My mother reads this blog...which means I need to watch my language but I could be a lot more radical than I am (hi mom!) so I feel the need to post this after Steve M's bracing shower of cold water just below.
H/T Hilzoy at Obsidian Wings:
The NRCC isn't going to have the money to fight the big battles this year because all the money they had stuffed in the shoebox since 2003 dissapeared, mysteriously, while the regulatory fairy slept and the republicans did what they usually do to the country: trashed, burned, and looted.
As Hilzoy puts it:
The NYT reports that "hundreds of thousands of dollars are missing and presumed stolen."
Tom Cole, the head of the NRCC, has tried to reassure his members that this scandal "will not adversely affect fundraising in the long term." He'd better hope it doesn't. After all, the NRCC is going to have to defend dozens of seats left vacant by all those Republicans who have decided that it's time to head for greener pastures. And besides:"The investigation into the NRCC's finances is another in a series of blows to House Republicans. The NRCC, for the first time in any political observer's memory, raised less money in 2007 than its counterpart, the Democratic Congressional Campaign Committee. The Democrats raised $67 million to $49 million for the Republicans.
At the end of January, the DCCC had more than $35 million cash in its accounts to the NRCC's $6.4 million."
And that was before they dropped $1.2 million on their failed attempt to hold onto Dennis Hastert's old seat.