View Full Version : Elections Senate & House committees release June funding reports.

07-22-2008, 08:49 AM

The Senate and House committees reported their June fundraising yesterday. Here are the numbers.

Committee Raised in June Cash on Hand
DSCC $21 million $46 million
NRSC $15 million $25 million

DCCC $10 million $55 million
NRCC $6 million $9 million

The DSCC's advantage is larger than it appears since virtually all the competitive Senate races save one (Louisiana) are being played on republican turf. NRSC chairman Sen. John Ensign (R-NV) not only has less money to spend than his DSCC counterpart Sen. Chuck Schumer (D-NY), but he has to spend almost all of it on defense, making it much harder to help Louisiana state treasurer John Kennedy in his uphill race to unseat Sen. Mary Landrieu (D-LA).

The House money situation is even more lopsided, with DCCC chairman Rep. Chris Van Hollen (D-MD) having an 8-to-1 advantage over NRCC chairman Rep. Tom Cole (R-OK). On our Hot House races page, we have already identified 57 House seats that are going to be competitive and there may be more to come. Assuming he can continue to raise money at the present clip, Van Hollen can dump $1 million into each of these districts and still have plenty left over for emerging opportunities. A million dollars is a lot of money in a House contest, often exceeding what the candidate can raise. Cole simply can't come close to matching that. For this reason, he has recruited many wealthy businessmen to run for the House. But picking candidates based on the size of their bank accounts rather on their ability to run good campaigns rarely leads to victory. The Democrats could easily pick up 20 seats in the House this year. At www.intrade.com contracts on the Republicans capturing the House are selling for $5, that is, bettors think the chance of this happening is 5%.