Sunday, March 22, 2009

Money For Democrats Dries Up

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."


Clay Bowler said...

OH, but the press would have you believe it's the Repbulicans who have died.

Anonymous said...

This is not a good thing. I don't think the demo party is important any longer. One could bet billions are stashed for the O party via the rushed spending bills that nobody reads. They have the money, and soon all the youth will be forced into the national zombie army to enforce it. On the bright side,....I guess there is no bright side.

Jessica said...

CB: Americans are starting to see that Obama is not the harmless, lovable fuzzball they thought he was.

M: One day America will be more like Venezuela, and one day we will have our own Hugo Chavez, but we're not there yet.

Franklin's Locke said...

This trend with continue for the DNC. They have infuriated the big money donors at Wall Street with their taxes and now the vilifying of the wealthy. This is great for the GOP if they can capitalize and embrace their Conservative principles. They could take back Congress and reverse a lot of this Socialist nonsense.

Anonymous said...

Silly me, I thought that all Americans were supporting the US President.

suek said...

Well, Brother...
If you thought that, then you _were_ silly.
At least some of us are not if favor of "CHANGE" when it means that we move from capitalism - which made this country great - to Communism, which has never been successful.

Brother Obama may not claim membership in "the Party", but he sure has the goals down pat.

RightKlik said...

FL: I think you're right. I'm not sure that the GOP really understands how desperately they need to change their ways, but I would estimate that about 1/3 of the country is very angry. An increasing number of people who naively believed Obama's promises are starting to wake up.

GHB: What president has ever enjoyed the support of all Americans?

suek: Imagine how much more support Obama would enjoy if he truly embraced capitalism.