Howard Dean’s DNC: Nearly Broke

Barack Obama and Hillary Clinton may be raising money hand over fist, but Howard Dean seems to be unable to get people to donate to the Democratic National Committee:

According to the latest Federal Election Commission reports filed through the end of March, the RNC had $31 million in cash on hand, while the DNC had only $5.3 million. The RNC has raised $36.5 million this year, while the DNC has raised $17.7 million. The story was equally grim in 2007, when the RNC raised a total of $83 million to the DNC’s $50 million. “The general election has started; we should be raising $15 million a month,” said one senior DNC official who spoke on the condition of anonymity. The committee is raising less than $6 million each month.

This isn’t a disaster for the Democrats because the presidential candidates are raising money like it’s going out of style. The Democratic House and Senate committees have significantly outraised their Republican counterparts, as well. It could become a problem however, if the donors to the loser in the Democratic nominating race are angry enough to sit the rest of the race out. It could also be a major problem if the presidential race at some point starts to be perceived as strongly favoring McCain. In that case, corporate donations would likely shift dramatically to the Republicans, in an attempt to curry favor with the winner before it’s too late. It could significantly harm the Democrats if the built-in cash advantage that they’re dealing with suddenly flipped against them in the last few months. Apart from that, the lack of DNC cash only demonstrates the ineffectiveness of Howard Dean. The cash is practically falling off the trees for Democrats this year, and Howard Dean can’t even get a sniff.

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