A crucial GOP fundraising committee is nearly broke, according to its latest monthly filing with the Federal Election Committee last week.
The National Republican Congressional Committee (NRCC) reported $1.6 million in cash on hand and $4 million in debts as of Aug. 31. The group helps bankroll House campaigns for GOP candidates.
Its counterpart, the Democratic Congressional Campaign Committee, reported $22.1 million, more than 10 times its Republican counterpart....
Senate Republicans are in a state of relative poverty, also. The National Republican Senatorial Campaign has just over $7 million on hand, according to the new filings. The Democratic Senatorial Campaign Committee has more than $20 million.
The thing about Republican financiers is that they don’t like to waste their money. They are not going to give money to the GOP out of the goodness of their hearts. They are betting the Republicans are going to lose big time in 2008 and they don’t want to waste their money in that futile effort. So they are cutting them off now, which is in effect a self-fulfilling prophesy.
Nevertheless, Democrats had better not count on coasting to victory from here on out. They will still need to give it everything they’ve got to make sure that it stays a blowout election.
The rest of the presidential campaign season will simply be time for people to become accustomed to the idea that Hillary Clinton will be our next president.