DNC Faces Cash Shortfall

October 09, 2012

DNC Faces Cash Shortfall

The DNC "had more debt than cash on hand when the general election started in September, a troubling fact few people have noticed to this point in the campaign," the Washington Post reports.

"We already knew that the Republican National Committee had more than 10 times as much cash as the DNC while the party's were holding their conventions, but a closer look at the DNC's August report shows it also took out $8 million in loans during that month -- which means it had more debt ($11.8 million) than cash on hand ($7.1 million)."

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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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-- Chuck Todd, NBC News political director

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-- Charlie Cook, editor of the Cook Political Report

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-- Larry Sabato, Center for Politics, University of Virginia

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-- Arianna Huffington, founder of The Huffington Post

"Political Wire is one of the absolute must-read sites in the blogosphere."

-- Glenn Reynolds, founder of Instapundit

"I rely on Taegan Goddard's Political Wire for straight, fair political news, he gets right to the point. It's an eagerly anticipated part of my news reading."

-- Craig Newmark, founder of Craigslist.

Taegan Goddard's Political Wire

October 09, 2012