McCain's Fading Money Problem

But his gains may be the GOP's loss. Domenico Montanaro notes:

McCain really doesn’t have a money problem. In fact, as Rick Davis bragged last week, money isn't going to be the issue many thought it would be just two months ago. Why is this? It appears many Republican donors are buying into the argument that the ONLY shot Republicans have of winning anything is the presidency. And this is hurting Republicans running for the House and Senate where Democrats are dominating on the financial front.

Yesterday, the DSCC released a list of 11 races being held in GOP-held seats, and the Democrats were nearly on par or ahead in every race, according to the most recent fundraising report. Question: Are we seeing the reverse '96 effect taking place inside the GOP? In 1996, the word went out that Dole was a lost cause, and all of the GOP's resources went to saving House and Senate candidates in order to reserve their control of Congress. This cycle, the chance of the GOP winning control of either the House or the Senate appears beyond remote. Does that mean many of the professional GOP-givers are gravitating toward sending money to causes that help McCain? It sure looks like it.

(Hat tip: Joe Gandelman)