GOP Running Short, Enlists Rich Candidates

The GOP has been running short with fundraising for months now. They can’t seem to catch up to the Dems who have created an enormous fundraising gap for the GOP. So, in a bind, the GOP is turing to candidates who can bankroll their own campaigns:

Republican Party officials are aggressively recruiting wealthy candidates who can spend large sums of their own money to finance their Congressional races, party officials say.

At this point, strategists for the National Republican Congressional Committee have enlisted wealthy candidates to run in at least a dozen competitive Congressional districts nationwide, particularly those where Democrats are finishing their first term and are thus considered most vulnerable. They say more are on the way.

These wealthy Republicans have each already invested $100,000 to $1 million of their own money to finance their campaigns, according to campaign finance disclosure reports and interviews with party strategists. Experts say that is a large amount for this early in the cycle.

Dems who are “closely monitoring the Republican millionaires, assert that the recruiting underscores the Republicans’ financial weakness since they lost control of Congress in 2006.”

The most recent figures show that the Democratic Congressional Campaign Committee has raised $56.6 million and has $29.2 million at its disposal. By contrast, the National Republican Congressional Committee has raised $40.7 million with a cash balance of $2.5 million.

That is a striking turnabout for the Republicans, who have outraised the Democrats by considerable margins for years. As recently as 2006, the Republican Congressional campaign committee raised $40 million more than its Democratic counterpart, $179.5 million to $139.9 million.

Hmmm….. Must be that the American public is sick and tired of the corrupt ways of the GOP and they are looking for some greener pastures and politicians who might actually do something to fix the mess that BushCo and the GOP have made. Something is sorely wrong with American politics these days. Although the “2002 rule known as the millionaires’ amendment has tended to discourage wealthy candidates from pouring large sums into their own campaigns early on,” once again we see the GOP ignoring the rules and attempting to play on their own terms. Vote them out in ’08… Vote out the whole dirty lot of them.  

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2 Responses to GOP Running Short, Enlists Rich Candidates

  1. Dizzy Dezzi says:

    Having practiced politics as a Libertarian, I can tell you the bane of most, or rather, average LP candidates is that many are too poor to run solid campaigns. Add to that fact that it’s impossible to raise the kind of money that Dems or Reps raise. So, what most potential voters see is broke candidates. It’s bad for business, voters don’t really take you seriously. Adding insult to the Republican misery is the fact that they are all about “big money” and capitalism. If they ran “poor” candidates, it would reflect poorly on the party, not just the cash-strapped candidates. So, they have to run “rich” candidates to keep up their persona of “big money” so that the candidate can “show voters” that the Republican party is all about helping them be like them (rich).

    It’s barely 6am here, so I may not be making sense, but what I am trying to say is that in politics, perception is EVERYTHING to voters. Republicans want to push candidates that “look” like them and can give potential voters the feeling that they can “look’ like that, too, if they only vote for the “R” candidate. Of course, the Dems do, too, but they are obviously doing a much better job of it, this election cycle.

  2. Darrell Prows says:

    Dezzi: I’ve been maintaining that the only way we can effectively break out of a strictly two party system is to hold another Constitutional Convention. As I see it, the alliances that would form around the process of hashing out what changes we would like to make in the federal government would provide the perfect nuclei (I hope that’s a word) for new parties to form around. We might even get to the point where parties would have to band together in the legislature in order to pick the head of the government, and I can certainly see how that has its adavatages.