Michael Steele,  Republican National Committee

RNC Political Director Gentry Collins Resigns and Seals Michael Steele’s Fate?

Former Republican National committee (RNC) political director Gentry Collins and RNC Chairman Michael Steele

Probably so.

Republican National Committee political director Gentry Collins resigned from his post Tuesday morning with a stinging indictment of Chairman Michael Steele’s two-year tenure at the committee.

In a four-page letter to Steele and the RNC’s executive committee obtained by POLITICO, Collins lays out inside details, previously only whispered, about the disorganization that plagues the party. He asserts that the RNC’s financial shortcomings limited GOP gains this year and reveals that the committee is deeply in debt entering the 2012 presidential election cycle.

“In the previous two non-presidential cycles, the RNC carried over $4.8 million and $3.1 million respectively in cash reserve balances into the presidential cycles,” Collins writes, underlining his words for emphasis. “In stark contrast, we enter the 2012 presidential cycle with 100% of the RNC’s $15 million in lines of credit tapped out, and unpaid bills likely to add millions to that debt.”

Here is a copy of the letter embedded below:

Gentry Collins Letter

RNC Chairman Michael Steele has yet to announce plans for re-election. But, with today’s revelation, I doubt he will run since it is obvious that he would not be able to win.

Going into the 2012 Presidential cycle, the Republican National Committee Chairman needs to be a very productive fundraiser as well as an executive leader. This is why California’s Carly Fiorina has been mentioned as a possible successor to Steele.

I don’t think she wants the position though.

I can see Carly more on Fox Business Network and writing a column for the Wall Street Journal.

Stay tuned…..