October 14th, 2008
01:54 PM ET
10 years ago

Republicans consider loan to help Senate incumbents

 Analysts say the November election could give Democrats a filibuster-proof majority.

Analysts say the November election could give Democrats a filibuster-proof majority.

(CNN) - Amid a string of polls that suggest Democrats could be in striking distance of reaching a filibuster-proof majority, the Republican National Committee is considering taking out a loan to help endangered senators in key battleground states, a GOP strategist told CNN Tuesday.

The news comes a week after the RNC announced it had raised $66 million in September, its best fundraising month ever. But in an effort to keep pace with Barack Obama's cash advantage over John McCain, those funds are going entirely toward the presidential race.

Related: Can Dems reach 60?

Meanwhile the National Republican Senatorial Committee has been largely outspent by its Democratic counterpart this cycle and the possibility of Democrats getting to the magic number of 60 seats in the Senate has become likely in the wake of the economic crisis.

It's unclear what the size of the loan might be, but Politico reported Monday the amount could be as high as $5 million.

Filed under: Senate
soundoff (95 Responses)
  1. Vickie

    This is a joke..right????????????

    October 14, 2008 05:14 pm at 5:14 pm |
  2. al in memphis

    Does the trickle down economy apply to politicans running for office? I thought the last two attempts to push capital gains tax decrease would surely have increase the GOP contributions.
    Maybe they see that in tough times, the greedy become stingy...

    October 14, 2008 05:15 pm at 5:15 pm |
  3. Hans-Erik Iken

    No credit crunch or freeze for them I guess... They must still be solvent, unlike the banks they used to control I guess 😉

    October 14, 2008 05:17 pm at 5:17 pm |
  4. Rick CT

    The last time we had a democrat president and a filibuster-proof Senate was when Jimmy Carter was president. Loved the double-digit inflation, high unemployment and 12-16% mortgages that were available at that time. Gee, I hope it happens again.

    October 14, 2008 05:23 pm at 5:23 pm |
  5. DB25

    So Republicans can take out a loan for millions of dollars to try and stop Democrats from making gains in the Senate, but the average American can't get a car or a home loan because of the credit squeeze? AMAZING.

    October 14, 2008 05:25 pm at 5:25 pm |
  6. Average American

    Just like Bush's policy for the last 8 years: overspend, borrow, overspend, borrow.

    I'm sure they'll find a way for the taxpayers to bail them out too!

    October 14, 2008 05:25 pm at 5:25 pm |
  7. rusty

    That is an interesting way to do fundraising...just take it from the people, in the form of a loan...priceless.

    October 14, 2008 05:28 pm at 5:28 pm |
  8. Vence

    I got something that may help you to decide who's to blame for this mess. I just hope it be posted.

    Title “how to turn the United States in a third world country step by step”. By George W. Gush

    1.-How not look for terrorist in their country of origin after a terrorist attack in USA?
    2.-How can a VP invent a war at any country?
    3.-How can nonexistent WMD be used efficiently to destroy a country?
    4.-How to spend 10 billions a month in a country with 75B a year surplus?
    5.-how to spend 400 millions a year in three countries for war on drugs?
    6.-How to establish justice, democracy and equality to rebuild two Muslim countries with highly trained and overpaid contractors?
    7.-How to have “run for your life plan” for natural disasters?
    8.-How to let other nations help after a natural disaster while the country is at war?
    9.-How to have a good rescue plan after 1500 deaths in Katrina?
    10.-How to build a 700 miles wall to prevent natural disasters, avoid terrorists, and please Republicans?
    11.-How to give big oil companies free will?
    12.-How to pick between gas or food for survival?
    13.-How to scare people to invest in the country denying human and civil rights and liberties?
    14.-How to fingerprint visitors as criminals to scare investments?
    15.-How to tag opponents as traitors and fire prosecutors for political purposes?
    16.-How to create a watch list for any who disagrees with government?
    17.-How create security and confidence in the country eavesdropping at everybody?
    18.-How to disclosure a spy for political revenge against her husband and maintain innocence?
    19.-How intent to try to catch the most wanted terrorist in a strange country for distraction?
    20.-How tag immigrants as terrorists to please republicans and right-wingers?
    21.-How to crack down on cheap labor workers to increase the value of basic goods?
    22.-How not to push an immigration reform to help the economy with the biggest fine in history to please neo-cons?
    23.-How to deregulate the market and give free will to banks an executives?
    24.-How to increase patriotism in the country, and let China to sale the American flags?
    25.-How to export high tech jobs to China and India and blame on immigrants?
    26.-How to buy from China oil processed goods made with oil from Saudi Arabia?
    27.-How to hide from people economic differences and ties between USA, china and Saudi Arabia?
    28.-How to lose friends and allies in the world and see adversaries banding together?
    29.-How to make believe voters that the fall of the USA would be military not economic?
    30.-How to concede the economic lead to Europe for admiration on other cultures?
    31.-How to avoid impeachment in a bipartisan congress?
    32.-How to ensure all of the above with a big fan and his amazing pick for reelection?

    October 14, 2008 05:29 pm at 5:29 pm |
  9. milo

    Are they really spending all the money on McCain?

    I had read elsewhere that they were spending less and less on his behalf as his chances looked worse and as senate and house folks needed more help.

    October 14, 2008 05:30 pm at 5:30 pm |
  10. milo

    "have the Dems not been in control for a while now??????"

