January 8, 2010

This can only mean bad news… for Obama

In another sign of trouble for President Barack Obama, the RNC is experiencing its worst cash flow, piped-in office music in a decade.

A 2009 spending spree has left the Republican National Committee with its worst election-year cash flow this decade. The RNC had $22.8 million in cash and no debt when Michael Steele was elected chairman at the end of January, but has since seen its cash on hand drop to less than $9 million at the end of November.
And it doesn’t stop there.
In another troubling sign for the administration, Chris Dodd’s departure and Attorney General Richard Blumenthal’s (D) immediate entry into the race to succeed him greatly improves Democrats’ prospects of holding the seat.

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