According to the laws of political gravity, this shouldn’t be happening. President Barack Obama’s approval ratings are in the dumps, and so is the economy. Wall Street’s cash cows are angry at the Democratic Party and its sudden embrace of populi

According to the laws of political gravity, this shouldn’t be
happening.

President Barack Obama’s approval ratings are in the dumps, and so is
the economy. Wall Street’s cash cows are angry at the Democratic Party
and its sudden embrace of populist rhetoric. Almost no one thinks
Democrats have a shot at winning back the House next year and
Republicans have an excellent chance of winning control of the Senate.
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POLITICO 44

Yet even with the prospect of an entirely GOP-controlled federal
government in 2013, Democrats are outraising their GOP counterparts in
month after month.

In September alone, the Democratic Congressional Campaign Committee
nearly doubled the National Republican Congressional Committee’s take,
while the Democratic Senatorial Campaign Committee raised $1 million
more than the National Republican Senatorial Committee.

What gives?

Here why Democrats are winning the money chase.

Cut, Cap, and Empty-Pocketed

The new House GOP majority stormed Capitol Hill with the single-minded
goal of slashing federal spending.

But they’ve had a rude awakening: cuts to federal spending are a
hindrance to healthy fundraising - especially when it comes to picking
the pockets of the K Street donors and interest groups who depend on
federal dollars.

Members of Congress and fundraisers say the choke on spending hasn’t
helped with fundraising, and acknowledge that it’s an increasing
concern for the GOP as it begins mapping out its 2012 blueprint.

“The House Republicans have come in with an austerity agenda,” said
former Pennsylvania Rep. Phil English, now a GOP lobbyist who is
active in fundraising circles. “The disadvantage is that it’s hard to
make some people happy.”

The power of Pelosi

She’s still got it. House Minority Leader Nancy Pelosi is one of the
Democratic Party’s most prodigious fundraisers — and she continues to
deliver for her party.

Since the beginning of the year, Pelosi has held 262 fundraising
events in 35 cities and two territories, which have raised more than
$24.4 million for House Democrats, according to party officials – a
stepped up fundraising pace for the former House Speaker.

Since Pelosi – who Republicans turned into Public Enemy No. 1 in 2010
– no longer wields the gavel, she’s free to pursue a vigorous
political schedule as she leads the party’s push to win back the
House.


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