The Republican fundraising streak continues.
In June, the RNC brought in $13.9 million, the most it had ever received in a non-presidential year. July’s numbers have just been released, and the money has kept pouring in. According to CBS: the RNC raised $14.2 million in July, again the most raised in a non-presidential year. That brings their total fundraising for this midterm cycle to $227.2 million.
Another month, another fundraising record 💪https://t.co/gABckVM9Ke
— GOP (@GOP) August 20, 2018
Fundraising also dwarfs that from prior midterm years. Fundraising this July was greater than that of July 2010 and 2014 combined, both of which were elections in which Republicans dominated, solidifying control of the House and Senate. The RNC now has five times as much cash in the bank than the DNC, and no debt. The DNC has over $6 million in debt.
This all points to more enthusiasm for Republican candidates going into the midterms. Many people assume that better-funded candidates win an election because of how much they spend, but in reality, a candidate attracting more donations early on is a sign that they were the more popular candidate, to begin with. If the RNC as a whole is doubling the DNC’s donations, that’s good for all Republicans.
Other variables that point towards Republicans holding Congress include President Donald Trump’s approval rating (which is higher than Barack Obama’s at this stage in his presidency), and voter registration trends in purple states. As we reported previously, “(In Florida) numbers show that Democratic Party registrations have fallen about 2 percentage points since the 2016 elections. Republican numbers, meanwhile, have held steady at 35 percent, while no-party registrations have increased about 3 points.”
The Democratic dropoff in Florida mostly occurred following the school shooting at Marjory Stoneman Douglas High School in February, potentially in response to the national gun control debate that followed. Clearly, there was a chunk of Democrats who were not on board.
Another policy that most voters aren’t on board with is socialism, which Democrats have been increasingly embracing. The Democrat establishment has had to adopt more socialist candidates, as the typical registered Democrat now has a net-negative opinion of capitalism. However, while Democrats have moved far-left, the typical Republican and Independent have remained ideologically consistent, meaning that Democrats are alienating them. They’ll find that out for themselves in November.