I really don’t know what to make of this, but I will start with “I don’t think it is that big of a deal”:
The Democratic National Committee under Howard Dean is losing the fundraising race against Republicans by nearly 2 to 1, a slow start that is stirring concern among strategists who worry that a cash shortage could hinder the party’s competitiveness in next year’s midterm elections.
The former Vermont governor and presidential candidate took the chairmanship of the national party eight months ago, riding the enthusiasm of grass-roots activists who relished his firebrand rhetorical style. But he faced widespread misgivings from establishment Democrats, including elected officials and Washington operatives, who questioned whether Dean was the right fit in a job that traditionally has centered on fundraising and the courting of major donors.
Now, the latest financial numbers are prompting new doubts. From January through September, the Republican National Committee raised $81.5 million, with $34 million remaining in the bank. The Democratic National Committee, by contrast, showed $42 million raised and $6.8 million in the bank.
“The degree to which the fundraising has not been competitive is obviously troublesome,” said former congressman Vic Fazio (D-Calif.), who is now a lobbyist here. He expressed confidence in Tom McMahon, Dean’s executive director at the DNC.
I don’t think money is goping to be as important in the ’06 elections if things stay the way they are now. The Democrats have a motivated and hungry base, while the Republican party is demoralized, angry, weary, arrogant and fractured.
Don’t get me wrong- money is always good, but I just think it will be less relevant this year. Would a 2 to 1 ratio in favor of Democrats have helped them in 1994? I don’t think so.