$68,000,000 in the bank for a last minute GOP push
A late surge of support and months of restrained spending have left the Republican National Committee flush with cash with little time to spend it — $68 million as of Oct. 17, which was nearly seven times the amount the Democratic National Committee had in the bank.
Adding in the cash from other presidential campaign committees, the mismatch still was stark: $156 million for Mitt Romney and his GOP allies to $94 million for President Obama and his allies. State Republican parties also had 50 percent more cash than their Democratic counterparts, according to an analysis by The Washington Times.
It’s likely that means a surge of GOP spending is coming. What’s unclear is what form it will take, and RNC officials declined to tip their hand.
“I can guarantee you we will spend it all and wisely,” Reince Priebus, chairman of the RNC, told The Times.
This week, Republicans began making a play for Pennsylvania, dipping freely into Republican campaign funds and forcing Democrats to spend their more-limited resources to respond, and touting the new push in the Keystone State as a sign that Obama is on the wane and Romney is on the upswing reports the Washington Times.
The RNC has collected more contributions than the Romney campaign because of his focus on wealthy donors. Parties have a $35,000-per-person cap, compared with $5,000 to the campaign.