RNC document reveals bleak financial standing

[sabra]

Source: CNN

Washington (CNN) - An internal Republican National Committee document obtained by CNN paints a damning picture of the committee's financial standing compared to the past five election cycles.

The document, pulled together during a recent review sparked by concerns over RNC spending practices, said the committee had $12.5 million in cash on hand at the end of April.

By comparison, the average cash on hand at the end of April from 2002-2009 was $40.4 million. And that average includes the odd numbered years when there are fewer election contests.

Looking only at even-numbered years, this year's $12.5 million end of April COH is less than one-third the amount the RNC had on hand on April 30 for the 2002 ($47 million) and the 2006 ($44.6 million) midterms.

Read more: http://politicalticker.blogs.cnn.com/2010/05/24/rnc-document-reveals-bleak-financial-standing/?fbid=VP2LgjjHQ1T

[Cirque du So-What]

1. Looks like the GOOPers have become too greedy for their own good

They're unwilling to share the largesse made possible by their bought-and-paid-for repukes with the party apparatchiks responsible for getting them reelected to 'public' office. Complacency probably plays a role as well, seeing that they've succeeded in transferring the lion's share of wealth into their own pockets. I'm sure the nobles felt similarly sated just prior to the French Revolution.

[BrklynLiberal]

12. Is that a typo..? If not, it is very funny..and even if it is..it is very funny.

[napi21]

2. Ahh yes...ayet another success story about the success f the

RNC Chairman! Doesn't he jut shine in all areas!

[EarlG]

3. I hope they never, never, never, never, ever

fire Michael Steele.

[rocktivity]

8. Earl G! Is that you?

And does this mean your Top Ten Conservative Idiots aren't too far behind?

:bounce:
rocktivity

[Soylent Brice]

14. shit, i hope so...

*fingers crossed*

[Warpy]

10. Well, to be fair, I'd have to say the campaign funds started to dry up

long before Steele became chairman. However, he's done a bang up job of keeping them dried up. Long may he rave.

I doubt even Big Oil is willing to make up the difference, although I fully expect them to shell out at least that much in attack ads between now and early November, 2012.

Still, even those overstuffed campaign coffers along with dragging the fundies out to vote against the evil gay agenda of forming stable families didn't do the trick in 2006 or 2009.

They can't lie their way in, they can't buy their way in. Let's hope they don't manage to cheat their way in again, that has worked out very, very badly for the country.

[docb]

21. RNC funds drying up

This is a pattern on both sides..The Dem orgs are having a similiar problem--just not as deep. But with no solutions or ideas what would one expect?
Now the GOP is asking the voters to give them new ideas..THAT MEANS A Truly EMPTY BARREL!-- NO MONEY AND NO SOLUTIONS!!!New web site asks for ideas but they do not say they will use them! Typical!

[Soylent Brice]

13. +1

[libodem]

15. Yeah baby

Me, too! He is some where between a a nerd and a dork. Spend all the 'Greedy Old Pigs', RNC, funds yet, Michael? I hear strip clubs make great meeting places to unload your last dollar bills. Stimulate the economy and the stick-up-their-asses fake moralist hypocrites you represent.

[grantcart]

32. Uh Earl the leaking of the memo is actually Steele's pink slip

The significance of the memo is

1) Republican funds are being syphoned away from the RNC

2) Republican higher ups are leaking damaging statistics about Steele.


MS is now officially on the clock. Either they will take him out in the next few weeks or they will keep him in until the Nov elections are over and let him take the blame.

Either way Steele is now officially dead meat.

It was fun while it lasted.

[grantcart]

33. Uh Earl the leaking of the memo is actually Steele's pink slip

The significance of the memo is

1) Republican funds are being syphoned away from the RNC

2) Republican higher ups are leaking damaging statistics about Steele.


MS is now officially on the clock. Either they will take him out in the next few weeks or they will keep him in until the Nov elections are over and let him take the blame.

Either way Steele is now officially dead meat.

It was fun while it lasted.

[rocktivity]

4. Candidate for this year's "You Call This NEWS?" Award

"a damning picture of the committee's financial standing compared to the past five election cycles"? That's the prettiest prose I've seen outside of one of Keith Olbermann's special comment!

:rofl:
rocktivity

[Ruby the Liberal]

5. Thanks for donating! Enjoy the chicken and don't forget to tip the strippers!

[notesdev]

6. Steele killed them

He's basically pissed off every constituency they have except the blue bloods.

[aquart]

7. Oh, how they miss DeLay and Abramoff.

And that San Diego guy who billed the US for phony companies and passed the money to the RNC.

[jaxx]

9. Next question is how much has Rove's group siphoned off?

Supposedly big bucks going to his coffers. Gawd he's such a puke.

[Lil Missy]

11. Hey! The lesbian bondage bars are expensive!!

[joanmj]

16. Great news!

:bounce: :kick:

[GinaMaria]

17. Thank you Michael Steele!

but you still have 12 million left, so get busy.

[BumRushDaShow]

18. Palin, Piyush, and Paul

oh my! :rofl:

They are finding themselves not only spending too much in the strip joints and supporting SOs and 2nd families on the side, but have been forced to spend even MORE money trying to win primaries against their own astroturf teabagger creations, so they can even get to a point where they can run against a Democrat. They have allowed the Ps and their kin ilk to run amok!

[formercia]

19. Steele should be nominated for Honorary Democratic Operative.

..and the GOP gets to pay his salary.

[liberation]

20. Oh the irony coming from the party of "financial responsibility."

LOL

[vanamonde]

22. Maybe it will continue to shrink

until it can be drowned in a bathtub. Wouldn't that be nice.

[LiberalVoice]

23. Not so fast...

While the RNC may be operating at a deficit...The super elite republican donors have found a new place to send their money.

Karl Rove


http://tinyurl.com/258e3d3

http://preview.tinyurl.com/258e3d3

[Guy Whitey Corngood]

25. Exactly. nt

[grantcart]

30. That is the whole point of the article

The fact that it has been leaked is to start building the case to take him out.

They are going to keep him until the Congressional elections are over and then he will be tagged with the blame if they don't succeed.

[LiberalVoice]

34. The problem is...

...he plays dirtier than anybody in politics, and Karl Rove usually succeeds.

[struggle4progress]

24. Could be good news but may not be. Maybe it's a side effect of Citizens United?

There might be a big corporate blast in the campaign season

[Doctor_J]

27. correct. See my next reply.

[Doctor_J]

26. Thanks to the fascist SCOTUS, "hard money" means almost nothing

regular RNC money will be dwarfed by soft money, on which there is no accounting, no control, no limits, and no paper trail. this means absolutely zero.

[LiberalVoice]

28. This means nothing...

While the majority of small money contributions to the RNC is dwindling in both frequency and amount.

Don't think for a second that the big money donors will stop filling the pockets of republican politicians. In fact with the recent supreme court decision corporations can donate unlimited financial contributions. It will be harder now than it ever has been to out fund raise the republican elite.

[grantcart]

31. It means that there is an open rebellion against Steele

You are right about the money

This is just setting the foundations for his future firing.

[Zorra]

29. No surprise. Republicans in the political arena simply cannot handle money.

Proven time and time again.