Friday, February 22, 2008

NRCC Outraises DCCC

This is a surprise:

The National Republican Congressional Committee narrowly outraised its House Democratic counterpart in January, ending a lengthy trend of losing the monthly money battles against the Democratic Congressional Campaign Committee.

In FEC reports filed last night, the NRCC reported raising $3.79 million in January, compared to the DCCC’s $3.72 million. The NRCC still badly trails the DCCC in cash on hand, banking just $6.4 million to the DCCC’s $35.4 million.
The same article points out that the Republican Senate campaign committee raised nearly as much as its Democratic counterpart in January. Recall too, (as I wrote yesterday) that the RNC continues to raise significantly more than its Democratic counterpart. When you look at the overall picture, the three Democratic campaign committees (DCCC, DSCC, and DNC) started February with an edge in cash on hand of about $28 million -- a big edge, but not overwhelming.

The Democrats think that 2008 will be a good year for them for several reasons: the better presidential candidate, the edge in money, and the high number of GOP retirements. But it's starting to seem that McCain may be the better candidate in the general election -- no matter who wins the Democratic nod. The latest round of fundraising reports suggests the Democratic money edge may be subsiding (with one notable exception). And while the Republicans will have more retirements no matter what, the vast majority will be seats where the GOP candidate is favored.

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