GOP Gains Momentum In Fundraising Race
Christopher Weber
Correspondent
Posted:
10/20/09
For the first time since the '08 election, Republicans are raising more money than Democrats, and the GOP hopes that's a sign its fortunes will change at the polls next year. Following up on its weekend fundraising analysis, The Wall Street Journal reports Tuesday that the Republican National Committee brought in $8.8 million in donations in September, compared with $8 million for the DNC. It was the second straight month that Republicans had the edge.
Another good sign for the RNC: an increasing amount of money is coming from so-called "small donors," individuals who give less than $200. If that trend continues, it means Republicans can rely less on political action committees and hopefully energize the base to open their wallets. "As Republicans raise more money, that will feed the Republican optimism," nonpartisan political analyst Stu Rothenberg told the WSJ.
Democrats still have the overall cash-on-hand lead, however, with $139.4 million raised to date compared to $125 million for the GOP.
Another good sign for the RNC: an increasing amount of money is coming from so-called "small donors," individuals who give less than $200. If that trend continues, it means Republicans can rely less on political action committees and hopefully energize the base to open their wallets. "As Republicans raise more money, that will feed the Republican optimism," nonpartisan political analyst Stu Rothenberg told the WSJ.
Democrats still have the overall cash-on-hand lead, however, with $139.4 million raised to date compared to $125 million for the GOP.