GOP: Too broke to win?

As the Republicans enter a very favorable election year, the RNC is struggling for cash. Is it time for new leadership?

This year should be a good one for Republicans, but it's not clear the GOP will have the cash to capitalize on the growing voter discontent with Democrats. Parties typically fill their coffers before election years, but gaffe-prone Republican National Committee head Michael Steele drained his war chest by $15 million, from $22.8 million to just $8.7 million, by spending heavily on off-year elections. Will Steele's free spending cost the GOP its return from political exile? (Watch Michael Steele discuss the GOP's chances)

Give Steele the boot: Michael Steele's frequent "embarrassing and idiotic statements" are bad enough, says Philip Klein in The American Spectator. But depleting the RNC war chest as we enter "the best political environment for Republicans since at least 2004" is inexcusable. "Given that the primary duties of the RNC chairman are to communicate and fundraise...is there a case to me made for not firing him?"

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