DNC deep in debt

[cybrsage]

The Democratic National Committee had more debt than cash on hand when the general election started in September, a troubling fact few people have noticed to this point in the campaign.

We already knew that the Republican National Committee had more than 10 times as much cash as the DNC while the party’s were holding their conventions, but a closer look at the DNC’s August report shows it also took out $8 million in loans during that month — which means it had more debt ($11.8 million) than cash on hand ($7.1 million).

This year, though, appears to be the first time the committee has carried more debt than cash heading into the final two-plus months of the campaign.

The question from here is whether that represents a problem for Democrats and whether the DNC is going to have to continue to take out loans to stay above water. So far the committee has taken out $8 million of a $15 million line of credit, meaning it can take out more, but only to an extent (unless it secures more credit).

http://www.washingtonpost.com/blogs...faces-cash-shortfall-on-eve-of-2012-election/

Uh oh...Obama is going to have to bail them out from his own election fund.

 

[piasabird]

Who cares? Who wants to donate money to a sinking ship?

 

[cybrsage]

The DNC cares. What a silly question to ask!

 

[jpeyton]

The article says DNC's August report.

Obama and the Dems raised a record-breaking $181 million in September, it was all over the news (http://abcnews.go.com/blogs/politic...ing-record-smashing-181-million-in-september/). They had $143 million in cash on hand.

Where's the story?

 

[cybrsage]

You are confusing Obama's money with the DNC's money. They are not the same thing. From the article I linked but you did not read:

Obama did raise a very strong $181 million in September for his campaign and for the DNC, but it’s unclear how much of that sum will go to the DNC and whether it will bring the DNC out of the red.

 

[jpeyton]

Luckily the DNC doesn't need a lot of cash, Democrats are the heavy favorite to hold a 4 seat advantage in the Senate.

That advantage may grow, depending on how many GOP Senate candidates open their mouths about rape and abortion. Akin already tanked his Senate hopes by doing so.

 

[buckshot24]

Luckily the DNC doesn't need a lot of cash, Democrats are the heavy favorite to hold a 4 seat advantage in the Senate.

That advantage may grow, depending on how many GOP Senate candidates open their mouths about rape and abortion. Akin already tanked his Senate hopes by doing so.

God are you a hack.

 

[jpeyton]

God are you a hack.

August 18th, Akin was +5 in the MO Senate race.

August 19th, Akin makes his "legitimate rape" comment.

August 22nd, after three days of media coverage, the race flips 180 degrees, McCaskill is now +5 and has held that lead ever since.

The DNC doesn't need ad money, it just needs a debate moderator or interviewer to bring up abortion in the case of rape/incest/life of the mother.

 

[Double Trouble]

God are you a hack.

He is, and always has been

 

[Double Trouble]

http://www.washingtonpost.com/blogs...faces-cash-shortfall-on-eve-of-2012-election/

Uh oh...Obama is going to have to bail them out from his own election fund.

DNC in debt? I am truly shocked that they are unable to keep their spending bound to how much they bring in. Then they'll seek a bailout from the federa....ummm... I mean Obama's campaign war chest. Funny how it mirrors the real world to a "T".

 

[umbrella39]

God are you a hack.

God you are a sock.

 

[Anarchist420]

Obama may or may not win the battle (the election), but he'll lose the war (the presidency). Obama is not a natural born sword. I need to die before I can become the sword or even the next Emperor Nero. I ain't going to be the next George Washington or the next FDR either, even though my body and perhaps my soul is just like theirs. I can't become the next Theodore Roosevelt because I wasn't born of a true catty woman. I won't become a sword or an executive in any way. Power would corrupt me and scare the good girls too much even more if I got anymore of it.

All of that said, Julius Caesar tried to mold the hell out of the world, but even he wasn't moldy enough to help microbacterium like myself. I don't want to become a macrobacteria and I was never meant to be a fungus.

 

[MovingTarget]

Why give to the DNC or RNC when you can give nearly unlimited money without restriction to various PACs? This is more a casualty of Citizens' United. The party committees can't realistically keep up in that environment if they expect to compete with them.

