Tuesday, October 09, 2007
Democrats Wallowing in Campaign Money
Remember the good old days when Republicans had advantages in work ethic and money?
At least one of those doesn't exist anymore.
Headline from Montana: Baucus Reels in $7.4 Million in Donations
Headline from Colorado: Udall Reports $1M Haul as Poll Shows Tight Race
Then take into account the cash-on-hand with the Democratic Senate Campaign Committee has racked up:
The fundraising lead is substantial: for the Senate, the Democratic committee raised $36.7 million for the first eight months of the year, compared to $20.5 million for the Republicans, and the Democrats had a three-to-one advantage in cash on hand, even though the Republicans must defend 22 seats compared to only 12 for the Democrats. In nearly every House seat that seems likely to be closely contested next year, the Democrats have raised more money than ever before and in most cases more money than their Republican opponents.
The financial advantage reflects not growing popular support for the Democrats, but a shift in the calculations of the financial oligarchy. The Democratic Senate Campaign Committee collected 57 percent of its donations in increments of $20,000 or more, up from 31 percent of contributions four years ago, and substantially more than its Republican counterpart.
Statistics released in August by the Federal Election Commission showed that in the first six months of 2007, Democratic Party committees raised $111.5 million, up 29 percent from the same period in 2005 and a staggering 98 percent from the first half of 2003. The figures for the corresponding Republican committees dropped by one-quarter compared to the first half of 2005.
There's trouble on the horizon for Republicans in Congress. Taking back the Senate is out of the question. Holding on to the 40 seats needed to keep the filibuster alive is now the concern.
At least one of those doesn't exist anymore.
Headline from Montana: Baucus Reels in $7.4 Million in Donations
Headline from Colorado: Udall Reports $1M Haul as Poll Shows Tight Race
Then take into account the cash-on-hand with the Democratic Senate Campaign Committee has racked up:
The fundraising lead is substantial: for the Senate, the Democratic committee raised $36.7 million for the first eight months of the year, compared to $20.5 million for the Republicans, and the Democrats had a three-to-one advantage in cash on hand, even though the Republicans must defend 22 seats compared to only 12 for the Democrats. In nearly every House seat that seems likely to be closely contested next year, the Democrats have raised more money than ever before and in most cases more money than their Republican opponents.
The financial advantage reflects not growing popular support for the Democrats, but a shift in the calculations of the financial oligarchy. The Democratic Senate Campaign Committee collected 57 percent of its donations in increments of $20,000 or more, up from 31 percent of contributions four years ago, and substantially more than its Republican counterpart.
Statistics released in August by the Federal Election Commission showed that in the first six months of 2007, Democratic Party committees raised $111.5 million, up 29 percent from the same period in 2005 and a staggering 98 percent from the first half of 2003. The figures for the corresponding Republican committees dropped by one-quarter compared to the first half of 2005.
There's trouble on the horizon for Republicans in Congress. Taking back the Senate is out of the question. Holding on to the 40 seats needed to keep the filibuster alive is now the concern.
Labels: 2008 Senate Races
Permalink posted by Rob Huddleston @ 12:48 PM 
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Pessimism is a self-fulfilling prophecy. Pundits are always making bold predections. Trouble is, they are all over the place and they directly contradict each other. In 1991, they said that George Bush could not be defeated. After Clinton got elected in 1992, the pundits said that the Democrats had a permanent governing majority. Then, when the Americans took over, pundits wrote that the Republicans had a permanent majority. In 2004, they said that Kerry couldn't lose. Then they said that Bush couldn't lose. On Election Day, they told Kerry he had won. All of these predictions were supported by all kinds of statistics neatly lined up to prove the point. Forget the pundits and just work like it all depends on you. Because it does. And pray like it all depends on God. Because it does.
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