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Cam’s piece this morning on Democratic fundraising is a must-read. It also answered a key question for me. In every ‘the Dems will still blow it’ article I’ve read in recent weeks I hear that Republicans are beating Democrats in fundraising. Each time I read that I scratch my head because it certainly doesn’t square with what the political environment looks like. More specifically, I keep hearing that Republicans feel so under the gun about Obamacare because funders are simply refusing to keep giving unless the GOP can deliver some legislative victories. I also see example after example of Republicans retiring or considering retirement because they’re behind in the money chase. So what’s the deal? The key seems to be that the RNC actually is beating the DNC pretty handily. On every other front though, the Democrats are sporting the kind of big money advantage that usually presages big midterm gains. Read Cam’s report here.

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Josh Marshall is editor and publisher of TalkingPointsMemo.com.
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