Wednesday, October 18, 2006

Money woes? For whom?

Article today in the WSJ bucking the conventional wisdom out there, I heard it today, that Democrats are the ones who are in trouble in the final weeks in terms of having enough money to compete: "Congressional Republicans Find Spending May Not Decide Races." (subscription required)

So what's the WSJ reporting? The opposite. From the article:
Just weeks before Election Day, most embattled Republican House incumbents have less campaign cash than they expected, despite raising more money than their Democratic challengers. Republicans had to spend heavily in recent weeks to buck an unfavorable national climate for the party.
...
In Connecticut, Republican Rep. Nancy Johnson spent $3.5 million on her re-election bid through Sept. 30 compared with Democratic challenger Christopher Murphy, who spent just $1.5 million, according to filings with the Federal Election Commission. Ms. Johnson ended the third quarter with $1 million in the bank compared with about $368,000 in Mr. Murphy's account. Even so, her race is still considered a "toss up" -- or one with no clear favorite -- by the Cook Political Report, a nonpartisan group that tracks campaigns, because of voter discontent with President Bush and the Iraq war.
...
In Virginia, Republican Sen. George Allen has raised $13 million for his re-election bid and spent $8.5 million. But he remains in a dead heat with Democratic newcomer Jim Webb, who has raised $4.6 million and spent just $1.8 million. Mr. Allen enters the final month with $5.6 million in the bank, but Mr. Webb can still compete statewide with his $2.7 million in cash.
The regular news items on Republican corruption, scandal, not to mention the Iraq debacle, work better than cash in providing the rationale, fully advertised through extensive television coverage, for the defeat of Republican control.