 at 11:10 AM

Barry blows off the Democrats,
but the Democrats keeping bowing down to and kissing the sandal of the One.

albill on October 10, 2012 at 11:11 AM

but a closer look at the DNC’s August report shows it also took out $8 million in loans during that month

uh….is this $8 million reported as a donation by whoever loaned it?

If not, what keeps any campaign from borrowing billions of dollars from wealthy supporters and then saying “Ooops….we can’t pay you back”.

Who in their right mind would lend money to a political cam….stop. Dumb question.

BobMbx on October 10, 2012 at 11:11 AM

with just two months to go before a national election:

Ed, Are you recycling commentary from a month ago?

meci on October 10, 2012 at 11:14 AM

Chinese and Russian governments to the rescue! There is very little in politics that a few million anonymous $198.23 donations cannot fix.

Archivarix on October 10, 2012 at 11:14 AM

Flora Duh on October 10, 2012 at 10:53 AM

Notice this part?

They first spoke when Romney wrote her a handwritten letter after Chris was killed.

Romney figured out what had happened to her husband and wrote a handwritten letter. Obama can’t even be bothered with letters of condolence for the people he sends in battle. Instead he uses a form letter and autopen (in other words, he doesn’t even see these letters).

We truly need somebody who wants to do the “presidentin’” and not just enjoy the perqs of office.

Happy Nomad on October 10, 2012 at 11:15 AM

platypus on October 10, 2012 at 10:52 AM

Wow! You can’t be serious? If Democrats didn’t really believe in their Keynes, socialist, progressive economic concoction, you might have a point. But they do, and they seriously think more stimulus and government hiring will fix it. It’s the Obama brand, they worry about. If it becomes as toxic after one term as the Bush brand did after two, they might jump ship thinking Romney can’t succeed. However, there’s not much evidence they think Obama (other than his debate performance) is the problem.

cartooner on October 10, 2012 at 11:16 AM

Barry blows off the Democrats,
but the Democrats keeping bowing down to and kissing the sandal of the One.

albill on October 10, 2012 at 11:11 AM

What else can they do? They’re kind of stuck with him for now.

Bitter Clinger on October 10, 2012 at 11:17 AM

And the airbrushing too.

22044 on October 10, 2012 at 11:10 AM

I don’t think that the paint booth for Boeing 747s would prove to be effective for that task.

Happy Nomad on October 10, 2012 at 11:17 AM

I guess the Dems were right.
The Stimulus wasn’t big enough.

Electrongod on October 10, 2012 at 11:18 AM

Chinese tap temporarily turned off whaa?? Must be those many articles reporting the foreign donor fraud in the media…wait, what articles..right…

jimver on October 10, 2012 at 11:18 AM

Why can’t they use some of the $181 Million “donated” to Obama?

fortcoins on October 10, 2012 at 11:18 AM

What else can they do? They’re kind of stuck with him for now.

Bitter Clinger on October 10, 2012 at 11:17 AM

The party is but the glory of a two-party system is that rank-and-file Democrats do have another choice. Not all of them are morons.

Happy Nomad on October 10, 2012 at 11:19 AM

Totally OT! But needs to be read, sorry Ed…

http://news.yahoo.com/pakistani-girl-spoke-against-taliban-shot-wounded-095818763.html

A 14 yr old GIRL shot by the Taliban in Pakistan…

Scrumpy on October 10, 2012 at 11:19 AM

Barry blows off the Democrats,
but the Democrats keeping bowing down to and kissing the sandal of the One.

albill on October 10, 2012 at 11:11 AM

However, when Barry becomes a one-term’er, he won’t be invited back in 2016. He has proven he doesn’t play well with others and that will banish him to the history books.

Carnac on October 10, 2012 at 11:22 AM

A 14 yr old GIRL shot by the Taliban in Pakistan…

Scrumpy on October 10, 2012 at 11:19 AM

was in headlines yesterday

astonerii on October 10, 2012 at 11:23 AM

A 14 yr old GIRL shot by the Taliban in Pakistan…

Scrumpy on October 10, 2012 at 11:19 AM

http://hotair.com/headlines/archives/2012/10/09/taliban-shoots-14-year-old-for-championing-education-for-girls/

astonerii on October 10, 2012 at 11:24 AM

Well why are we surprised. Isn’t that how they ran the country for the last four years?

