'This is going to be devastating': GOP strategists panic as their party is getting badly outspent by Dems

Republican strategists across the country say they're seeing a "green wave" of money boosting Democratic congressional candidates -- and they're preparing for what could be a brutal election night in November.

Talking with the Associated Press, GOP strategist Terry Sullivan said that conservative donors have been holding back cash because they already believe saving the House is a lost cause.

"This is going to be a devastating election for Republicans across the ballot," he said. "Republican donors are smart folks. They’re not going to give money to a losing cause."

The AP also notes that the Congressional Leadership Fund, a super PAC associated with retiring House Speaker Paul Ryan, has been sending out panicky memos to supporters in recent days warning of a tsunami of money flooding into key races.

"The GOP is now facing a green wave," Congressional Leadership Fund leader Corry Bliss explained recently. "Democratic candidates are outspending Republican candidates in key races by $50 million."

According to FiveThirtyEight, Democrats currently have a better than 80 percent chance to retake the House in the 2018 midterm elections.