Democrats Outpacing Republicans in Building 2008 Congressional Warchests

[babylonsister]

Democrats Outpacing Republicans in Building 2008 Congressional Warchests
By Greg Giroux | 6:23 PM; Sep. 21, 2007

The Democratic Congressional Campaign Committee (DCCC) raised $3.5 million in August, about $1 million more than its partisan counterpart, the National Republican Congressional Committee (NRCC).

The two House campaign committees, in a money race to help their party’s chances in the 2008 election, released the figures in detailed campaign reports to the Federal Election Commission filed Thursday.

The DCCC’s August take brought the organization’s year-to-date receipts to $44 million. Because the DCCC has spent only about half of the funds it has received, it began September with $22.1 million in the bank — a robust sum that is substantially higher than the $7.9 million that the DCCC banked at this point two years ago, in the runup to the party’s successful 2006 campaign. The DCCC had $3.1 million in debts as September began.

The NRCC’s financial picture is much different. It has raised $34.6 million this year and spent $34.4 million — or nearly all of it. The NRCC has just $1.6 million in the bank and is carrying $4 million in debt.

Democratic Congressional Campaign Committee (DCCC)

• Total receipts, August 2007: $3.5 million

• Total receipts, year to date: $44 million

• Total disbursements, August 2007: $2.7 million

• Total disbursements, year to date: $22.6 million

• Cash-on-hand, August 31: $22.1 million

• Debts, August 31: $3.1 million

Notable contributions from individuals

• Michael Eng, a member of the California Assembly: $4,000

• Garrett Gruener, venture capitalist with Alta Partners and the founder of “Ask Jeeves” (now ask.com) who was a Democratic candidate for governor of California in a 2003 recall election: $28,500

• Frank McCourt Jr., owner of the Los Angeles Dodgers professional baseball team: $25,000

• Harold W. Nix, founding member of Nix, Patterson & Roach law firm: $28,500

• Charles Ortner, partner at Proskauer Rose: $28,500

• Joe Uva, chief executive officer of Univision Communications Inc.: $2,500

• Bruce Wasserstein, chairman and chief executive officer of Lazard: $14,250

Notable contributions from campaign committees of House Democrats

• Jerrold Nadler, New York: $37,500

• Jose E. Serrano, New York: $30,000

• Carolyn Cheeks Kilpatrick, Michigan: $30,000

• Jim Langevin, Rhode Island: $25,000

• David E. Price, North Carolina: $24,000

rethug list at link:

http://www.cqpolitics.com/2007/09/democrats_outpacing_republican.html

[robinlynne]

1. I guess that's why they don't give a damn about what we the people think...

[Tom Joad]

2. the big boys know who the winners are going to be.