Rove's 527 far short of $52M goal
A new 527 group conceived by veteran GOP hands Karl Rove and Ed Gillespie and launched this year with predictions that it would raise $52 million to support Republican candidates has thus far failed to live up to the fundraising hype.
The group, American Crossroads, raised only $200 last month, according to a report it filed Monday with the Internal Revenue Service, bringing its total raised since launching in March to a little more than $1.25 million. It spent $76,000 in May, primarily on legal fees and salaries, bringing its total spending to $140,000.
The operatives running the group have boasted that it has received pledges for more than $30 million in contributions from big donors. But so far, that has yet to materialize, and, in fact, the big names and gaudy proclamations behind the group may have produced more tangible results for Democrats, who continue to cite it as a threat in fundraising appeals.
“Karl Rove's American Crossroads group just announced on Friday that it is turning the full force of its fundraising machine against no fewer than eleven Democratic candidates,” warned a Sunday fundraising email from J.B. Poersch, executive director of the Democratic Senatorial Campaign Committee. “The DSCC is counting on every one of our grassroots supporters to defeat Republicans and defend President Obama in November. We can't win without your help.”
But American Crossroads president Steven Law sounded undiscouraged by the puny May fundraising haul, all of which came from small un-itemized donations.
“We spent our first six weeks building a structure that our donors want to see in place, and now we are at the stage where the checks will begin catching up with increased commitments,” said Law. Though he wouldn’t disclose specific fundraising figures for June, he said “the checks are starting to roll in and we are on track to have a solid financial report for June.”
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Poster Comment:
Sad. It's looks like the bloom is off the Turdblossom.
