We’ve been going through the fundraising reports for state legislative candidates, and the numbers are pretty astonishing.
Take a look at the chart below for the Top 20 House campaigns with the most cash-on-hand as of August 1. As you can see, Democratic candidates account for 18 of the Top 20 campaigns with the most money in the bank.
We know that Republicans are spending a lot more money on soft money efforts than in recent years, but it is still pretty crazy to see Democrats just dominating in the cash-on-hand numbers as we enter the home stretch of the election season. Also note that while there are a couple of relatively-safe seats in this chart, the vast majority are in competitive districts.
It would be interesting to see what total campaign revenues are, too. Cash on hand is good, but maybe the Republicans are simply spending theirs faster than the Democrats.