GOP Holds Big Edge Over Dems in Party Cash

The party has raised more than $97 million in 2007 and has $25 million on hand
By Jim O'Neill,  Newser User
Posted Mar 7, 2008 1:11 PM CST
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)
camera-icon View 3 more images

(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.