Sticky Wicket on October 10, 2012 at 11:27 AM

Let’s see, the DNC is out of cash as the Romney Death Star hovers over the White House.

Call me unconvinced, and I hope I am wrong. The DNC and Obama campaign may have purchased all the ad space it needs to go the distance earlier in the year, which would account for their lessened financial position.

Further, I see little evidence of the Death Star or other aerial assault.

I hope I am wrong, but we are 27 days out and I am not seeing any huge RR aerial assault that we’ve been promised for weeks and months. If RR and RNC have the dough, then now is the time to EXPAND the map into new markets (Pittsburgh, Philly, for starters), move the needle, and then DRAIN OBAMA DRY.

Waiting too late can be deadly, because early voting is underway, people get ad fatigue, and we don’t own the Rose Garden.

I would LOVE to hear contrary opinions, b/c I am worried that “Obama being outspent in the final month” is one of the biggest head-fakes of the year.

matthew8787 on October 10, 2012 at 11:27 AM

Perhaps we should all send checks to the DNC for $0.01 as it will cost them more to process them than the net ONE CENT they will be able to deposit…

I’m just sayin’…

Khun Joe on October 10, 2012 at 11:28 AM

Jane Horton began crying on the other end of the phone when she learned that Mitt Romney had been using the story of her husband, Chris Horton, who was killed in Afghanistan, as a part of his stump speech.

“One of the last things my husband said to me before he was killed, when I would ask him, ‘Chris, what do you need over there? What can I send you?’ he said, ‘I need a new president,’” Horton recalled.

Get a TV ad up. PA and Ohio, for starters.

matthew8787 on October 10, 2012 at 11:30 AM

Southern by choice22 on October 10, 2012 at 10:48 AM

Did you notice the comment that says her mother’s $50 donation from 2008 had been deducted EVERY MONTH afterward ???? Holy crapoli !!!!!!!!!!

pambi on October 10, 2012 at 11:33 AM

Remember last month when Romney was out of money?

Projection: it’s how you know what’s up next with the Dems.

Of course, Obama isn’t sharing any of his campaign stash, and other Dem candidates are on their own.

de rigueur on October 10, 2012 at 11:37 AM

Oh come on. Soros and the Saudis are printing up untraceable gift cards as fast as they can.

JEM on October 10, 2012 at 11:42 AM

DNC spending more than it has? Just like their political agenda.

GarandFan on October 10, 2012 at 11:46 AM

DNC out of cash? Oh bummer.

jake49 on October 10, 2012 at 11:48 AM

I would LOVE to hear contrary opinions, b/c I am worried that “Obama being outspent in the final month” is one of the biggest head-fakes of the year.

matthew8787 on October 10, 2012 at 11:27 AM

Well Matthew,

Where do you live? There are no shortage of pro-Romney ads here in Virginia. If you are not in one of the swing states that might be part of the issue.

Happy Nomad on October 10, 2012 at 11:49 AM

If they run their party like the way they govern, then they are in real trouble… makes you wonder if China holds their debt, too?

ajacksonian on October 10, 2012 at 11:51 AM

No prob for Dems Andy Stern has a huge stash in the Members Retirement Fund to loan. Disgusting!

angrycodgr on October 10, 2012 at 12:00 PM

Obviously from the picture little Debbie is having a hard time believing what Obama is telling her.. lol

She does look excited though..

RockyJ. on October 10, 2012 at 12:01 PM

“The difference is that this time you have me”
Wile B. Obama
Economic Super Genius

jukin3 on October 10, 2012 at 12:04 PM

This means that the RNC has a real opportunity to beat Democrats in Congressional races this year. They are better funded, and apparently better organized, than the DNC at that level.

Also note that this is the first election with the newly redrawn congressional disctricts (as a result of the 2010 census and redistricting that follows), and that should be a net positive for Republicans.

