May 24th, 2010
01:45 PM ET
4 years ago

RNC document reveals bleak financial standing

An internal RNC document obtained by CNN reveals the organization has far less cash on hand than it has had in previous election cycles.
An internal RNC document obtained by CNN reveals the organization has far less cash on hand than it has had in previous election cycles.

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.

Read the RNC document here [pdf]

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.

To be fair, there was a Republican president in those years, and the GOP controlled Congress, so fund-raising was less of a challenge. Still, the giant gap in the RNC's financial standing compared to past cycles is a source of considerable grumbling among party leaders and activists who worry the GOP is not fully prepared to take advantage of a campaign year in which most of the fundamentals suggest huge Republican openings.

The internal RNC document also shows how this April was the first month in a year in which RNC disbursements were below $6 million. Average monthly spending by the RNC was $9.3 million, ranging from a high of $16.7 million in October 2009 (the month before governor's races in New Jersey and Virginia) to $5.7 million last month.

The Democratic National Committee says brought in $10.4 million dollars last month. The DNC also reports $15.1 million cash on hand, with $2.7 million in debt.


Filed under: JKUSA • John King USA • Popular Posts • RNC
soundoff (42 Responses)
  1. shaking my head

    its only because the racist radio talk show host's are raking in all the cash with their hate: Rush can surly bail them out: Com on Rush, Gipson, Nevhead... It s of Palin Flag and country!!!!!!

    May 24, 2010 01:50 pm at 1:50 pm |
  2. Anonymous

    Wow, really. First Mark Sanford now this. I will be supporting Vincent Sheheen (D).

    May 24, 2010 01:55 pm at 1:55 pm |
  3. Victim of George W's ECONOMY

    That's because Rethuglican'ts don't have any credibility anymore. Who wants to send donations to the Party of NO. What would they do with the money, anyway?
    It's not like they are ACCOMPLISHING anything.
    ALL donations would just be lining the pockets of the Grand Ole Oposition Party, or as I like to call them, GOOP.
    The Republicans will continue to see those coffers run dry.
    The Party of No has now met the PEOPLE OF NO WAY!!!

    May 24, 2010 01:56 pm at 1:56 pm |
  4. katiec

    The republicans have done it to theirselves.
    Their obstruction on anything concerning the survival of our country, their lies, fear mongering, hypocrasy have made most intelligent Americans realize they do not want what happened those last eight years to reoccur and the republicans are making no steps for improvement.

    May 24, 2010 01:57 pm at 1:57 pm |
  5. Ferret out the BS

    Too many strip club outings

    May 24, 2010 01:58 pm at 1:58 pm |
  6. geecee

    Hope this porltends how badly the Repubs will do in 2010 mid-terms.

    May 24, 2010 02:00 pm at 2:00 pm |
  7. Tulsa

    HHHmmmmmm, so it looks like just saying "NO" doesn't work all that well.

    The legislation from this administration and Congress isn't great. Granted. There are things for everyone to dislike in almost every bill. However, standing still, or in the t-p'rs view, going BACK, is not good for anyone.

    Instead of saying no, try adding something to the discussion. Something realistic, not "lower taxes on the wealthy", "de-regulate" and "cut everything that's not defense". We're beyond that too.

    I'm not attacking here, just offering a little constructive criticism.

    May 24, 2010 02:02 pm at 2:02 pm |
  8. Claudia, Houston, Tx

    They're still looking for a reason to fire RNC Michael Steele and when they do their funding will increase. The RNC will give many reasons why their funds increase but will never admit the real reason which we all know. Watch out for their spin on this one.

    May 24, 2010 02:04 pm at 2:04 pm |
  9. Uncle Sam

    Liberals should have it easy this year...

    May 24, 2010 02:05 pm at 2:05 pm |
  10. Bill

    Is anyone surprised? The party of no can not raise money because of poor management and an utter paucity of ideas. Good luck taking the senate and house! Let's see – - – 40 seats in the house and ten in the senate. Ho Ho Ho.

    May 24, 2010 02:08 pm at 2:08 pm |
  11. JR

    If it is not true, she does not have any option other than to sue the alleged lover.
    If she does not, then it is true.

    May 24, 2010 02:13 pm at 2:13 pm |
  12. Thank God I am a Democrat

    "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."

    Why is there concern over the RNC spending practices? They are for the party that is fically conservative and promotes less spending. They couldn't possibly be spending to much. Why that would be hypocritical of their beliefs. Thats so unlike the right wing to overspend and be hypocritical. Just ask the Bush admin.

    May 24, 2010 02:14 pm at 2:14 pm |
  13. Bob of Lompoc

    Republicans running out of money? Goodness, what next, the repeal of the Law Of Gravity?

