This is an opinion piece by Mona Charen.
It pretty much speaks for itself.

Is the Republican Party standing on the edge of a cliff? It’s possible. Let’s consider the bad news.

(1) Fund-raising. Republicans are still portrayed as the little Monopoly man capitalists by the media, but the truth is that Democrats are now (alas) the party of the rich. As Peter Schweizer reported in National Review Online last year, “In 2004, Democrats made up 15 of the 25 individuals who gave more than $2 million to 527 groups. Of the Senate and House candidates who received ‘bundled’ contributions that year, 9 out of the top 10 in the Senate and 8 out of 10 in the House were Democrats. … In 2002, those who gave a million dollars or more gave $36 million to the Democrats and only $3 million to Republicans, a 12:1 ratio.”

Fund-raising for 2008 has so far vastly favored the Democrats. Over the last three months, the top three Democratic candidates have raised $68.5 million compared with $48.7 million for the top three Republicans.

There may be many reasons for this Democratic advantage, including a certain reticence among those who wish to support former Sen. Fred Thompson (and we don’t yet know how much he has raised). But Democratic House and Senate candidates too are outstripping their rivals.

Opinion piece