HOWARD DEAN HAS BEEN DEVASTATING to Democratic fundraising, according to Robert Novak, via Power Line.
Democratic National Committee (DNC) fund raising under the chairmanship of Howard Dean shows a disappointing $16.7 million raised in the first quarter of 2005, compared with $34 million reported by the Republicans.
That tends to confirm dire predictions by old-line Democratic fund-raisers of a fall-off in money if Dean became chairman. He had promised to bring in heavy individual contributions, as he did in his 2004 campaign for president. But the DNC in the first quarter received only $13 million from individuals, compared to $31 million for the Republican National Committee (RNC).
Hinderaker notes that it is possible those funds are now being collected by the heavy breathers at MoveOn and ACT, an effect of McCain-Feingold that the Dem's hadn't counted on.
McCain-Feingold has been a disaster pretty much across the board, but I don't think there is any doubt that the biggest loser has been the Democratic Party.
It seems to me I remember many predictions to that affect before McCain-Feingold's passage. Naturally, it was shrugged off as more conservative nonsense.
Does the left never tire of being wrong?
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