Money Money Money in 2008

by: Matt Stoller

Sun Mar 23, 2008 at 21:04


Money tends to be a statement of priorities.  And while the Democrats might look divided, the fundraising cycle is just horrible for the GOP.  It's not just John McCain's poor numbers.  The National Republican Congressional Committee (NRCC) is in even worse shape than previously understood.

As the National Republican Congressional Committee last week released the first details of the accounting scandal involving former Treasurer Christopher Ward, the committee's top official also asserted for the first time that the debt left over from the 2006 elections was actually in the range of $19 million.

NRCC Chairman Tom Cole (Okla.) had previously said that the committee's debt from last cycle was about $16 million, even though the highest amount reported to the Federal Election Commission was $14.5 million.

That's outright fraud, which cuts at the trust large donors have in the committee.  And frankly, this could be more widespread in the GOP than it appears, as Ward was the treasurer for multiple committees.

Meanwhile, on the Democratic side, large resource sets are being deployed, anywhere from $150M to $400M to win the Presidency and pick up a filibuster-proof majority in the Senate.

The commitments from participating organizations, who have banded together to "Take Back America" --

AFL-CIO - $50M program, targeting labor households, of course

Women's Voices Women's Vote Action Fund - $30M, targeting single women

National Council of La Raza - Democracia USA -- $4M - $6M

ACORN - $35M, targeting households in communities of color

Rock the Vote - $10M

Move On - $30M

The groups' effort will be supplemented by related PAC activity -- to the tune of $200M

And Change To Win - $100M

Todd Beeton explores this with this excellent post.  I expect that McCain's favorables among union members - which right now are quite high - will decline as members hear from their union that McCain voted against overtime pay, against the minimum wage, and for the far right-wing economic agenda.  The AFL-CIO and Change to Win budgets will see to that.

Rock the Vote and Women's Voices Women's Vote are both substantially ramped up.  WVWV is a remarkable organization with a proven model tackling an immense civic challenge: the large number of unregistered single women.  I would expect districts that have lots of them to shift their voter universe and makeup quite substantially, so any budding demographers that want to figure out where the single unregistered women are located will have a leg up in understand which districts and states will be better pickup opportunities.  I don't yet understand Rock the Vote's strategy, but the youth space is exploding with innovation.

Moveon's budget is not substantially larger than it was in 2006, but they have become more effective at using their members for phone banking and GOTV.  It's a pretty impressive set of outside actors, frankly, and one that has gotten better and better at working together over the last six years.

Matt Stoller :: Money Money Money in 2008

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good news, but (0.00 / 0)

That all sounds good, but I don't think comparing the numbers for the NRCC with numbers for Take Back America is fair.  I'm sure there is lots of money on the right for attacking Democrats...  doesn't Ari Fleischer's organization (Freedom Watch?) already have $250 million?

Yeah. (0.00 / 0)
    I think that group will focus on launching attack ads on the Democratic presidential nominee.  Conservatives are much happier attacking liberals than organizing.

John McCain lets lobbyists shape his economic policy

[ Parent ]
I don't think they have .. (0.00 / 0)
$250 million yet ... I think that is the goal ..  besides .. from what I understand it .. a lot of that money is supposed to come from Sheldon Adelson(yeah, the Les Vegas casino mogul)

[ Parent ]
This comment makes now sense. (0.00 / 0)
" I expect that McCain's favorables among union members - which right now are quite high - will decline as members hear from their union that McCain voted against overtime pay, against the minimum wage, and for the far right-wing economic agenda.  The AFL-CIO and Change to Win budgets will see to that."

They have a contract. If you were a union member you would know that,

Clinton in '08. Or give Carter a 2nd term. Vote for Obama!


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