#DNC $18.1 million in the hole, one year after the election.

I knew that I was forgetting something:

The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.

It is a highly unusual state of affairs for a national party — especially one that can deploy the President as its fundraiser-in-chief — and it speaks to the quiet but serious organizational problems the party has yet to address since the last election, obscured in part by the much messier spectacle of GOP infighting.

The Democrats’ numbers speak for themselves: Through August, 10 months after helping President Obama secure a second term, the DNC owed its various creditors a total of $18.1 million, compared to the $12.5 million cash cushion the Republican National Committee is holding.


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Chris Wallace smacks Dick Durbin over Barack Obama’s debt rhetoric hypocrisy.

I personally think that maybe Chris Wallace shouldn’t have done this to Senator Dick Durbin. Executive summary of “this:” Wallace asked Durbin why it was that President Barack Obama in 2013 declared that our $16 trillion debt was “sustainable,” when Candidate Barack Obama in 2008 declared that $9 trillion debt was “unpatriotic;” and Durbin answered the question by declaring to Wallace that Durbin had had a dry night and did not need to go potty.

Note that I am trying to give the semantic gist of the conversation, here: as Doug Power notes, Durbin didn’t even try to answer the question. (more…)


A quickie preliminary look at the committees’ debt situation.

Interesting.  Below are the latest (just before the election) Debt and CoH (Cash on Hand) totals for the various committees:

Debt CoH
DNC 20.89 10.33
DCCC 0.57 10.06
DSCC 0.23 4.24
RNC 9.9 67.55
NRSC 0 8.22
NRCC 0 10.98



And so the 2012 Republican convention ends.

Good closing speeches – especially Romney’s – but this is the important thing that you need to take away from it:

Eight billion, five hundred and thirty nine million, five hundred and twenty six thousand, three hundred and thirty three dollars and seven cents.  That’s how much debt the country racked up since the convention started.

This. Must. Stop.

Moe Lane (crosspost)


The Infamous, Updated, Romer-Bernstein Chart.

Via James Pethokoukis comes an updated version of the graph (originally created by Obama’s economic advisers Christina Romer and Jared Bernstein) that has been succinctly countering (for years) any and all attempts to argue that the misnamed ‘stimulus’ worked:

For those without access to the picture: it’s a modified version of this graph, which was used to sell the idea that with a stimulus, unemployment would not rise above 8%; and that without a stimulus, unemployment might rise all the way to… 9%!!!!!! That last sentence is what usually gets emphasized in these discussions, and for good reason (it was a nitwit prediction).  But I’d [like] to note that according to the original chart we were forecast to be having about 6.5% or so unemployment at this point, with that number dropping rapidly.  For that matter, I’d also like to note that neither Romer nor Bernstein are currently employed by the Obama administration; they were more or less booted as quietly as could be managed, once the magnitude of the stimulus disaster was fully grasped by the White House.

Alas, the damage has been done.

Moe Lane (crosspost)

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