15 October 2018

Politico: 'We’ve never seen anything like this': GOP overwhelmed by Democratic cash

Since the end of July, Republican candidates in the 70 most contested races have reserved $60 million in TV ads, compared with $109 million for Democratic hopefuls, according to figures compiled by media trackers and reviewed by POLITICO. The disparity is almost certain to grow, as former New York City Mayor Michael Bloomberg makes good on plans to spend nearly $80 million to help Democrats flip the House.[...]

Desperate for help, Republicans are turning to their go-to benefactor: Las Vegas casino mogul Sheldon Adelson. The 85-year-old ally of President Donald Trump has made another contribution in the range of $20 million to the House GOP-aligned Congressional Leadership Fund super PAC, according to two Republican officials familiar with the donation. Party leaders are hopeful he'll fork over even more. [...]

Still, Republicans have hit roadblocks. House GOP aides had hoped to receive a late cash transfer from the Republican National Committee, but they now don’t expect that to happen. The RNC, which is running an extensive national field campaign, has already allocated its remaining funds for the rest of the election season, according to two senior Republicans.

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