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GOP cash crunch

They really are the Trump party now

From the party run by a man who lost money running casinos:

Republican Senate hopefuls are getting crushed on airwaves across the country while their national campaign fund is pulling ads and running low on cash — leading some campaign advisers to ask where all the money went and todemand an audit of the committee’s finances, according to Republican strategists involved in the discussions.

In a highly unusual move, the National Republican Senatorial Committee this week canceled bookings worth about $10 million, including in the critical states of Pennsylvania, Wisconsin and Arizona. A spokesman said the NRSC is not abandoning those races but prioritizing ad spots that are shared with campaigns and benefit from discounted rates. Still, the cancellations forfeit cheaper prices that came from booking early, and better budgeting could have covered both.

“The fact that they canceled these reservations was a huge problem — you can’t get them back,” said one Senate Republican strategist, who like others spokes on the condition of anonymity to discuss internal matters. “You can’t win elections if you don’t have money to run ads.”

The NRSC’s retreat came after months of touting record fundraising, topping $173 million so far this election cycle, according to Federal Election Commission disclosures. But the committee has burned through nearly all of it, with the NRSC’s cash on hand dwindling to $28.4 million by the end of June.

As of that month, the committee disclosed spending just $23 million on ads, with more than $21 million going into text messages and more than $12 million to American Express credit cardpayments, whose ultimate purpose isn’t clear from the filings. The committee also spent at least $13 million on consultants, $9 million on debt payments and more than $7.9 million renting mailing lists, campaign finance data show.

“If they were a corporation, the CEO would be fired and investigated,” said a national Republican consultant working on Senate races. “The way this money has been burned, there needs to be an audit or investigation because we’re not gonna take the Senate now and this money has been squandered. It’s a rip-off.”

The NRSC’s chairman, Sen. Rick Scott of Florida, has already taken heat from fellow Republicans for running ads featuring him on camera and releasing his own policy agenda that became a Democratic punching bag — leading to jokes that “NRSC” stood for “National Rick Scott Committee” in a bid to fuel his own presumed presidential ambitions.

Other spending decisions, such as putting about $1 million total into reliably blue Colorado and Washington earlier this month sparked fresh questions after the committee turned around and canceled buys in core battlegrounds.

The NRSC invested heavily in expanding its digital fundraising and building up its database of small-dollar donors. But online giving to Republicans, not just the NRSC, sagged earlier this year from what consultants said was a combination of inflation, changes to Facebook advertising policies, concerns about emails caught in spam filters, and complacency with an anticipated Republican wave. Some Republicans also suspect former president Donald Trump’s relentless fundraising pitches and cash hoarding has exhausted the party’s online donor base.

Rick Scott made his name as a Health Care executive convicted of massive Medicare fraud so they get what they deserve. Why would they expect anything different?

The party has been sleepwalking through this cycle assuming they couldn’t lose and probably saw all this money sloshing around as a personal perk. That’s how they roll.

Published inUncategorized