The Latest Group Seeking an Obama Bailout: The DCCC

It’s $14 Mil­lion in the red.

It owes $4.2 mil­lion to vendors…that needs to be paid back now!

And it is try­ing to make 48 seats com­pet­i­tive in a cycle in which his­tory says they are about to take it on the chin due to the “Six-Year Itch” of politics.

It is the Demo­c­ra­tic Con­gres­sional Cam­paign Com­mit­tee, and its de facto leader Nancy Pelosi spent part of the week at the White House not talk­ing about the fis­cal cliff, but beg­ging for money from the President’s campaign.

White House offi­cials declined to com­ment on the Pelosi-Obama meet­ing or whether the pres­i­dent plans to help out House Democ­rats with their debt.

Both Pelosi and Sen­ate Major­ity Leader Harry Reid (D-Nev.) sought mil­lions of dol­lars from the Obama cam­paign early in 2012, as the cam­paign sea­son was heat­ing up, POLITICO reported on March 5.

But Obama and his top cam­paign advis­ers, fear­ing a tidal wave of GOP super PAC spend­ing — cor­rectly, as it turned out — refused to pro­vide any finan­cial help to the DSCC or the Demo­c­ra­tic Sen­a­to­r­ial Cam­paign Committee.

Now, with Pelosi stay­ing on for another two years and Obama safely reelected, the Cal­i­for­nia Demo­c­rat wants the president’s help in get­ting the Demo­c­ra­tic Con­gres­sional Cam­paign Com­mit­tee back in the black.

Accord­ing to its lat­est dis­clo­sure report, the DCCC owed $10 mil­lion on a loan from Bank of Amer­ica. The DCCC also owes another $4.2 mil­lion to its ven­dors. The com­mit­tee has $2.5 mil­lion in cash on hand as of Nov. 26.

Obama for Amer­ica has debt of $7.2 mil­lion and still has $5.4 mil­lion in cash.

The bulk of the entire Demo­c­ra­tic cam­paign oper­a­tion is nearly broke after this past elec­tion.  The DNC is said to be $20 mil­lion in the red and I believe only the DSCC (The Sen­ate cam­paign arm) has any real money in the bank.  In order to fill it — and fill it quickly before the bill col­lec­tors call and the next cycle starts in earnest — they are going to need help from Obama.

Given his past coop­er­a­tion (or lack thereof) when it comes to help­ing out the DCCC / DNC / DSCC, many are won­der­ing will Obama deliver and help fund raise.

All indi­ca­tions are that “The List,” the much-talked about donor and vol­un­teer file kept by the Obama Cam­paign will stay in-house and go nowhere near state par­ties, the DNC and other com­mit­tees.  Instead, it will be used to have Obama sup­port­ers go after Con­gres­sional Repub­li­cans for not giv­ing the Pres­i­dent what he wants in leg­isla­tive fights.

If that’s so, then the Dems have one self­ish party leader and a lot red ink to swim through.

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