Good News: RNC Ended 2012 With $4.7 Million On Hand To Blow Another Election

Yay Team!

The Republican National Committee ended the 2012 presidential cycle in the black, the party announced Thursday.

The committee ended the year with $4.7 million in cash on hand, and raised $378 million over the last two years.

That’s a stark contrast to how the party began the presidential cycle, when it was saddled with $24 million in debt. The debt was mostly accrued under the leadership of former party chairman Michael Steele. The committee has now paid off that debt and is running a surplus — putting the party in a solid financial situation going into the 2014 midterms.

Combined with Mitt Romney’s presidential campaign, the party raised $632 million in 2012.

Here’s an idea, why not start spending some of that on a Get Out The Vote effort that will actually work in 2014?