The RNC is bankrupt, $ 20 million in outstanding debt.
Hundreds of major donors have abandoned the Republican National Committee, leaving it $20 million in debt and threatening its future as a central player in the 2012 presidential election.
Don’t you love the Washington Post making the debt the dependent clause ? Really? Imagine if this was a Progressive or Lefty group facing financial problems. It would be blamed on bad management, bad decisions, not knowing their business. But what about the RNC, who is to blame? What were all the great minds doing?
It seems the downward spiral has been going on for a few years, yet, none of the great minds–the fiscal conservative business minds that know how to do things right–did nothing to stop the bleeding. Of course, they blame Steele and the donors. Overspending just happened.
But, fellas, you got monthly financials did you not? You had audits? You have a financial officer? You have a Board right? You have a finance committee? Did you not notice?
The narrative is that the RNC is run by private sector types, business men who will apply their skills to running our nation. Men who will cast away the “bad habits of government”, spending what you don’t have and paying attention to your finances. But, the RNC gets to make excuses. The donors dropped off, that is why they are in debt.
The narrative will prevail and the irony will go under the radar.
