Robert Stacy McCain @ The Other McCain:
The official Federal Election Committee reports for September are out, and Debbie Wasserman Schultz’s DNC is a complete wreck. The Democrats ended September with cash on hand of $4.6 million, compared to the Republican National Committee’s $82.6 million.
That’s nearly an 18-to-1 cash advantage for Republicans.
Worse still for the DNC, they had to take out loans to pay the bills so that they owed $20.5 million at the end of September, meaning that that (subtracting cash on hand from total debt) they were $15.9 million in the red — essentially bankrupt. Wasserman-Schultz’s committee only raised $3.7 million in September; at that pace, it would take them more than four months to clear their debt, even if they didn’t spend another dime in the meantime.
Somehow, this seems an apt metaphor for the Obama era.
Now, go back to something I reported at The American Spectator last month when I was in Ohio, and Obama was leading the polls:
No one doubted that the party of the rich would ultimately have access to more money. That doesn’t mean that the presidency is for sale to the highest bidder.
Remember when Obama wanted to use the Bank of America stadium but call it the name of the Panthers instead?
Eat Crow, Obama!
What does this mean?
Obama’s lousy economy and his horrible foreign policy is finally taking Obama out!
@Greg: who goes to those 50,000 dollar a plate fundraisers for obammer…..the poor?
So, Obama ran the USA, and the DNC, into bankruptcy at the same time! This guy is amazing!