08
Jul
10

Young money/cash money’s campaign finance mixtape

Lil' Wayne National Committee

Young money and cash money are dropping their campaign finance mixtape this week. It’s going to be hot. You won’t believe the guests they have on this thing. Usually for these label showcases you just have the guys from the label, but I hear rumors that Representative Chris Van Hollen and Senator Chuck Schumer are both going to be featured on Nicki Minaj’s “D.I.S.C.L.O.S.E. (Democracy Is Strengthened by Casting Light On Elections.)” I think it’s a “C.R.E.A.M.” tribute.

Anywho… turns out that’s not true. the national media is busy inventing stories to entertain themselves, including this whole mixtape bizness, because apparently there’s nothing important to report on. The Republican National Committee, which raises money for Republican federal candidates nationwide, is either raising pretty good money, out of money, can’t be trusted with anyone’s money, or owes people a lot of money.

Essentially, the RNC was having some trouble bringing in the dough in the last quarter, for a lot of reasons- they don’t control any of the elected halls of power, the Obama machine was outpacing them, and somehow didn’t trust Michael Steele to use party funds responsibly. Now they’re closing the gap with the Ds on a month-by-month basis. And the money that Steele didn’t raise for whatever reason is going to the Republican fundraising committees dedicated specifically to winning the House and Senate. My guess is that you can probably find a lot of state and local parties raking it in, too.

Meanwhile, the DNC is, despite its overwhelming technological and institutional advantages (it has a far more advanced Internet operation and is the beneficiary of dollars donated to the majority party) wringing its hands over the potential loss of major NYC donors. Empty speculation and a few unattributed quotes has led to a media cycle that apparently indicates a catastrophic fundraising season for the Ds due to any number of vapid reasons ranging from mean Wall Street regulation to “not being invited to movie night” (that’s an actual phrase from the  linked article, friends). I think that the Ds are going to do fine, regardless; this guy tends to raise money pretty well.

Basically, absent some huge factor or technological shift (e.g. the most appealing Presidential candidate since Reagan running in the wake of the least appealing administration since Hoover  while becoming Pay Pals with the Twitterblogz), the major parties will find ways to raise about as much money as the other one does. And then they’ll spend that money on mostly the same races in districts where the marginal value of each dollar is greater- i.e. the competetive districts, which even this year will number, as always, between 30 and 50, with another 10-20 Senate seats thrown in.

Don’t believe the hype.

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