First report advises Dems to take out a $10 million loan:
On a conference call today, James Carville suggested that the Democratic Party should expand beyond just the top targeted races. He believes the party should help fund previously ignored Democratic challengers in second- and third-tier districts--the next 30 to 50 Republican-held seats--to fully capitalize on this environment and help those candidates maximize their chances of winning. Carville went as far as to suggest Democrats go to the bank and borrow $5 million. If I were them, I'd make it $10 million and put $500,000 each of these 20 districts.
http://cookpolitical.com/overview/default.phpSecond report references a loan from a previous arraignment, still citing the $10 million number, but with no facts, only this reference (emphasis):
DNC Takes Out Loan For DSCC
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. Snip...
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.
http://hotlineblog.nationaljournal.com/archives/2006/10/dnc_finds_more.htmlThird report cites a bogus website claiming that the DNC, DCCC, and DSCC are out of money:
Dems Pressure Kerry, Bayh to Give To DSCC
http://hotlineblog.nationaljournal.com/archives/2006/10/dems_pressure_k.htmlYet the DSCC beat the RNC in fundraising in September and has almost as much cash on hand as the RNC:
By JIM KUHNHENN, Associated Press Writer
Thu Oct 19, 2:33 PM ET
WASHINGTON - The Democrats' Senate campaign organization raised $13.6 million in September, outpacing the Republican National Committee and setting the stage for an expensive and brawling finish to the 2006 campaign.
Overall, Republicans still hold a financial advantage going into the final days of the campaign. The Democratic Senatorial Campaign Committee reported $23.1 million in hand, compared with $26 million reported by the RNC.
But the numbers show a closing trend for Democrats who have been lagging behind overall Republican fundraising.
"The fact that the Senate Democrats beat the Michael Jordan of political fundraising speaks to the fact that there is an enormous appetite for change in the Senate and in America," said Sen. Charles Schumer (news, bio, voting record) of New York, the chairman of the senatorial campaign.
But Republicans were also cheering their numbers, which represented the biggest fundraising month of this campaign season. The RNC raised $13 million in September.
more...Who is the National Journal's source for this information?