Short of Funds, G.O.P. Recruits the R...

Feedback.pdxradio.com message board: Archives: Politics & other archives: 2007: Oct - Dec. 2007: Short of Funds, G.O.P. Recruits the Rich to Run
Author: Vitalogy
Monday, November 26, 2007 - 12:19 pm
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http://www.nytimes.com/2007/11/26/us/politics/26recruit.html?ref=nyregion

Confronting an enormous fund-raising gap with Democrats, Republican Party officials are aggressively recruiting wealthy candidates who can spend large sums of their own money to finance their Congressional races, party officials say.

Democrats, who have been closely monitoring the Republican millionaires, assert that the recruiting underscores the Republicans’ financial weakness since they lost control of Congress in 2006.

The most recent figures show that the Democratic Congressional Campaign Committee has raised $56.6 million and has $29.2 million at its disposal. By contrast, the National Republican Congressional Committee has raised $40.7 million with a cash balance of $2.5 million.

That is a striking turnabout for the Republicans, who have outraised the Democrats by considerable margins for years. As recently as 2006, the Republican Congressional campaign committee raised $40 million more than its Democratic counterpart, $179.5 million to $139.9 million.

“National Republicans are in disarray, forcing them to recruit inexperienced and unprepared self-funders,” said Doug Thornell, a spokesman for the Democratic Congressional Campaign Committee.

In fact, past elections show that candidates who spend large sums of their own money frequently end up losing. In 2006, for example, only 2 of the 10 candidates who spent the most of their own money on their own races for House seats won the elections, according to an analysis of finance records and election results.

Author: Missing_kskd
Monday, November 26, 2007 - 1:43 pm
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IMHO, smart strategy. They can always funnel more dollars back their way, making it a loan at best.

--that is, if they continue to hold the power to do so.


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