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August 29, 2008 5:02:52 PM CDT

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GOP Holds Big Edge Over Dems in Party Cash

Posted Mar 7, 08 1:11 PM CST in Politics 

(Newser) – The Democratic candidates may be flush with money, but their party isn't. The GOP has a nearly 7-to-1 advantage in cash on hand, the New York Times reports. Democrats hope to make up the gap once they settle on a nominee, but the GOP already has begun plotting with John McCain on how to best use the advantage. Republicans raised $97 million last year and have $25 million left; Dems raised $60.5 and have $3.7 million left.

“The DNC has had trouble raising money, and the RNC is well-positioned to help our nominee financially," said a GOP spokesman. Money raised by the party is pivotal because it can be used prior to nominating conventions; candidates can use funds they’ve raised for the general election only after they’ve been nominated as their party’s candidate.

Source New York Times

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Democratic Party Chairman Howard Dean delivers a guest lecture to a class in comparative politics at Dartmouth College in Hanover, N.H., in this May file photo. Dean urged Florida and Michigan party officials...   (Associated Press)
Republican nominee-in-waiting, Sen. John McCain, R-Ariz., right, accompanied by Florida Gov. Charlie Crist, meets reporters in West Palm Beach, Fla. Thursday, March 6, 2008. (AP Photo/Gerald Herbert)   (Associated Press)
Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., left and Democratic presidential hopeful, Sen. Barack Obama, D-Ill., arrive on stage for a debate at Cleveland State University in...   (Associated Press)
President Bush points to the Oval Office as he makes statements with Republican nominee-in-waiting, Sen. John McCain, R-Ariz., Wednesday, March 5, 2008, in the Rose Garden at the White House in Washington,...   (Associated Press)
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Barack Obama  • Hillary Clinton  • John McCain  • Democrats  • campaign fundraising  • GOP  • Howard Dean  • Democratic National Committee  • DNC  • Republican National Committee  • RNC


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