From reader IQV:

At this rate, the DNC will be broke by March. Literally. They spent $1.5MM more than they took in for the month of December. If you think about Dean’s (and Trippe’s) strategy in ‘04, it was all smoke and mirrors. The post election Newsweek article talked about empty buses driving around Iowa in the hope that reporters would “see” the grass roots support for the Dean campaign. The same orange hatted volunteers were shipped from city to city. Dean was able to raise money, but, only because it looked like Dean was more successful than he was. As soon as his bubble burst, the $ dried up. That’s what is happening now. Dean loves to talk about Enron accounting. Well, he invented Enron campaigning.
Dean gave the Kaine campaign $5MM to make sure he beat Kilgore last year. Why? It was a local election. Plus, Virginia is a one and done term limited state. That has to be the biggest waste of money in the history of politics. No way Virginia votes for a Democrat in ‘08. They can’t even find someone to run against Allen in ‘06. It was a smoke and mirrors bet. Dean’s rhetoric is, “see! we can win in red states!”. Nonsense. Check out the message boards at Kos, Democratic Underground and even on the DNC’s blog…Kaine was a disaster.
Yes, these bloggers represent a tiny part of the Democratic Party, but they are its public face. Kos gets tons of traffic. That traffic is reading the comments that Kaine, Dean and Democrats in general blew it. It’s going to get even tougher for Dean to raise money over the next few months. Check out this post on Kos.
It’s not just the DNC vs the GOP. Republicans in tight races have double or triple thier Democratic opponents. Dean might not even make it to November.