“In the previous two non-presidential cycles, the RNC carried over $4.8 million and $3.1 million respectively in cash reserve balances into the presidential cycles,” Collins writes, underlining his words for emphasis. “In stark contrast, we enter the 2012 presidential cycle with 100% of the RNC’s $15 million in lines of credit tapped out, and unpaid bills likely to add millions to that debt.”
The short version of the RNC’s 2010 troubles as described by Collins: The committee couldn’t afford to run an independent expenditure ad campaign on behalf of their candidates, didn’t fund a paid voter turnout operation for Senate and gubernatorial races, left its vaunted 72-Hour turnout program effectively unfunded, offered only a fraction of the direct-to-candidate financial contributions they made four years ago and dramatically scaled back its support of state parties…
Collins is not one of the committee’s persistent Steele critics but a respected operative and senior staffer inside the RNC building who was given authority over the $15 million line of credit the party took out this fall.
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