Internal Probe Finds RNC Financial Controls in Disarray

Worth Clicking: Blasts from the past wound Romney

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April 22, 2010

Internal Probe Finds RNC Financial Controls in Disarray

"Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending more money courting top-dollar donors than it raises," the Washington Times reports.

"The investigation found that the Republican Party's national governing body is losing money on its major-donors' fundraising program -- spending $1.09 for each $1.00 raised, according to RNC members privy to the investigation's findings. It typically costs about 40 cents for every dollar raised from donors who give more than $1,000."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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April 22, 2010