Party Donations Show G.O.P. Edge

[Amerigo Vespucci]

Source: The New York Times

WASHINGTON — For all the success that Democratic presidential candidates have had in raising money — taking in a combined total of over $500 million in the current race — the Republicans are beating them in one crucial area of fund-raising: the money being raised by the parties themselves.

The Democratic National Committee ended 2007 nearly flat broke, with cash of $2.9 million and debts of $2.2 million. Since then it has raised some money, paid down debt and managed to put $3.7 million in its piggy bank. This compares, however, with $25 million that the Republican National Committee has in cash on hand, after having raised $97 million since the beginning of 2007.

And with Senator John McCain now the presumptive Republican nominee, party officials started plotting with his campaign this week on deploying those resources against the well-financed Democratic candidacies of Senators Hillary Rodham Clinton and Barack Obama.

Already, President Bush, who spoke at 29 Republican fund-raisers and is credited with raising $63.5 million last year, is lined up for more R.N.C. fund-raising in the weeks ahead. This money is likely to provide the financial muscle for Mr. McCain to continue his attacks on both Democratic candidates.

Read more: http://www.nytimes.com/2008/03/07/us/politics/07donate.html