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Republican Party Hits Eight-Year Low For Cash: Could Lack Of Large Donors Hurt 2024 Election Odds?
Price Action EA ^ | 11/29/2023 | Chris Katje

Posted on 11/29/2023 9:58:09 PM PST by SeekAndFind

With a potential rematch of Donald Trump versus Joe Biden, advertising spending is expected to hit records for the 2024 election cycle.

This could be bad news for the Republican National Committee, which has reported lower political donations.

What Happened: Donald Trump leads many national polls ahead of President Joe Biden and has a commanding lead over his Republican competition for the GOP nomination for the presidential election in polls.

The Republican National Committee might not be able to help Trump or other candidates out as much as they have in recent elections, based on the size of its current war chest.

According to the Washington Post, the RNC had $9.1 million in cash at the end of October, as per a party disclosure. This total was the lowest for the RNC in any Federal Election Commission report since February 2015.

The report could be worrisome as the RNC had around $20 million, or over double at this point in the 2016 election cycle and had around $61 million at this point four years ago for the 2020 election cycle.

The Democratic National Committee had around $17.7 million as reported for the end of October, ranking nearly double that of the amount from the RNC.

Reports say the RNC is getting less large checks from political donors and its amount of small donations has also fallen.

"We're going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail," RNC member Oscar Brock said, as shared by the Washington Post.

Reports said some donors might not be making donations this year as the donations could directly benefit Trump, a person that not all Republicans were willing to support with their own money.

Lower donation amounts and totals could also come as a result of higher inflation and tightened consumer spending.

RNC Chairwoman Ronna McDaniel cited voters giving more to individual candidates instead of the overall party as a reason for the lower donation amounts.

"I think there's more donors just fully committed to their candidate right now, saying I am all in, and once the nominee is set, I'll be there," McDaniel said.

Related Link: Political Ad Spending In 2024 Election To Smash Records

Why It's Important: Concerns over the amount of cash the Republican National Committee has could be escalated with Trump's call to cancel Republican primary debates to save money.

"RNC must save money on lowest ever ratings debates. Use it against the Democrats to STOP THE STEAL! If not, REVAMP THE RNC NOW!!!" Trump recently said.

Trump also expressed concerns that the RNC was ready to help with the 2024 election.

Increased concerns for the RNC also came after the party lost several key races and ballot initiatives in recent elections.

With a highly competitive 2024 election race expected between party frontrunners Trump and Biden, the low amount of cash the RNC has and lack of big donations could be worrisome. Trump was able to increase his war chest in recent quarters.


TOPICS: Campaign News; Parties
KEYWORDS: 2024; dahorserace; donations; elections; horserace; rnc; ronnagottago; thehorserace
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1 posted on 11/29/2023 9:58:09 PM PST by SeekAndFind
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To: SeekAndFind

Donors probably watched the loser debates


2 posted on 11/29/2023 10:02:22 PM PST by NWFree (Sigma male πŸ€ͺ)
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To: SeekAndFind

Trump had long coattails in 2020 when the election was stolen from him.

He will have even longer coattails in 2024.

The RINO party is dead.

Long live the MAGA Party.


3 posted on 11/29/2023 10:05:17 PM PST by E. Pluribus Unum (The worst thing about censorship is β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆ β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ β–ˆβ–ˆβ–ˆβ–ˆ. FJB.)
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To: SeekAndFind

I’m not giving to them, but I get between three and eight political text messages from phone numbers not previously blocked, each day, with most being the House, Senate, or RNC committees.

They don’t respect my β€œSTOPs” and they just text on a different phone number, when blocked. With emails, I always remove my name, but they make a new list and put my name on that one, making me remove my name, again.

There is no end to the incessant requests from the GOP.

They are a scourge!


4 posted on 11/29/2023 10:11:43 PM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: NWFree

Viewers of the GOP debates...probably get more excited watching midget wrestling...than RINO-debating. I suspect the strategy is to bring public enthusiasm down enough...to help whoever replaces Joe Biden at the convention.


5 posted on 11/29/2023 10:23:02 PM PST by pepsionice
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To: SeekAndFind

Money donated to the RINO-National Committee is money that doesn’t go to MAGA candidates, election integrity lawsuits, etc. I returned their solicitation to me with their postage explaining they would get no money from me.


