With the Q1 numbers all in, Republicans have to be feeling a bit queasy about their chances in 2008. (Totals include all receipts, including general election money. In millions.)
Is there any doubt where the energy is this cycle? That's about $27 million more raised by the Democratic side. Sure, there are other Republicans in the race, none of which have apparently announced (and no one seems to care), but even if they collectively account for a few more million, the disparity is stark. Indeed, the top two Democrats outraised the top Republican.
Kerry outraised Bush in 2004. Democrats came close to achieving fiscal parity in 2006 (while the DSCC crushed the NRSC). At this rate, our financial prospects are looking fantastic for 2008. And when Republicans can't drown us with cash, they've got little else to work with.