Michael Steele breaks the RNC

It's still too early to declare this a permanent problem, but, in this year of supposed Republican outrage, Michael Steele brings the RNC into the 2010 election year with an extremely low cash on hand... and broad Republican opinion of Steele and a poor economic climate means that he's not likely to be the fundraising behemoth of past RNC chairmen.

This may not reflect overall Republican fundraising, gotta wait and see, but a poor RNC would severely impact the flexibility of their overall campaign strategy, cutting down the ability to move last minute monies to close races.

Update: Steele still fighting with GOP critics who think he's more about promoting (and funding) Michael Steele than the GOP.