 

[diesbudt]

Obama may or may not win the battle (the election), but he'll lose the war (the presidency). Obama is not a natural born sword. I need to die before I can become the sword or even the next Emperor Nero. I ain't going to be the next George Washington or the next FDR either, even though my body and perhaps my soul is just like theirs. I can't become the next Theodore Roosevelt because I wasn't born of a true catty woman. I won't become a sword or an executive in any way. Power would corrupt me and scare the good girls too much even more if I got anymore of it.

All of that said, Julius Caesar tried to mold the hell out of the world, but even he wasn't moldy enough to help microbacterium like myself. I don't want to become a macrobacteria and I was never meant to be a fungus.

I.... what?

This is single handedly the weirdest most confusing post I have ever read on here.

 

[D-Man]

DNC deep in debt

These are the people that want to balance our budget?

 

[zsdersw]

God are you a hack.

Says the pot to the kettle.

 

[jackstar7]

http://politicalticker.blogs.cnn.com/2012/10/19/rnc-september-haul-twice-dncs-fundraising/

More recent info on the topic.

 

[Double Trouble]

Why give to the DNC or RNC when you can give nearly unlimited money without restriction to various PACs? This is more a casualty of Citizens' United. The party committees can't realistically keep up in that environment if they expect to compete with them.

If the party committees can't realistically keep up, how come the RNC is doing just fine? Seems to me that the DNC has a problem with spending more than they bring in, which is not at all surprising.

Obviously in the current environment superpac's is where the real money is, but it is kind of ironic that the DNC is unable to keep their spending in line with what they bring in.

 

[K1052]

Both sides take out loans when the need the extra cash. Romney has taken out loans during the campaign as well.

 

[hal2kilo]

Both sides take out loans when the need the extra cash. Romney has taken out loans during the campaign as well.

Exactly. Sorry, really not news worthy.

 

[mshan]

"Voters in Columbus, Ohio, saw 30-second television ads for both Barack Obama and Mitt Romney while watching “Wheel of Fortune” on their CBS affiliate over three days in September.

For Obama’s team, the order per spot cost $500.

For Romney’s, the price tag on the order was more than five times steeper at $2,800 per ad."

http://www.politico.com/news/stories/1012/82217.html

"Plus, the Obama forces seem to be getting more bang for their advertising buck. That’s both because the Romney campaign’s unusual media-buying strategy has not reserved air time as far in advance as Obama’s, and campaigns get better advertising deals than party committees and outside groups through so-called lowest-unit rates.

Between Oct. 4 and Oct. 11, Romney, the RNC and GOP-allied outside groups outspent Obama and his allies on TV ads $31.6 million to $28.1 million, but Democrats aired about 5,000 more ads, according to data from Kantar Media’s CMAG ad tracking service reported by ABC News."

http://www.politico.com/news/stories/1012/82671.html

 

[PJABBER]

http://politicalticker.blogs.cnn.com/2012/10/19/rnc-september-haul-twice-dncs-fundraising/

More recent info on the topic.

Thanks for that link.

Have you run across anything recently on union spending for this election cycle? They are huge compared to the DNC or RNC expenditures..

The WSJ outlined just how much here.

 

[MovingTarget]

If the party committees can't realistically keep up, how come the RNC is doing just fine? Seems to me that the DNC has a problem with spending more than they bring in, which is not at all surprising.

Obviously in the current environment superpac's is where the real money is, but it is kind of ironic that the DNC is unable to keep their spending in line with what they bring in.

Ironic? Yes. However, the writing is still on the wall. The RNC will face the same problem sooner rather than later.

 

[dawp]

Obama may or may not win the battle (the election), but he'll lose the war (the presidency). Obama is not a natural born sword. I need to die before I can become the sword or even the next Emperor Nero. I ain't going to be the next George Washington or the next FDR either, even though my body and perhaps my soul is just like theirs. I can't become the next Theodore Roosevelt because I wasn't born of a true catty woman. I won't become a sword or an executive in any way. Power would corrupt me and scare the good girls too much even more if I got anymore of it.

All of that said, Julius Caesar tried to mold the hell out of the world, but even he wasn't moldy enough to help microbacterium like myself. I don't want to become a macrobacteria and I was never meant to be a fungus.

how many shrooms have you eaten?