National Committees, Money, and Socioeconomic Status

Obama Aims to Trim Party’s Money Gap With GOP – WSJ.com.

“This year, Republicans are again outpacing Democrats. First-quarter fund-raising reports show the Republican National Committee had $23.9 million in the bank at the end of March and no debt. The Democratic National Committee reported $9.8 million on hand and a debt of $6.7 million, which grew in the first quarter.”

Now, why is it that the party that pushed so quickly to bail out so many companies also happens to be in debt? Granted, they could pay off their debt with their cash but their debt is growing. The RNC, on the other hand, has  a lot more money on hand and no debt, yet the Democrats are largely responsible for managing the federal budget (not that Republicans and Pres. Bush did such a hot job from 2001-2006 when they had control of the White House and Congress; however, the spending got worse after 2006 once Democrats had control of Congress {not that they necessarily are to blame for the increased budget deficit} and is now much worse than it ever has been). Is the DNC looking for their own stimulus package or federal bailout? This reminds me of the father of modern socialism – Karl Marx – who was always dirt poor and in debt. Is it telling that people who either don’t have a lot of money and/or have a lot of debt seem to favor more government control over business and the economy?

Further, Republicans, on average, have higher socioeconomic status (SES) than Democrats (Subramanian & Perkins, 2009). Democrats also tend to favor more government control of the economy (e.g., more “socialist” economic policies) than Republicans do. This means that people, on average, who have less education and lower incomes (i.e., lower SES) tend to favor governmental policies that are economic equalizers (this means that they, as people with lower incomes, are more likely to receive money from the government). Again I return to Karl Marx. He started the modern economic socialism movement (at least he was one of the major theorists) and he was always in debt. He was terrible with money; it’s not that he wasn’t earning money, he just had no control over it. Marx reminds me of our federal government right now – always in debt and poor managers of our – the taxpayers’ – money.

Reference

Subramanian, S. V., & Perkins, J. M. (2009). Are republicans healthier than democrats? International Journal of Epidemiology, doi:10.1093/ije/dyp152 (http://ije.oxfordjournals.org)

Leave a Reply

Your email address will not be published. Required fields are marked *