Are Democrat donors bearish on their party's future?
The Democratic National Committee raised $3.2 million in February, a strikingly low take for a financial juggernaut led by President Barack Obama and his legions of grass-roots supporters who helped him shatter campaign fundraising records.
Even the committee's Republican counterpart raised more — $5.1 million — last month and did so under more difficult circumstances. The GOP was coming off of a disastrous election in which it lost the White House and saw its numbers in Congress shrink further. New GOP chairman Michael Steele also had a rocky start.
Overall, monthly reports being filed Friday with the Federal Election Commission show the Republican National Committee in healthier shape than the Democrats as both parties start raising money for special congressional elections and governor's races in Virginia and New Jersey this year, as well as congressional elections in 2010.
The DNC reported $8.6 million on hand and $7 million in debt, while the RNC reported $24 million in the bank and no debt.
CEOs Push Back on Bonus Tax
A Hidden Agenda Behind the 90 Percent Tax?
You see, taxes matter. They hugely impact economic behavior. The whole economic system is run on incentives to work, invest and take risks. And it must pay, after tax, to ignite the entrepreneurial activity that really drives the economy. Like it or not, our free-market capitalist system is driven by the economic activist, provided he or she is properly rewarded.
Maria Shriver: Obama Special Olympics 'joke' hurts
Maria Shriver says the reaction to Obama's joke shows there is still more work to do. She says laughing at such comments "hurts millions of people throughout the world."