THE PLANK MARCH 13, 2008
Whoa -- it's hard to overstate how bad the audit findings Josh cited below are for the poor, beleaguered NRCC, which just lost Denny Hastert's old seat in a special election this week, too. I guess it must have to do with the suspicious way in which Eliot Spitzer structured his money transfers, but you just have to wonder, how is it possible that a ten-thousand-dollar Spitzer transfer to a prostitution ring tripped up authorities while the NRCC's treasurer stole one million dollars and nobody noticed anything?
The Post story Josh linked to notes this fact:
However, [the auditor] said that the year-end report filed with the Federal
Election Commission in 2006 overstated the NRCC's actual cash on hand
What the story doesn't say is that the NRCC's stated cash on hand was only $1,401,618 -- meaning that if the discrepancy represents what the treasurer stole, which it likely does, then he simply stole most of the NRCC's money. Kind of makes you think of a high school election in which the candidate's buddy makes off with the cash box, except it's not a high school candidate, it's a national party.