Cash strapped GOP: Worst RNC cash flow in a decade (black president, Obama)
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A 2009 spending spree has left the Republican National Committee (RNC) with its worst election-year cash flow this decade.
The largest GOP party committee has $8.7 million in the bank heading into an election year with 37 governors’ races, a dozen major Senate contests, dozens more in the House and an all-important redistricting cycle on the horizon.
Said one RNC official: “It is very troubling, and the thing is, most people don’t understand this. But it is really troubling.”
The RNC had $22.8 million in cash and no debt when Michael Steele was elected chairman at the end of January, but has since seen its cash on hand drop to less than $9 million at the end of November.
Over the previous five months, while governors’ battles were being waged in New Jersey and Virginia, the committee saw its cash reserves drop by a full $15 million. Through November, the committee spent more than $90 million last year, which is nearly $20 million more than the Democratic National Committee (DNC)."
How very fitting, since the GOP has been morally bankrupt for some time....
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There's reason why, we're not happy with our party (understand we are less happy with Obama and Democratic leadership for sure).
Why do we need a black party leader just because a black president was elected, please - it's so transparent.
We are not giving our money to the RNC until they stop trying to expand the tent to the left. I don't mind RINO's in blue leaning districts but when you start pushing RINO's in historically conservative voting districts, it pisses off the base. We are now donating straight to conservative candidates. And PALIN.
I'm glad The Hill printerd that, hope the RNC gets the message.
So dont get all happy thinking they have no money to help candidates. The Candidates are the ones getting peoples money and skipping the rnc
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