DNC takes out $10 million loan while RNC has $83 million in bank
American Thinker ^ | 10/20/2012 | Rick Moran
Posted on Saturday, October 20, 2012 4:12:10 PM by SeekAndFind
Talk about a mismatch. The RNC will be able to help out many marginal campaigns with that $83 million while Dems will have to pick and choose carefully which races they will invest in.
Politico:
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The Democratic National Committee was unable to keep up with the Republican National Committee's fundraising again in September, despite taking out $10.5 million in loans.
The DNC raised $20.3 million in September, including the loans, and only $3.7 million of its total fundraising came from individuals and political action committees. The rest came from transfers and offsetting operating expenditures.
As of Sept. 30, the DNC reported having $4.6 million in the bank and $20.5 million in total debt - almost double the $11.8 million it owed at the end of August. The committee owes about $5.5 million of its total debt to creditors for services such as direct mail consulting, polling expenses and event consulting.
The RNC by comparison announced it raised $48.4 million in September and had a whopping $82.6 million in its reserves.
"While we continue to put money into our ground game and fully fund our absentee ballot, early vote and Election Day GOTV efforts in all our battleground states, our historic cash on hand figure also allows us to continue funding our independent expenditure committee, run highly effective hybrid ads and assist in electing Republicans across the country at all levels," said RNC Chairman Reince Priebus.
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That GOTV effort will come in handy. The Obama campaign's ground game far exceeds Romney's in the number of state offices and volunteers. This is why many observers still give the president a good chance in Virginia as well as Ohio.
(Excerpt) Read more at americanthinker.com ...
