President Barack Obama Message Board

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Politics : President Barack Obama

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To: Wharf Rat who wrote (81450)	8/22/2010 8:49:07 PM
From: tejek	Read Replies (1) of 149317

Wharf or someone, I don't get why this is a big deal now that corp. can give whatever they want. Do the corp. monies still funnel through the committees and do they still have limits on amounts? But even if the corp. money is not unlimited, Rove and company have raised a ton of money outside of the GOP committees. Democrats hold financial advantage over GOP RNC's receipts were less than half the $11.6 million raised by the Democrats By JIM KUHNHENN updated 8/22/2010 1:29:12 PM ET Share Print Font: +-WASHINGTON — The Republican National Committee's $5.5 million in July receipts includes a $900,000 insurance payment, helping boost anemic fundraising by the national party. Federal campaign reports show that Democratic Party committees maintained a cash on hand advantage over their Republican counterparts as they entered the final three months before the election. The Republican Party's insurance payment was from Illinois National Insurance, a subsidiary of insurance giant American International Group. A party official said the money was for an insurance claim but said there was a confidentiality provision in the agreement. The official was not authorized to discuss the claim publicly and spoke on the condition of anonymity. The official said the payment was not related to AIG's financial troubles, which required a massive federal bailout. Even with the claim, the RNC's receipts were less than half the $11.6 million raised by the Democrats. The Democratic Party reported $10.8 million in the bank and $3.5 million in debts; Republicans showed $5.3 million in the banks and $2.2 million in debts. The RNC is by far the GOP committee struggling the most, creating anxiety among Republican operatives and increasing pressure on outside groups to help make up the financial gap. The National Republican Congressional Committee raised $8.5 million to help House candidates, surpassing the $6.2 million raised by its Democratic counterpart. But the Democratic Congressional Campaign Committee showed $35.8 million in the bank compared to $22 million for the NRCC. The two parties' senatorial committees were closer to parity. The Democratic Senatorial Campaign Committee raised $4.4 million and had $22.4 million in the bank. The National Republican Senatorial Committee raised nearly $4.2 million and had $21.2 million in the bank. msnbc.msn.com

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