Despite weeks of Democrats ranting and raving about dubious claims Republicans are flooding the elections with corporate cash from foreign sources, Politico weighs in today with a reality check. It turns out Democrats might actually be spending more money this cycle then Republicans:
To hear top Democrats tell it, the party is being wildly outgunned this year in the fight for campaign cash as Republicans rely on outside groups to funnel money to GOP contenders.
But the numbers tell a different story.
It’s true that conservative third-party groups are outspending their Democratic rivals. But the Democrats still have a sizable cash advantage in their party committees – making this year’s elections a lot more of a fair fight than Vice President Joe Biden and House Speaker Nancy Pelosi let on.
So far, the latest figures show that the Democratic Party machinery has outraised its Republican counterpart in this campaign cycle by almost $270 million.
And even when outside spending on television advertising and direct mail is added to the mix, Republicans still haven’t closed the gap.
The money race totals come to $856 million for the Democratic committees and their aligned outside groups, compared to $677 for their Republican adversaries, based on figures compiled by the Center for Responsive Politics.
Included in that total: conservative groups have spent $169 million on ads attacking Democratic House and Senate candidates, compared to $80 million by liberal-leaning groups, based on figures as of Tuesday morning.
Tabulating how much is spent is a complex issue, so read the whole article. Nonetheless, the idea the Democrats have a huge cash disadvantage is nonsense. Democrats are losing big for a lot of reasons, but money isn’t necessarily one of them.