Polls are where you look to see how a candidate is doing. Inside political observers “follow the money”. Below is my Saturday morning reading. You decided how it looks at this point in the mid-term election.
“RNC has just $5m for final push,” by Jonathan Martin: The RNC “has just over $5 million in the bank for the final stretch of the 2010 mid-term election campaign, according to an unannounced filing with the FEC disclosed Friday night. The report also indicates that the national party headed by embattled chairman Michael Steele is carrying just over $2 million in debt. … It indicated that the committee brought in slightly more than $5.5 million in July – less than half of what the DNC raised – while spending $11 million. The RNC’s money woes have many party leaders and operatives deeply worried about whether the GOP will be able to take full advantage of an otherwise promising election cycle. Of most concern are get-out- the-vote activities that are typically funded by the national committee. … The DNC released its July fundraising numbers earlier this week, reporting that it had just over $10.8 million on hand while also carrying $3.5 million in debt.
“The RNC’s struggles come as other Republican committees show signs of momentum. The National Republican Congressional Committee outraised its counterpart, the Democratic Congressional Campaign Committee, $8.5 million to $6.2 million in July. The DCCC, however, has just under $36 million in the bank while the NRCC has about $22 million. The National Republican Senatorial Committee appears to be closing the cash gap on its Democratic counterpart, raising $4.2 million to the Democratic committee’s $4.4 million in July. These committees each have more than $20 million heading into the fall. Meantime, the Republican Governors Association has about $40 million to spend on the fall elections, significantly more than its Democratic counterpart. http://bit.ly/d0WQNj
OUTSIDE MONEY – The dogged KENNETH P. VOGEL reports that American Crossroads “pulled in more than $2 million from last month, and this week spent $454,000 on ads supporting Republican Rob Portman’s Ohio Senate campaign … American Crossroads accepted $1 million each from the trust of former Univision chairman Jerry Perenchio and from an agricultural interest controlled in part by Texas billionaire Harold Simmons. But the FEC reports reveal only half of the effort being waged under the American Crossroads umbrella, which includes the Crossroads PAC and … American Crossroads Grassroots Policy Strategies, or GPS … Together they have raised $17.6 million … Crossroads GPS announced Friday that it had launched more than $2 million worth of so-called issue ads criticizing Senate Majority Leader Harry Reid (D-Nev.) and Missouri democratic Senate candidate Robin Carnahan during their campaigns. … The Crossroads groups, part of a vast effort by political and interest groups on the right to offset the overall financial advantage held by Democrats and their allies, have set an ambitious fundraising goal of between $50 and $60 million.” http://bit.ly/c5PD8N