Senate Democrats crush GOP rivals in latest fundraising reports, but will it translate to victory in November?

The top outside group that works to elect and re-elect Democratic senators walloped its Republican rival in the latest fundraising quarterly reports.

The Senate Majority PAC reported on Monday that brought in $48.8 million in the April-June second quarter of 2022 fundraising, which it says is its largest monthly haul so far this cycle. The group, which shared its fundraising figures first with Fox News, topped the pro-Republican Senate Leadership Fund by over $11 million.

It’s the latest example of the Democrats holding the upper hand in fundraising over their GOP counterparts as they try to hold onto their razor-thin majority in November’s midterm elections.

“Money isn’t everything, but it certainly matters and I think I’d much rather in the position of these Democratic candidates than the Republicans,” Justin Barasky, a longtime Democratic consultant and a veteran Democratic Senatorial Campaign Committee official who served as a senior adviser last cycle, told Fox News.

FIRST ON FOX: TOP PRO-SENATE DEMOCRAT OUTSIDE GROUP TOPS GOP RIVAL IN CASH DASH

But veteran Republican strategist Colin Reed, pointing to the extremely unfavorable political climate – fueled by record inflation and President Biden’s deeply negative approval ratings – that Democrats face in the midterm elections, emphasized that “when 85%-90% of the country thinks we’re heading in the wrong direction, depending on which poll you’re looking at, nothing the Democrats can do can buy their way out of the political hole they’re in.” 

Looking at the figures, the fundraising by the four Democratic incumbents who’ve been heavily targeted by the GOP has been staggering.