WaPo
DNC faces cash shortfall on eve of election
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).
It’s not unusual for a campaign or campaign committee to take out a line of credit at the end of a close election — Mitt Romney’s campaign took out $20 million in loans to get through the primary season — but the DNC’s cash situation is significantly worse than it has been in recent election years.
Blowback
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Uh, what happened to that $181 million in overseas….errrr, campaign donations? Is Obama hoarding all of it?
Doughboy on October 9, 2012 at 11:28 PM
What happened to DNC raises 181 million in September?
hawkdriver on October 9, 2012 at 11:29 PM
Pretty much. I think it was 6 or 7 months ago when he told Senate and House Dems that they were on their own as far as cash goes?
malclave on October 9, 2012 at 11:30 PM
WTF… just print more right??? just borrow it right??? what y’all gonna do?
Obligatory exit question: Where your dollar at? Where your dollah?
ted c on October 9, 2012 at 11:31 PM
Winners have 1001 dads. Losers are orphans.
Schadenfreude on October 9, 2012 at 11:31 PM
Glad these guys arent in charge of the budget.
lorien1973 on October 9, 2012 at 11:33 PM
Maybe they’re putting it back in the tresury to pay for all of the money we lost with Solyndra et al.
hawkdriver on October 9, 2012 at 11:36 PM
treasury
hawkdriver on October 9, 2012 at 11:36 PM
Americans hate racists. Americans hate something else even worse than racists…..and that’s losers.
ted c on October 9, 2012 at 11:37 PM
Gumbyandpokey’s not doing all this for charity, you know.
Chuck Schick on October 9, 2012 at 11:38 PM
i see that the nrsc is making some noise about Claire…and all the stimulus money that went to her husband’s affordable housing work
MO faces a choice between a lefty crook and todd akin
i think they’ll go with the lefty crook…what a waste…hopefully many heads will roll in the MO gop (yeah, right)
r keller on October 9, 2012 at 11:45 PM
B-b-but they were supposed to have a billion?
John the Libertarian on October 9, 2012 at 11:47 PM
Uh-oh, Barry. As Hugo will tell you, you gotta have money to steal an election.
John the Libertarian on October 9, 2012 at 11:50 PM
I predict an imminent shortage of prepaid Visa cards in China.
trigon on October 10, 2012 at 12:02 AM
Um…didn’t I JUST read about Obozo getting $180 MILLION in ONE MONTH?!?!
KMC1 on October 10, 2012 at 12:03 AM
People are focussing on the $180 million… but that was for the Obama campaign, not the DNC.
Obama’s fine for cash… he’s just not sharing the wealth.
malclave on October 10, 2012 at 12:13 AM
His brother George will attest to that.
KMC1 on October 10, 2012 at 12:36 AM
I think the billion is O’s
private stashpersonal presidential fundraising not the Party’s.andycanuck on October 10, 2012 at 12:51 AM
This is beautiful, and if we play our hand right over the next few cycles this will get better and better.
Fewer incumbents = less cash. That is one huge factor here. We’ve gutted them in the House and state houses all around the country.
Second, we’re strangling the unions. We need to keep stifling their cash flow.
Without the union beast stealing our tax dollars and funneling them back to the Dims, it will become a vicious cycle for them.
Weaker unions, less campaign cash for Dims, fewer Dims in power, weaker unions– rinse and repeat
And it’s nice seeing prominent men like the Kochs and Adelson having the courage to openly support our cause and donate their massive resources in such an important year.
We have the jobs, the success, and the money. We have the guns too.
We should be winning the game like this every year from here on out.
thurman on October 10, 2012 at 1:05 AM
The DNCs pre-september burn rate?
Alberta_Patriot on October 10, 2012 at 3:46 AM
rogerb on October 10, 2012 at 6:54 AM
“Losers always whine about their best. Winners go home and f the prom queen.”
Washington Nearsider on October 10, 2012 at 7:20 AM
It is just plain funny that Obama is not sharing his $s to help the party.
All his yakking about sharing the wealth and paying a fair share and here he is saying “I built that” and I’m keeping it for my own benefit.
A man in full, indeed.
Jabberwock on October 10, 2012 at 7:58 AM
Do they even bother to teach English in journalism school anymore?
/Grammar cop
Odysseus on October 10, 2012 at 8:55 AM