Matt Bush, FISM News
According to the latest Federal Election Commission (FEC) filings, the Republican National Committee (RNC) raised $13.8 million in October while the Democratic National Committee (DNC) raised $11.5 million in the same month. This fundraising success comes as Republicans are looking to take back both the House and Senate against the razor-thin margins that Democrats currently hold in both.
This fundraising advantage enjoyed by the Republicans has not occurred in a vacuum and it should be of concern to congressional Democrats as they look ahead to the 2022 midterm elections. Aside from the $2.5 million advantage in October, the RNC is also outpacing the DNC by over $4 million for the year, and that number could increase.
In addition to fundraising, President Biden has seen his approval ratings plummet to the lowest of his presidency. According to the most recent Quinnipiac poll, Biden currently has an approval rating of 36%. That includes 94% of Republicans and 56% of Independents who disapprove of Biden’s job performance. 87% of Democrats polled still approve of the president’s performance.
These dismal numbers have caused some Democrats seeking election to already distance themselves from the embattled commander-in-chief. In an interview on Sunday, Democrat Beto O’Rourke, who recently announced his bid for governor of Texas, refused to say that he would invite Biden to join him on the campaign trail.
While Biden’s approval rating will affect the midterm elections, he is safe for at least three more years. The more important elections right now are the 2022 midterms, where one-third of the 100 member Senate and all 435 members in the House are up for reelection.
That same Quinnipiac poll shows that 46% of Americans want to see the Republican party gain control of the House of Representatives compared to 38% who want Democrats to maintain control. In the Senate, 46% of Americans want Republicans to win the majority while 40% of Americans want Democrats to maintain control.
Favorable outcomes both in fundraising efforts and in the polls less than a year out from the midterms are positive signs for the Republican party and cause for great concern for Democrats. However, they are not the only things pointing to a possible huge win for Republicans in 2022. Youngkin’s win in Virginia and the hotly contested gubernatorial election in New Jersey show just how much the Biden White House may be affecting other races across the nation.
As is the case in all elections, a year is both a long time and a short time in the political world. A lot can change, but usually the type of momentum that Republicans are enjoying both at the polls and in fundraising are indicative of the nation’s political environment and could spell huge success in the midterms.
Fundraising is not the only thing that makes a party successful, but just like most things in life, if you follow the money, you find the heart of the matter.