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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
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(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.

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 to come up with plans to repeat their presidential nominating contests so that their delegates can...
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)
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 Cleveland, in this Feb. 26, 2008, file photo. (AP Photo/Carolyn Kaster, file)
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, where the president announced his endorsement of McCain. (AP Photo/Ron Edmonds)
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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Clinton surges after fundraising bump
Guardian (UK)

Obama claims funding record
Washington Times

Campaign-finance breakdown
Wall Street Journal

 
Barack Obama • Hillary Clinton • John McCain • Democrats • RNC • GOP • Howard Dean • Democratic National Committee • campaign fundraising • Election 2008 • DNC

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