ITguy on October 10, 2012 at 12:07 PM

Every time I see this Photo of DWS and Mr. Eye Candy on the stairs lead from Air Force one, I think about this. Hey Barack, Hey Barack! Did you see Bill Clinton’s fingers? They are this long! Valley girl goes to Washington D.C.

jjnco73 on October 10, 2012 at 12:15 PM

Oh come on. Soros and the Saudis are printing up untraceable gift cards as fast as they can.

JEM on October 10, 2012 at 11:42 AM

The cards don’t have to be physically made, that would be a waste. All they get from the credit card companies is a computer file with the numbers and expiration dates. That data is then loaded into the phone bank operator software along with a list of made-up names to use, probably stolen from a US big-city phone book, also available in electronic format.

slickwillie2001 on October 10, 2012 at 12:18 PM

When you spend all your money attacking the opponent, you don’t have any left to defend yourself…. not that they have a defense… maybe they should ask for help… big bird??

kcd on October 10, 2012 at 10:49 AM

What does Obama have to defend? I recall Obama saying if you don’t have a record to run on, then you paint your opponent as someone people should run from. You make a big election about small things.
Or something like that. To paraphrase Krauthammer, he hit the nail on the head when he said the Obama campaign should run that Big Bird ad right up to election eve. This way the DNC will spend all their money on ads and drive home the pettiness of the small president.

timberline on October 10, 2012 at 12:27 PM

…a closer look at the DNC’s August report shows it also took out $8 million in loans during that month — which means it had more debt ($11.8 million) than cash on hand ($7.1 million).

So they run their party the way they run the country. Why should anyone be surprised by this?

woodNfish on October 10, 2012 at 12:32 PM

Obama is not a very sharing person… He knows he needs plenty of that Obama cash to keep a staff for Moochell so as to keep her expanding ass happy in the new Hawaii mansion.

Screw the DNC and the downline dems..

The Obama’s … all class , and it’s all low..

RockyJ. on October 10, 2012 at 12:47 PM

Every time I see that picture I can hear her say “Really, it feels like it’s that long.”.

countrybumpkin on October 10, 2012 at 12:50 PM

Remember that the Senate and House Campaign Committees raise their own funds, National Committees tend to concentrate on the Presidential race except in the off years – and incumbent Presidents have first call on that party money.

But no wonder DNC is broke – you think that Debbie Wasserman-Schultz makeover was CHEAP?

Adjoran on October 10, 2012 at 2:13 PM

A 14 yr old GIRL shot by the Taliban in Pakistan…

Scrumpy on October 10, 2012 at 11:19 AM

in Islam .. females are property …. you do not let your property
shame you …. so you kill it … it is what Islam does …
it will be coming here ….

conservative tarheel on October 10, 2012 at 2:23 PM

DNC still has DWS – every time she opens her mouth it’s MONEY!

Marcola on October 10, 2012 at 2:25 PM

Hey, the DNC can just take a page out of Obama’s book and solicit China for handouts, right?

RebeccaH on October 10, 2012 at 4:13 PM

Was it the dress for DWS that put them in the red?

besser tot als rot on October 10, 2012 at 10:57 AM

…I think it was the surgery and miracle workers giving her that new look…there couldn’t be any money left for anything else.

KOOLAID2 on October 10, 2012 at 5:59 PM

So, Obama gave nothing to the DNC in August? What that says is Obama held no private fundraisers in either July or August. (Most of these events go for $30K a plate.) I find that hard to believe.
Maybe I need to get educated on when the money needs to be divvied up between the two.

djaymick on October 10, 2012 at 6:26 PM

So, Obama gave nothing to the DNC in August? What that says is Obama held no private fundraisers in either July or August. (Most of these events go for $30K a plate.) I find that hard to believe.
Maybe I need to get educated on when the money needs to be divvied up between the two.

djaymick on October 10, 2012 at 6:26 PM

Can’t he also give money to the Senate or House re-election funds?

slickwillie2001 on October 10, 2012 at 6:57 PM