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  2008 U.S. Presidential Election Campaign
  Finances as of end of August, 2007
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Author Topic: Finances as of end of August, 2007  (Read 872 times)
bonncaruso
bonncnaruso
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« on: September 25, 2007, 02:06:28 pm »
« edited: September 25, 2007, 02:08:24 pm by bonncaruso »

from http://electoral-vote.com/evp2007/Pres/Maps/Sep21.html

Fundraising details, hard cash facts.

"Both the DCCC and the NRCC have released their fundraising totals through August. It is very bad news for the Republicans. The story is at CQ Politics. The Democrats have a net $19 million to spend on congressional races; the Republicans have a net of $-2 million. These figures mean that in close races, Rep. Chris Van Hollen (D-MD), chairman of the DCCC, can pour money in to help his candidate while Rep. Tom Cole (R-OH), chairman of the NRCC, is broke. This situation is a massive reversal of the historical pattern in which the Republicans outraise the Democrats nine ways to Sunday. Coupled with more than half a dozen Republican retirements, it is going to be well nigh impossible for the GOP to take back the House. The Senate looks even worse, as we have reported over the past two weeks."

DCCC: (2007) 43 million raised, 23 million spent, leaving 22 million cash on hand minus 3 million debt = 19 million.

(Note: The numbers in the equation are rounded to the nearest million, which is why the arithmetic appears to be wrong.)

Now, here is the telling part:

NRCC: (2007) 35 million raised, 34 million spent, leaving 2 million minus 4 million debt = -2 million.

This means that the GOP must first raise 2 million to just break even, and then another 19 million to try to catch-up to the DEMS, who will certainly have raised more by the end of the calender year.

http://electoral-vote.com predicted the 2004 presidential election exactly and predicted the senate and house elections in 2006 almost exactly to a tee.

--------------------------------

Finance Update: DSCC/DRCC, DNCC/DRCC, Statewide Networks: Running Total

Democratic Senatorial Campaign Committee (DSCC)
• August 2007 receipts: $2.6 million
• Cycle-to-date receipts: $36.7 million
• August 2007 expenditures: $2.5 million
• Cycle-to-date expenditures: $16.1 million
• Cash on hand, August 31: $20.6 million
• Debts, August 31: $3.5 million

Effectively, after debt, the DSCC has $17.1 million in it’s warchest

National Republican Senatorial Committee (NRSC)
• August 2007 receipts: $2.4 million
• Cycle-to-date receipts: $20.5 million
• August 2007 expenditures: $1.7 million
• Cycle-to-date expenditures: $13.5 million
• Cash-on-hand, August 31: $7.1 million
• Debts, August 31: $0

The RSCC has 7.1 in it’s warchest.

So, the DSCC is ahead by $ 10 million.

As already reported the warchests for the DNCC/RNCC show a lead for the DEMS totaling $21 million.

State networks:

Dems lead total receipts $178 million to $116.

Total: 10 + 31 + 62 = $103 million advantage for the DEMS at the current time, essentially debt-free.

There is a good write up in politico:

"GOP expects to lose more seats" (in the House)

http://www.politico.com/news/stories/0907/5994.html

Comments? Smiley
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