The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

RNC Trounces DNC in Fundraising as Democrat Party Goes Bankrupt

Posted on | October 20, 2012 | 64 Comments

The official Federal Election Committee reports for September are out, and Debbie Wasserman Schultz’s DNC is a complete wreck. The Democrats ended September with cash on hand of $4.6 million, compared to the Republican National Committee’s $82.6 million.

That’s nearly an 18-to-1 cash advantage for Republicans.

Worse still for the DNC, they had to take out loans to pay the bills so that they owed $20.5 million at the end of September, meaning that that (subtracting cash on hand from total debt) they were $15.9 million in the red — essentially bankrupt. Wasserman-Schultz’s committee only raised $3.7 million in September; at that pace, it would take them more than four months to clear their debt, even if they didn’t spend another dime in the meantime.

Somehow, this seems an apt metaphor for the Obama era.

Now, go back to something I reported at The American Spectator last month when I was in Ohio, and Obama was leading the polls:

DAYTON, Ohio — Reporters circled around Reince Priebus at a campaign rally Monday in Lima and one asked the Republican National Committee chairman what he thought of polls showing Mitt Romney trailing President Obama in this crucial battleground state. Priebus said he was satisfied that the GOP challenger was “within a field goal” of the incumbent, and made a bold prediction: “We’re going to outspend the DNC 10-to-1 [in Ohio] for the next six weeks… We’re going to crush ’em on the ground.”

How many people actually believed that prediction? As incredible as it seemed at the time, Priebus and the RNC appear to be in a position to do exactly that and more. Meanwhile, reacting to reports that the DNC’s vendors are owed millions of dollars by Wasserman-Schultz’s committee — essentially taking I.O.U.’s from the Democrats — Jim Geraghty says:

Attention, vendors: Stop falling for this, make Debbie pay you in cash.

Worst DNC Chairman Ever!

Update (Smitty): welcome, Instapundit and Chockblock.

Update II (Smitty): more linkage at DaTechGuy

Category: Debbie Wasserman-Schultz, Democrats, Election 2012, Reince Priebus, Republicans

Comments

64 Responses to “RNC Trounces DNC in Fundraising as Democrat Party Goes Bankrupt”

  1. Schadenfreudig! « Truth Before Dishonor
    October 21st, 2012 @ 12:43 am

    […] And now we have news about the terrible financial state of the DNC (who refused to help defray the costs of their own convention). From The Other McCain: RNC Trounces DNC in Fundraising as Democrat Party Goes Bankrupt […]

  2. Bob Belvedere
    October 21st, 2012 @ 1:43 am

    NO COMPROMISE

    NO QUARTER

    NO RETREAT

    NO SURRENDER

    WOLVERINES!

  3. freestateyank
    October 21st, 2012 @ 2:39 am

    Highly impressed w/ RNC Chairman Priebus. Quality guy.

  4. Quartermaster
    October 21st, 2012 @ 8:36 am

    John Glenn still owes a ton of money from his campaigns. He whined a lot about the criticism he got for those debts, but he had more than enough money to pay them. He whined that Federal law did not allow him to pay them personally, but several of us told him that if had any integrity he would have paid them himself on general principle that the campaign belonged to him.

    He never paid, because Glenn is just another Dem scumbag.

  5. Vodkapundit » A Bridge Loan to Nowhere
    October 21st, 2012 @ 4:52 pm

    […] 20, 2012 – 8:32 am – by Stephen Green Tweet Two weeks to go, and the DNC is deep in debt, while the RNC has $82 million cash on […]

  6. The Morning Links (10/22/12) | Lady Liberty 1885
    October 22nd, 2012 @ 7:01 am

    […] RNC Trounces DNC in Fundraising as Democrat Party Goes Bankrupt […]

  7. nadadhimmi
    October 22nd, 2012 @ 7:23 am

    Division and hate is all Obama has to run on.

  8. David Pittelli
    October 22nd, 2012 @ 7:48 am

    Reportedly, he finally paid it off in 2007. http://www.npr.org/2011/07/05/137615746/presidential-campaign-debt-can-linger-for-decades

  9. bungopony
    October 22nd, 2012 @ 11:06 am

    …and brazen lies.

  10. bungopony
    October 22nd, 2012 @ 11:11 am

    Butcha see,that’ll make the demoncrats&their msm “court eunechs”(thanks,Mark Steyn)rail against elections being”bought”,and they’ll use it to justify(further) spending&donation limits.Really what they mean is “If we cain’t have yer money,noone cain.”

  11. Rasmussen: Romney Takes Lead in Colorado, Moves To Tie In Iowa | The Lonely Conservative
    October 22nd, 2012 @ 3:44 pm

    […] their own ambitions to include Pennsylvania. And over the weekend, it was reported that the RNC has an 18-to-1 campaign cash advantage over the DNC.If Romney were indeed riding the momentum produced by a decisive “preference […]

  12. real
    October 25th, 2012 @ 10:03 am

    Bankruptcy and hate is the Democrats speciality. I used to do campaign work for them but my brain and conscience got the best of me. Best CHANGE I ever made!

  13. Obama ‘Grinding It Out’ in Ohio : The Other McCain
    October 26th, 2012 @ 11:40 am

    […] next six weeks… We’re going to crush ‘em on the ground.”Given the recent report that the DNC is essentially bankrupt, and that the RNC entered October with an 18-to-1 cash-on-hand advantage over Debbie Wasserman […]

  14. FMJRA 2.0: Dwayne Johnson Tribute Edition : The Other McCain
    October 28th, 2012 @ 10:56 am

    […] Johnson Tribute EditionPosted on | October 28, 2012 | No Comments– compiled by Wombat-sochoRNC Trounces DNC in Fundraising as Democrat Party Goes BankruptChockblockInstapunditDa Tech GuyPreppers’ UniverseBattleground WatchDaily PunditWintery […]