Posted on 10/18/2006 9:50:50 AM PDT by Abathar
The DSCC's optimism about winning the Senate is apparently contagious as the DNC is going to pony up an extra $5-10M for the Senate committee, according to sources familiar with the previously reported arrangement between the two campaign orgs.
While the DNC doesn't have $10M to just toss around to another campaign committee, the DNC apparently has decided to go into debt to come up with the extra cash DSCC Chair Chuck Schumer has been pleading for from DNC Chair Howard Dean. The actual amount of the loan the DNC is taking out is not known as the committee holds out hope they can raise nearly everything they need before the election. But a line of credit has been opened.
The money is not designated for specific Senate races, however, sources tell us that two races in particular were used as leverage in negotiations between the DSCC and the DNC. Those two races: New Jersey and Virginia. Apparently the extra DNC money will help soften the financial blow the DSCC was taking by incurring the extra cost of saving Sen. Bob Menendez from the challenge of Republican Tom Kean Jr. as well also trying to target Virginia. New Jersey and Virginia sport three of the most expensive media markets in the country (NYC, Philly and DC). In addition, TN was also a factor in the DNC-DSCC discussions as the investment the DSCC is making is possibly more than they expected.
A national party committee taking out a loan toward the end of an election cycle is not unusual, particularly on the Democratic side of the aisle. In '04, the DCCC took out a loan in an attempt to save the Texas Democratic House incumbents. In the end, four of those five Texas Democratic incumbents lost.
There has been some speculation (driven a bit by Democratic pundits like James Carville) that the DCCC might take out another loan this cycle in order to spend money on some of these new House seats that have come into play over the last few weeks.
The RNC is proving to be an important cog to the Republicans' efforts to hold the House and Senate, particularly the Senate. It's been something that's gotten under the skin of Schumer and DCCC Chair Rahm Emanuel. It'll be interesting to see if Dean's decision to go into debt will finally get Schumer and Emanuel off his back.
Quote: "The DSCC's optimism about winning the Senate is apparently contagious as the DNC is going to pony up an extra $5-10M for the Senate committee, according to sources familiar with the previously reported arrangement between the two campaign orgs."
Have to ask, is it optimism or that the DSCC was running behind in money?
DSCC is getting ready to join Air America
"DNC apparently has decided to go into debt"
Well, that's how they run the government.
Why doesn't Hillary lend it to them? Oh wait... she needs it in 08, but she's not running...
If this were the republicans, the spin would be exactly the opposit.
"Demcrats desperate for cash borrow money."
"Democrats short on cash borrow money."
If this were the republicans, the spin would be exactly the opposit.
"Demcrats desperate for cash borrow money."
"Democrats short on cash borrow money."
= = = = = = = = =
When I read the article that is exactly what I thought. Sounds a lot like desperation to me.
I thought they had this election in the bag !!!!
This is fantastic...not only are the Dems going to fail to take the majority in either chamber, they're gonna go into debt doing it!
"Make them spend it all, Howard!"
I'll lend them some if I get foreclosure rights.
Would it be too much to demand that the MSM look into just who in their right might would extend such a "line of credit" to the DNC and what the terms are???
Wouldn't it be a kind of political "donation" if such a line of credit is given on anything better than market terms for what is surely as less than stellar credit risk??
What interest rate are they paying?
They are trying to spin their lack of fund raising prowress?
And Dems were already donating to the DNSCC, and DNCCC to avoid Dean and his DNC.
This is too funny.
Dems are out of money and are trying to spin it as a positive ping! :)
Wont this make them 10+ short for the presidential election?
Where are all the rank and file rats willing to give every penny they have to see a rat congress?
in other news the Republicans have raised enough money for this election cycle.
You have brough up a very interesting point here, I will send that idea around to other people and see if I can't find out.
-PJ
Alternately, they may be spending in Virginia in order to force the Republicans to match their spending, taking away GOP funds from Tennessee and Missouri.
Ain't politics fun?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.