Democrats Outraise Republicans in July, Have More Cash on Hand

[bemildred]

Source: Bloomberg

Aug. 23 (Bloomberg) -- Democratic Party committees raised more money than their Republican rivals in July, leaving them with a cash advantage of more than $20 million heading into the last three months before the Nov. 2 congressional elections.

The Democratic National Committee brought in the most money during the month, with $11.6 million, compared with $5.5 million for the Republican National Committee. The Democratic Congressional Campaign Committee had the most cash, with $35.8 million in the bank at the end of July.

Democrats may need all the advantages they can get to retain majorities in the House and Senate during the midterm elections, which often lead to losses for the party that controls the White House. President Barack Obama’s drooping approval rating and voter anger about the economy are hurting Democrats nationwide.

“Even though Republicans have enjoyed a hospitable political environment, Democrats continue to outraise them,” said Deirdre Murphy, a spokeswoman for the Democratic Senatorial Campaign Committee, in an e-mailed statement. She said Democratic candidates “are all in strong positions to wage competitive races.”

Read more: http://www.businessweek.com/news/2010-08-23/democrats-outraise-republicans-in-july-have-more-cash-on-hand.html

[RamboLiberal]

1. DSCC went up recently with a great ad against Toomey in PA

The Democratic Senatorial Campaign Committee launched its first television advertisement of the general election today, introducing former Wall Street derivatives trader and Republican Senate candidate Pat Toomey to Pennsylvania voters.

Millionaire Pat Toomey did “pioneering work” with derivatives as a freewheeling Wall Street trader in the 1980s, even praising derivatives as an “enormous good.” After leaving Wall Street, Toomey moved to Washington, where as a Congressman he wrote legislation to weaken oversight of Wall Street, which contributed to the meltdown of our economy. Now, as a Senate candidate, Toomey advocates for the same freewheeling, reckless policies that led to economic collapse, all while taking in more than $1.6 million in campaign contributions from Wall Street and other financial special interests.

“Democrats are not going to let former Wall Street derivatives trader Pat Toomey get away with failing to mention his decades of service to Wall Street,” said DSCC National Press Secretary Deirdre Murphy. “Pennsylvania voters should know that Toomey has fought for Wall Street his entire life, first as a freewheeling derivatives trader, then as a Congressman writing legislation to weaken oversight of Wall Street, and finally as president of the Wall Street-backed Club for Growth. As a Senate candidate, Toomey might be right for Wall Street but he’s flat out wrong for Pennsylvania families.

http://crooksandliars.com/susie-madrak/new-dscc-ad-hits-pat-toomey-wall-stre

http://www.youtube.com/watch?v=oFmHTr26Uh4&feature=player_embedded

[ArcticFox]

2. Don't get too happy

I've got a feeling that many republican backers are going to be spending their money on "independent" political advertising this next time around, rather than passing the money through republican candidates. As is usually the case, the democrats will see their higher contributions as a major advantage and will be completely surprised when corporate persons spend billions of dollars in support of republicans.

[AlinPA]

4. I don't think your use of "billions" is an exagerration. It is not much money for the corporations

to spend several tens of billions on republican House and Senate seats. It will come in September and October.

[bluestateguy]

3. I'm only donating to candidates this year, not party committees

The DCCC, DSCC and the DNC are going to spend most of their money on Blue Dog-DLC weenies who either don't support the party program, or demand that legislation be watered down until it is useless as a condition of their support.

[Fearless]

5. Agreed!

[Psephos]

6. It's not a money contest this year, it's a turnout contest. n/t

[WhiteTara]

7. but how much has KKKarl raised?

he's the money man for the repukes and has been running an end game on the RNC

[CLANG]

8. And without any help by me! Great news!