It’s no secret that the Democratic Party is far exceeding many of the
Republican candidates in the fundraising realm. From President Obama’s
high priced soirees to support from Hollywood’s A list, the GOP is
struggling to keep up. However in politics, numbers in the bank don’t
always equal voters in the poll booths.
So with a low approval rating, a poor economy and a low chance of
winning back the House, how in the world are the Democrats able to
create such a money making machine?
First of all, the house GOP majority wants to drastically cut federal
spending but “cuts to federal spending are a hindrance to healthy
fundraising – especially when it comes to picking the pockets of the K
Street donors and interest groups who depend on federal dollars,”
explain Alex Isenstadt and David Catanese on HamptonRoads.com.
Secondly, House Minority Leader Nancy Palosi is an amazing
fundraiser. Since January Pelosi has held 262 fundraising events in 35
cities and two territories, which have raised more than $24.4 million
for House Democrats.
Next, one third of the Republican conference is comprised of first
termers. Many of them don’t have the capitol that seasoned members do or
they are concerned about their reelection bids and are waiting it out a
bit. Also, there’s only so much money to go around: do the big donors
give to GOP power house committees or to independent groups?
Finally, there are 17 Democratic incumbents – more than twice the
number that the GOP must defend. That means there are a lot of
incumbents who already have connections and know which doors to knock
on.
“Republicans, meanwhile, have a collection of competitive and
unsettled GOP fields that are keeping donors on the sidelines. The party
is still searching for clear Senate frontrunners in Missouri, Florida
and Wisconsin – each which currently has at least three GOPers vying for
the nomination,” examines Isenstadt and Catanese.
So will the Republican Party be able to compete in the fundraising
arena or will their lagging numbers be a minor setback once the ballots
are counted? Like with most conundrums, only time will tell.
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