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Recession Dents Party Coffers

Fundraising unusually low for this point in the cycle

By Gabriel Winant, Newser User

Posted Mar 27, 2009 10:17 AM CDT

(Newser) – With recession raging and without a campaign to attract attention, donations to both political parties have fallen, reports the Washington Post. Donations to the six major party committees are off 26% from the same period 2 years ago. “People are feeling it,” an energy executive told Rep. Chris Van Hollen, the top Democratic House fundraiser.

The steepness of the fall in fundraising suggests that it’s more than just the usual post-election fatigue. The downturn seems to be punishing Democrats severely. Their supporters “aren’t feeling as flush as they were a year ago,” says a fundraiser. And for Republicans, being shut out of power has closed a major spigot of dollars.

[Images (4)]

[Quotes (1)]

President Barack Obama embraces DNC chairman and Virginia Gov. Tim Kaine at a Democratic National Committee fundraiser at the Warner Theater in Washington on Wednesday. (AP Photo)

Vice-President Joe Biden, speaks during a re-election fundraiser for Sen. Blanche Lincoln, D-Ark., Saturday, March 14, 2009 in Little Rock, Ark. (AP Photo/Mike Wintroath)

In this 2008 file photo, Sen. John Cornyn, R-Texas, talks to supporters. Cornyn is chairman of the National Republican Senatorial Committee, the lone GOP bright spot. (AP Photo)

Rep. Chris Van Hollen, D-Md., chair of the Democratic Congressional Campaign Committee, speaks at the Democratic National Convention in Denver, Aug. 26, 2008. (AP Photo)

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Mad

Mar 27, 2009 3:50 AM CDT

Wait till 2010, the recession will be resolving and the midterms will be up. America will like how it feels to be governed by Dems. Then, we'll finally rise up and completely smash the republicans out of Congress.

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RNC • recession • John Cornyn • Democratic National Committee • campaign fundraising • National Republican Congressional Committee • Democratic Congressional Campaign Committee • Chris Van Hollen • National Republican Senatorial Committee • Democratic Senatorial Campaign Committee

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(NEWSER) - Republicans appear to be on the ropes in the race to raise money for the 2012 election—depending on how you look at it. The Republican National Committee, Congressional Committee, and Senatorial Committee raised a combined $105 million through July—compared to $129 for their Democratic counterparts, Politico reports. The major reason? The DNC is trouncing the RNC, thanks to copious fundraising from President Obama . Republicans argue that even being close is impressive, given the president’s inherent advantage. More»

Disaffected Right, Left Close Purse Strings to Parties

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Recession Dents Party Coffers

Fundraising unusually low for this point in the cycle

[Images (4)]

[Quotes (1)]

OTHER STORIES ON OUR RADAR

RNC • recession • John Cornyn • Democratic National Committee • campaign fundraising • National Republican Congressional Committee • Democratic Congressional Campaign Committee • Chris Van Hollen • National Republican Senatorial Committee • Democratic Senatorial Campaign Committee

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More Newser Stories

Democrats Winning 2012 Money Race (Sort of)

But numbers don't include independent groups

Disaffected Right, Left Close Purse Strings to Parties

Miffed at election behavior, partisans boycott DCCC, NRCC, etc.

Wall Street Dumps Dems: Donations Down 65%

Upset about financial reform, banks keep their cash

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

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Recession Dents Party Coffers

Fundraising unusually low for this point in the cycle

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[Images (4)]

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OTHER STORIES ON OUR RADAR

RNC • recession • John Cornyn • Democratic National Committee • campaign fundraising • National Republican Congressional Committee • Democratic Congressional Campaign Committee • Chris Van Hollen • National Republican Senatorial Committee • Democratic Senatorial Campaign Committee

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Democrats Winning 2012 Money Race (Sort of)

But numbers don't include independent groups

Disaffected Right, Left Close Purse Strings to Parties

Miffed at election behavior, partisans boycott DCCC, NRCC, etc.

Wall Street Dumps Dems: Donations Down 65%

Upset about financial reform, banks keep their cash

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

About Us

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Newser By Users

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What is Newser?