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Hoarding the Money

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Tom Edsall reports on Democratic Senators sitting on big warchests that could be used in a last-minute election push:

The DSCC’s $11.3 million in receipts from all the Democratic Senators stand in contrast to the $18.6 million raised from the 51 top Democratic House donors to the Congressional Campaign Committee (DCCC) — 64.6 percent more than from the same number of members of the upper chamber. The total raised from Democratic House members by the DCCC — headed by Chris Van Hollen (D-MD) — $38.8 million, is more than triple the amount raised by the DSCC from Senators.

New York Senator Hillary Clinton, who is not up for election until 2012 and who has $6.68 million cash on hand, gave a total of $115,000 to the DSCC. Indiana’s Evan Bayh, who has $11.3 million on hand and is up in 2010, gave $15,000. Barbara Boxer who has an even $4 million in the bank in preparation for her re-election bid in 2010, donated $30,000.

In fact, if every Democratic Senator who is not up for re-election this year, or who is sure to win on November 4, gave just 10 percent of their cash-on-hand to the DSCC, it would total $10 million for the closing week — a substantial sum for of television time in key target states.

It seems to me that that kind of money could easily be the difference between winning and losing races in Georgia, Mississippi, Kentucky, etc.

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