30% Drop In RNC Fundraising Under Steele

04/18/2009 05:12 am ET | Updated May 25, 2011

According to the AP:

The Republican National Committee will report raising $5.1 million during February, Michael Steele's rocky first month as the GOP's party chairman.

That's according to figures obtained by The Associated Press.

While the RNC took in $13.2 million in January, I think the best apples-to-apples comparison would be to measure last month to February 2007, the same period after the 2006 federal elections:

Feb 2009: $5.1 million (-29%)

Jan 2009: $13.2 million (+26%)


Feb 2007: $7.2 million

Jan 2007: $10.5 million

So, while the RNC saw a 25 percent increase in January 2009 fundraising, compared to January 2007, its February 2009 fundraising was a 30 percent decrease compared to February 2007.

Of course, Steele was elected chairman on January 30, 2009, so he was responsible for all of its February fundraising. Not a good sign for his longevity.

Mark Nickolas is the Managing Editor of Political Base, and this story was from his original post, "30% Drop In RNC Fundraising Under Steele."