Posted on 08/20/2011 8:54:08 PM PDT by quantim
WASHINGTON (AP) -- The Democratic party's fundraising slowed in July, hurt by the cancellation of events headlined by President Barack Obama as he negotiated a debt ceiling deal with Republicans.
The Democratic National Committee raised $6.7 million in July, including $2.2 million for the Obama Victory Fund, a joint fundraising account by the DNC and Obama's campaign. The Republican National Committee raised $6.1 million during the month.
Summertime is typically a slow period for political money as many donors are on vacation and few events are held. July was the DNC's lowest monthly amount since Obama launched his re-election campaign in April - the party raised about half of what it had collected in previous months.
Obama did not attend any fundraisers in July and Democratic officials said most of the victory fund money came from events held by first lady Michelle Obama, Vice President Joe Biden and others. Through the end of July, the DNC reported $20.1 million in the bank. It ended the month with $11.2 million in debt.
(Excerpt) Read more at hosted.ap.org ...
RNC has huge debt left over from the Michael Steele days, some $24 million now down to $17 million, all that money wasted to prop up RINOs.
They could raise $10 billion, but it won’t bring down unemployment, increase the labor participation rate, or hold off inflation via money ‘printing’. Those are the numbers that matter.
The DNC has a tough sales pitch to their donors.
“Give us your money so we can give you higher unemployment, more foreclosures, greater debt and international ridicule.
Ah, but we’ll also give you free health care (shiny object)...”
People make more than q Million a year is down 39%.
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