RNC document reveals bleak financial standing

[Ian David]

Washington (CNN) - An internal Republican National Committee document obtained by CNN paints a damning picture of the committee's financial standing compared to the past five election cycles.

The document, pulled together during a recent review sparked by concerns over RNC spending practices, said the committee had $12.5 million in cash on hand at the end of April.

By comparison, the average cash on hand at the end of April from 2002-2009 was $40.4 million. And that average includes the odd numbered years when there are fewer election contests.

Looking only at even-numbered years, this year's $12.5 million end of April COH is less than one-third the amount the RNC had on hand on April 30 for the 2002 ($47 million) and the 2006 ($44.6 million) midterms.

More:
http://politicalticker.blogs.cnn.com/2010/05/24/rnc-document-reveals-bleak-financial-standing/?fbid=M0P559RLvMX



Hat-tip to: http://twitter.com/Shoq/status/14638921464

[Kdillard]

1. Michael Steele at your service.

[movonne]

6. I really believe he is working undercover for the dems...

[Cha]

10. One could understand

why you would think that.:)

[krawhitham]

11. Be nice, strip clubs are not as cheap as they use to be

[WhiteTara]

2. KKKarl is siphoning the money to his

campaign accounts. Otherwise I would cheer. Don't the good news get you excited.

[AndyA]

3. The RNC could save some money by firing Michael Steele.

He isn't doing much anyway.

Oh, wait...every time he opens his mouth it makes the GOP look bad. Nevermind. ;)

[LiberalFighter]

4. I received a call from the Republican Senate Committee on Saturday

They were soliciting contributions. Their recording was from McConnell. They hung up after their first survey question didn't receive the expected response.

[AndyA]

9. Let me guess...the first survery question was: "Are you an idiot?"

If you answer no, call ends. :rofl:

[KingFlorez]

5. What great news

The more they screw themselves up, the better.

[Junkie Brewster]

7. It couldn't have happened to a nicer party

:evilgrin:

[ej510]

8. The third parties will more than make up for it.

Repugs will have more resources come fall. "CORPORATE MONEY"

[tanyev]

12. They should hire Nelson Muntz as the new Chief of Staff.

[Phx_Dem]

13. Yeah, but Rove's shadow group is raising a ton of cash. n/t

[Thrill]

14. They'll blame it all on Steele

[Tarheel_Dem]

15. I think Steele is history after the mid terms. They can't afford to dump him before...

because the last three (3) black republicans might revolt.