DNC taps $10 million line of credit to boost House, Senate gains

[brooklynite]

Source: Politico

Hoping to maximize congressional gains, the DNC is taking out a $10 million line of credit to split equally between the House and Senate campaign committees, according to a top Democrat familiar with the move.

The decision to go into the red for the DCCC and DSCC comes as party operatives see more races coming into play, especially in the House. The goal: To take advantage of what is shaping up to be a Democratic wave by picking up as many seats as possible, giving the party a massive governing majority and making it more difficult for the GOP to recapture power in future cycles.

The party won't be giving money to other downballot races in states. But they're still raising money for their "Campaign for Change" account, a joint fundraising entity with 18 state parties that directly seeds ground operations in those states.

The move to tap the line of credit is similiar to what the party did in 2006, when they took out a similar amount to help boost the DSCC and especially Jim Webb's Senate race, something party officials credit in part for their retaking the Senate.

Read more: http://www.politico.com/blogs/jonathanmartin/1008/DNC_taps_10_million_line_of_credit_to_boost_House_Senate_gains.html

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Going for the throat...

[TheWraith]

1. I believe the DNC just went "all in."

Which is good, because we've got a king-high straight, and the Republicans have a pair of jokers.

[clear eye]

6. Ha-ha!

:applause:

[Hawkowl]

2. Street fight strategy

Kick 'em while they're down. And you don't stop kicking until they stop moving. Brutal but necessary.

[gratuitous]

3. This is terrific news

$10 million will buy a lot of anchors for floundering Republican candidates. Line on the left, no cuts, one anchor each. Okay, Gordon; you can have two.

[DeepModem Mom]

4. K&R!

[Johnyawl]

5. god bless Howard Dean!

the political ground is shifting under our feet so fast it's difficult to keep up with. Dean is doing an incredible job of riding the tsunami.

[TheWraith]

8. Let's not forget my senator, Chuck Schumer, who's running the DNSC on a 60 seat strategy.

And the guy who, in my opinion, really should be Senate Majority Leader.

[cobalt1999]

7. Why split equally between the House and Senate.

They need to borrow another $10 million just for the Senate. 60 baby, 60!