Internal RNC probe finds financial controls in disarray

[kpete]

Source: Washington Times

Internal RNC probe finds financial controls in disarray

By Ralph Z. Hallow

Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending more money courting top-dollar donors than it raises.

The investigation found that the Republican Party's national governing body is losing money on its major-donors' fundraising program -- spending $1.09 for each $1.00 raised, according to RNC members privy to the investigation's findings. It typically costs about 40 cents for every dollar raised from donors who give more than $1,000.

The investigation also found that the RNC has allowed employees to forge Finance Director Rob Bickhart's initials on expense-reimbursement request approvals, according to an RNC member who spoke on the condition of anonymity for fear of retaliation. The RNC's top elected and appointed management have united in defense of the committee's practices. RNC Chairman Michael S. Steele can withhold or increase RNC contributions to a state party.

The Washington Times obtained a copy of a report on the investigation -- prepared by RNC Treasurer Randy Pullen -- that he sent to the 28-member RNC Executive Committee before a conference call hastily scheduled for Wednesday afternoon by Mr. Steele's office. It includes some of the findings.

Read more: http://www.washingtontimes.com/news/2010/apr/22/internal-rnc-report-details-mismanagement/

[Bitwit1234]

1. Geepers Creepers

this...is the party of fiscal responsibility. The Obama administration is spending money for the benefit of the American People. Trying to get the country back on track.

But the GOP that wonderful wonderful party of fiscal responsibility is taking the money their constituents have donated and are using it for parties, vacations, spas, strip joints. tsk tsk tsk. and the want the public to ignore it.

[TheOther95Percent]

2. GASP!

You mean that the Party of Fiscal Responsibility has no fiscal responsibility? I'm shocked. Shocked, I say.

[happygoluckytoyou]

3. RELATED STORY- GOP spends 1.09 to get 1.00 but claims to make it up in volume......

I DONT ACTUALLY THINK WE SHOULD TELL THEM HOW THIS IS SUPPOSED TO WORK..... capitalism at its finest ! ! ! (also darwinism)

[StopTheNeoCons]

4. This is also how they run the country into the ground as well....end

[tanyev]

5. Financial controls? We don't need no stinking financial controls!

Republican free market at its finest.

[The Backlash Cometh]

6. Thank God they're limited by the flaws of capitalism.

It's the only thing that reins them in.

[Qutzupalotl]

7. From the Moonie Times, no less.

You know it's bad.

[underpants]

11. This is a fund raising letter

IMHO

[Wednesdays]

8. It's not unusual to find "RNC" and "probe" in the same headline these days.

:think:

[samsingh]

9. this is what they did to the country

so much for the fable that the gop is good financially.

they're a disaster in every way.

[SpiralHawk]

10. These so-called 'conservative' republicons also ran AMERICA'S Economy into the crapper

Republicons are the ultimate Economic FAIL Freaks -- as they prove over and over and over.

[truthisfreedom]

12. Ding ding ding ding ding! We have a winner! This explains everything!

They ran our economy into the ditch and they're now running their own party into one, morally, economically, and politically!

[4_TN_TITANS]

13. This bit of news

will be the final nail in the coffin for any true conservative Republicans that might left. I know I'd be very pissed at the Dem leadership if this was happening to us.