    And this right after the revelation of some hanky panky outside the marriage of SC Republican Governor Candidate Ms. Nikki Haley. I guess all the Republicans can say is "Oops". And it's only a few days since Ms.Haley was endorsed by Ms. Palin. Don't you just hate it when that happens?

    "Nikki don't lose that number".

    Democrats: God has sent us Haley and Palin because we have been behaving well. Keep it up. Don't you just love this sort of thing?

    May 24, 2010 02:15 pm at 2:15 pm |
  14. Dano

    I guess the GOP donors have become tired of their donations being treated as their politician's personal bank accounts and financing $200 haircuts and junkets to swingers clubs?

    May 24, 2010 02:17 pm at 2:17 pm |
  15. ja

    the most expensive process with least desirable results both parties

    May 24, 2010 02:17 pm at 2:17 pm |
  16. Marry

    Well, perhaps the candidates should consider the possibility of running on their merits instead of only money. But then, they do not have too many merits to run on. Good reason to get nervous.

    May 24, 2010 02:22 pm at 2:22 pm |
  17. Take America Back

    The votes are much more important than the money!
    I personally believe there is far too much importance place on treasury, the greatest issue in this race is being decided by Obama and the Democratic party as we speak.......they have decided that we need a socialistic and entitled nation. But (thank God) the majority of Americans are seeing through this and will "Vote the The Bums Out" regardless of party affiliation!

    May 24, 2010 02:23 pm at 2:23 pm |
  18. BeverlyNC

    Since no American will admit to being a Republican because of the Party's extremism, no leadership, policies of hate, fear, racism, and violence-inducing speech.

    Republicans have worked against our nation all year by playing political games with the lives of working families. They don't care about the People, they only care about the big corporations who line their pockets with money and perks.

    Where is the Republican outrage over the BP Oil spill? They have none because they care more about themselves than the damage being done to our country, our People, and our environment. They stood up for the corrupt banks and fought financial reform. They stood up for the health insurance companies who kill us for profit. Who are these inhuman, ammoral, anti-Americans???

    Republicans are dangerous to America and our future. No wonder no one will give them any money. What sane person would support Republican domestic terrorists??

    May 24, 2010 02:23 pm at 2:23 pm |
  19. josephine

    Palin's got all the money. Now, do you still consider her an idiot? Didn' think so.

    May 24, 2010 02:29 pm at 2:29 pm |
  20. FRANK - LAS VEGAS

    As much as the GOP talks about people being angry at congress, what they don't seem to understand is that the majority of Americans are angry at the GOP for their obstructionism and being the party of NO when America needs action. All they hear is the very loud 20% who call themselves the Tea Baggers. Their intake of money proves that. The GOP hasn't figured out that you can't win elections with 20% of America.

    Vote NO in NOvember to the party of NO.

    May 24, 2010 02:30 pm at 2:30 pm |
  21. Don

    Thanks to the recent Supreme Court ruling this is meaningless. More republicans means more unregulated business think of the BP spill as a minor problem compared to a nuclear leak. We still don't know what to do with the waste.

    May 24, 2010 02:34 pm at 2:34 pm |
  22. johnnyhouse

    They should not need a dime to get elected. Just say," I am against the present situation", promise to pass term limits that will get rid of every politician up there that has been there more than 6 years. Live by the same standards you obligate the public too and let all laws apply equally to elected officials. Fire all of the Czars and let Congress approve all replacements as should have been done.We need to know who is running our affairs. I don't think we want a Chicago like government .

    May 24, 2010 02:37 pm at 2:37 pm |
  23. Gil

    They are all fat cats and could chip in from business, banking and oil to get their Party of Nothing and No back on their claws!

    May 24, 2010 02:42 pm at 2:42 pm |
  24. Libertarian

    Looks like the "fiscal conservatives" aren't watching their own store.

    Didn't Steele spend about $20k redecorating his office? LOL
    Then didn't a bunch of the "committee members" go on a spending spree in California staying at 5 Star hotels and dining at $300/plate restaurants? Oh yeah...and they stopped by that strip club.

    Our system (both parties) is sooooo corrupt it makes me cringe to think either side wants us to have confidence in them.

    May 24, 2010 02:50 pm at 2:50 pm |
  25. Jack

    Yeah, the GOP has found itself in dire straits because it has become a self-devouring organism. You have the ultra-conservatives/teabaggers demanding a purge within the party. There is no room for the pragmatic moderate/conservative. The party is being consumed by strict ideologues and extremists that are marginalizing the party. The Democrats experienced the same thing in the 70s when ultra-liberals took the party down an ideologically pure road and lost power along the way. The American public is moderate with some liberal and some conservative tendencies. There is room for compromise but not among the extremist/fringe..

    May 24, 2010 02:52 pm at 2:52 pm |
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