Democrats Doing Well In Contributions

For many years the Republican Party raised and spent far more money each election season than the Democratic Party did. This put the Democrats at a serious disadvantage and could well have cost them several elections. That changed in 2008. Giant corporations could see which way the wind was blowing that year and directed much more money to the Democrats (in hopes of buying some good will). President Obama also proved to be very adept at tapping the internet for millions in small donations.

But after the Democrats passed the new law re-regulating the giant Wall Street financial firms, the corporate money switched back to the Republicans (they are now getting about 70% of it). Couple that with the supposed unpopularity of Democrats, according to the mainstream media, and one would believe the Democrats are probably again falling behind the Republicans in political donations. But that would be wrong. The Democrats are more than holding their own in political fundraising this year -- at least so far.

Here are some fundraising numbers for you to peruse and ponder:

DEMOCRATIC NATIONAL COMMITTEE

Raised in July..........$11.6 million

Spent in July..........$11.6 million

Transferred to state parties..........$4 million

Cash on hand..........$10.8 million

Outstanding debt..........$3.5 million

REPUBLICAN NATIONAL COMMITTEE

Raised in July..........$5.5 million

Spent in July..........$11 million

Transferred to state parties..........$1.5 million

Cash on hand..........$5.3 million

Outstanding debt..........$2.2 million

DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE

Raised in July..........$4.4 million

Spent in July..........$3.5 million

Cash on hand..........$22.5 million

NATIONAL REPUBLICAN SENATORIAL COMMITTEE

Raised in July..........$4.2 million

Spent in July..........$2.6 million

Cash on hand..........$21.2 million

DEMOCRATIC CONGRESSIONAL CAMPAIGN COMMITTEE

Raised in July..........$6.2 million

Spent in July..........$4.2 million

Cash on hand..........$36 million

NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE

Raised in July..........$8.5 million

Spent in July..........$3.5 million

Cash on hand..........$22 million