Sunday, August 21, 2011

DNC Fundraising Dropped Sharply in July, No Kidding

There is too much attention to the fundraising effort. Unlike other elections, the mood in America is ugly. Obama's policies are creating a havoc to the economy. In fact, the Democrats can raise ten-times the contributions over the Republican, but the message is set in stone. It is the economy and jobs that will be the major issue this election season. Obama had 3 years to stop the bleeding. Instead, he opened the wound bigger. Just looking the polls, Obama has a very low approval rating, his job performance is weak, and the direction America is heading is negative. Thus, one can assume the contributors to the Democrat party are lobbyists, unions, and big corporations. The contributors aren't middle America struggling to keep things afloat.

(The Blaze) The Democratic National Committee says it raised $6.7 million in July, down from $12.2 million in June and $10.5 million in May.

While still ahead of Republicans it was the DNC’s lowest monthly amount since President Barack Obama launched his re-election campaign in April, a month where the committee raked in $14 million in contributions. Obama cancelled some fundraisers during the month because of negotiations with congressional Republicans over the debt ceiling.

Obama’s campaign and the DNC raised $86 million during the spring fundraising quarter ending in late June, giving it a substantial lead on the Republican presidential field. The party paid down about $600,000 in debt, but Democrats still owe about $11.2 million to creditors. The DNC currently has $20.1 million in the bank.

The Republican National Committee has reported to have raised $6.1 million in July and has $7.6 million in the bank, about $300,000 more than it had last month. National Journal reports that that figure could have been higher, but the RNC spent big bucks on a four-week advertising campaign to try and protect Republican state senators in Wisconsin who faced recall elections.

Separately, the campaign arm of the House Democrats raised $4 million during the month, while their Republican counterparts raised more than $3.8 million. The Democratic Congressional Campaign Committee ended the month with $8.1 million in the bank and $4 million in debt. The National Republican Congressional Committee wrapped up the month with $11.2 million in cash on hand and $2.7 million in debt.