6 posted on 11/29/2023 10:34:19 PM PST by Dr. Franklin ("A republic, if you can keep it." )
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To: SeekAndFind

We’re tired of Bush-league GOP Establishment tricks


7 posted on 11/29/2023 10:37:13 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SeekAndFind

Maybe the people are tired of getting shat upon. I think it was about 20 years ago, I got a call from the RNC, asking for money. I thought, here is my chance to go off on this dude. First, I said this was not against him personally. I chewed that chump, up one side and down the other. I called him every thing but a white man. I didn’t get anymore calls.


8 posted on 11/29/2023 10:37:45 PM PST by Mark17 (Retired USAF air traffic controller. Father of USAF Captain & pilot. Both bitten by the aviation bug)
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To: SeekAndFind

The large donors are disappointed because Chris Christie cleaned out the whole buffet before any of them showed up.


9 posted on 11/29/2023 10:45:03 PM PST by x
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To: SeekAndFind

poor dears....


10 posted on 11/29/2023 10:47:57 PM PST by cherry
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To: SeekAndFind

good.

imho, the political savvy of republican voters is inversely proportional to the amount of money the RNC has.

or to put it another way: if the RNC has less money, then republican voters are getting smarter.


11 posted on 11/29/2023 10:51:17 PM PST by dadfly ( )
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To: SeekAndFind

Ronna McDamnit has to go!


12 posted on 11/29/2023 11:06:00 PM PST by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
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To: SeekAndFind

Effing RINOs.


13 posted on 11/29/2023 11:14:48 PM PST by nwrep
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To: SeekAndFind

The big donors and stubborn anti Trump Republicans have zero ability to stop the 45th President from being the 2024 nominee, outside of murdering Trump on 5th Avenue.

“They know it and we know it.”

I can hear these losers & suckers speaking among themselves:

Why don’t we have Republican super delegates like the democrats?


14 posted on 11/29/2023 11:21:13 PM PST by unclebankster ( Globalism is the last refuge of a scoundrel.)
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To: ConservativeMind

Same thing is happening to me and I am not even registered as a Republican anymore after 2021. Pretty ticked off.


15 posted on 11/29/2023 11:45:48 PM PST by MachIV
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To: SeekAndFind

People are sick and tired of a worthless cuck party that refuses to fight and rolls over to surrender the country everytime some “crisis” happens and Democrats scream “we must DO something(marxism)!” Republicans inWashington are nothing but Assistant Democrats. Screw them!

I left that worthless cuck party in 2021 and wished I had done so sooner.


16 posted on 11/29/2023 11:50:53 PM PST by MachIV
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To: SeekAndFind

many folks are contributing directly to President Trump’s campaign (or others?) and NOT to the GOP-E coffers


17 posted on 11/30/2023 12:05:31 AM PST by faithhopecharity (β€œPoliticians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: SeekAndFind

Chairman Reince Priebus = RNC flush with cash.

Chairwoman Ronna McDaniel = RNC low on cash.

Nuff said.


18 posted on 11/30/2023 12:21:12 AM PST by Mr. N. Wolfe
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To: MachIV

I left that worthless cuck party in 2021 and wished I had done so sooner.

********

I’ve been a registered Republican since 1989 and will remain in party, so I can vote for Trump in my state which has *closed primary.

However, I left the Republican ‘Reservation’ in 2004, 2008, & 2012 and voted for 3rd party candidates in the general elections

Bush in his 2nd term, McCain, & Romney were terrible candidates that I was unable support.

It’s hard at first to abandon a party that you grew up with, but the only way to implement change is to let the knuckleheads know, that just because you wear the Republican label doesn’t mean you’re entitled to my vote.

If we keep supporting republicans with the only condition being they aren’t democrats, we will continue to get Uniparty Republicrat politicians instead of MAGA.

*Closed primaries only allow voters registered to a political party to vote in their primaries.


19 posted on 11/30/2023 12:24:58 AM PST by unclebankster ( Globalism is the last refuge of a scoundrel.)
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To: SeekAndFind
I helped!

I contribute directly to candidates I favor, Never to the RINO-controlled party slush fund.

Almost no-one now remembers McCain-Feingold. One of the worst things John McCain ever did. Concentrated campaign funding in the hands of the top Party brass by restricting the amount any one person can contribute to a candidate. PACs of course did an end-run around the law, but it still has an effect.

20 posted on 11/30/2023 12:33:31 AM PST by Chad C. Mulligan
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