    No, they haven't, I'm not sure where you got that idea.

    Sure, they control congress but Bush can veto anything he doesn't like.

    October 14, 2008 05:33 pm at 5:33 pm |
  11. John

    Isn't that Ironic!

    The Republicans are against money to Save the American Economy, but they want Money to Save Themselves! The Hypocrits!

    October 14, 2008 05:36 pm at 5:36 pm |
  12. S. Boatman

    The Republicans Always Claim Fiscal Conservation, Then They Borrow And Spend Leaving The Debt To Our Children! People Are Not Donating To The Republican Campaigns Because They Dont Want You In Office Anymore! Spend All Your Money On The Lame Mccain Horse So You Can Loose Your Seats All Around!

    October 14, 2008 05:37 pm at 5:37 pm |
  13. No Hillary = No Obama

    A comedy troupe is holding a going away party for George Bush in San Francisco. Maybe the Repubs can ask for donations. George Bush – one fine mess. Oh what a tangled web we weave when at first we practice to deceive. He will go down in history as the most inept, corrupt, cronie-plagued idiot that ever sat in the White House. That's why Obama looks so good – because Bush looks so bad. I have a feeling Obama is probably as inept as Bush in the leadership department.

    October 14, 2008 05:38 pm at 5:38 pm |
  14. Harry

    Proof that Americans no longer support Republicans!

    The Republicans have destroyed themselves and America over the last 8 years!

    October 14, 2008 05:41 pm at 5:41 pm |
  15. America where are you at!

    McCain is so long in the wind and he need to fade away like a good soldier, his allowance of hate speech, and the constant lies has hurt our country, we look so goofy to the world, and he put a complete nutcase from Alaska who put her son in danger on the ticket.

    October 14, 2008 05:48 pm at 5:48 pm |
  16. Brian

    AHAHAHAHA After foiling any hopes McCain may have had in this election (and there weren't many) with a slew of negative ads, the RNC is abandoning him to try and save all their sinking ships in congress.

    If I was a republican congressman, I wouldn't want their "help" after seeing what they did to McCain!

    October 14, 2008 05:49 pm at 5:49 pm |
  17. Brian

    Hey Jacob, you ignoramus, the Dems have had control of congress for less than two years.

    Before that, George W. had two republican congresses, one of which was labeled the worst "do nothing" congress in American history.

    There's plenty of blame to go around, but don't try and tag the democrats with this economic disaster we've been left with!

    That's like a frat lighting their own house on fire and then blaming the firemen as they burst through the door to put out the fire!

    October 14, 2008 05:52 pm at 5:52 pm |
  18. Pat in IL

    If they would campaign like grownups, and nix all those negative ads, the money they do have would go a lot farther!

    October 14, 2008 05:55 pm at 5:55 pm |
  19. Dave in Illinois

    Heaven help the taxpayers who actually pay taxes if the liberal Democrats get their super majority and a rubber stamp president too.

    October 14, 2008 05:56 pm at 5:56 pm |
  20. Franky

    Look at that, the GOP raises enough money for themselves but have no choice and hook Senator McCain up. So much for the Maverick and his ideas...

    By the way, where the heck is all this money is coming from??? I just thought about that! LOL!!!

    October 14, 2008 05:57 pm at 5:57 pm |
  21. Joel Miller

    Jacob: take a look at recent history. Since 1980 there have been 20 years of Republican Presidents to 8 years of Democratic Presidents. Republicans have been the majority controllers of both houses of Congress for most of that time as well.

    October 14, 2008 05:59 pm at 5:59 pm |
  22. keeth in california

    Republicans in power in Congress from 1994-2006.
    Republican president in the White House from 2001-2009.
    Democrats in power in Congress from 2006-2008.

    Don't try to blame all the recent economic problems on Democrats only.

    October 14, 2008 06:00 pm at 6:00 pm |
  23. BJGT

    William Timmons, the Washington lobbyist who John McCain has named to head his presidential transition team, aided an influence effort on behalf of Iraqi dictator Saddam Hussein to ease international sanctions against his regime.

    The two lobbyists who McCain aide William Timmons worked closely with over a five-year period on the lobbying campaign later either pleaded guilty to or were convicted of federal criminal charges that they had acted as unregistered agents of Saddam Hussein’s government.

    During the same period beginning in 1992, Timmons worked closely with the two lobbyists, Samir Vincent and Tongsun Park, on a previously unreported prospective deal with the Iraqis in which they hoped to be awarded a contract to purchase and resell Iraqi oil. Timmons, Vincent and Park stood to share at least $45 million if the business deal went through.

    October 14, 2008 06:03 pm at 6:03 pm |
  24. Beverly, NYC

    Throwing good money after bad all the way around. Glad I nveer check that box on my tax return. I reserve the right to give to the candidate of my choice. For a party that preaches against big government and fiscal responsibility they sure don't practice what they preach.

    October 14, 2008 06:04 pm at 6:04 pm |
  25. Doug

    McCains biggest mistake was being honest and keeping his word on accepting public financing. He should have gone back on his word when it was politically prudent to do so like.........Obama. Obama doesn't care what he says, he just cares about what he says at the time. It's all about convienence McCain. Come on, your going up against a Democrat.

    October 14, 2008 06:07 pm at 6:07 pm |
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