Geez,I'm not surprised.Coming from the fiscally irresponsible Democrat Party.If they can't manage their campaign budget,how the (*)(*)(*)(*) are we supposed to trust them with the countries budget? How embarrassing. http://www.bloomberg.com/news/2012-09-07/democrats-said-to-end-convention-15-million-short.html Democrats Said to End Convention $15 Million Short By Hans Nichols - Sep 7, 2012 3:44 PM MT Democrats ended their convention in Charlotte $5 million short of their budget even after being forced to draw down a $10 million line of credit from Duke Energy Corp. (DUK), according to a Democratic Party fundraiser. That will leave a $15 million bill that eventually will have to be paid by President Barack Obama’s campaign or the Democratic National Committee, according to the fundraiser, who spoke on condition of anonymity to discuss internal deliberations. The Charlotte Host Committee ended the convention with more than $5 million in immediate obligations and may require a direct cash infusion from the Obama campaign to pay vendors, said the fundraiser. The $10 million line of credit to Duke Energy will need to be repaid next year, said a second person familiar with the matter, who also spoke on condition of anonymity. Duke Energy Chairman and Chief Executive Officer Jim Rogers is co-chairman of the host committee. Those debts could siphon off advertising money in the campaign’s final months, as Democrats face a cash disadvantage. Bank Balances Republican presidential nominee Mitt Romney, the Republican National Committee and two allied super-political action committees reported a combined bank account balance of $169 million on July 31. That compared with $107 million for President Barack Obama, the Democratic National Committee and the pro-Obama super-PAC Priorities USA Action, according to disclosures filed Aug. 20 with the Federal Election Commission. “It is always easier to raise corporate dollars in advance of a convention because of the visibility and profile that corporate sponsorship can offer,” said Tony Corrado, a professor of government at Colby College in Waterville, Maine, who specializes in campaign finance. “After a convention, once the signs are down and the politicians have left, raising money is a much more difficult task.” The host committee failed to reach its $36.7 million fundraising goal because the DNC banned direct cash contributions from corporations, which have traditionally underwritten presidential nominating conventions. Republicans didn’t have a similar prohibition for their convention last month in Tampa. Dealing With Restrictions “If they got within 5 million, considering that they used the line of credit, I think that’s awesome, given the restrictions they had to deal with, ” said Mike Dino, who served as executive director for the host committee in Denver, where Democrats held their nomination convention in 2008. “They should be relieved to be in that range.” The Denver convention accepted direct corporate contributions and raised enough money to pay all its bills, though immediately after the convention, the committee had “in the range of 8 to 10 million dollars that was outstanding,” Dino said. Tom Williams, a spokesman for Duke, referred questions to the host committee. “All details relevant to the line of credit from Duke Energy will be disclosed in the FEC report,” Suzi Emmerling, a host committee spokeswoman, said in an e-mail.
YEP! So does this mean If you are a customer of Duke Energy,you are going to be paying towards Obama's campaign?
Of course nobody seems to actually note WHY they were short. I'd rather Obama take it out of his own campaign contributions than have corporations funding the entire thing.
I'd rather have he not have any campaign funds at all! His cause is hardly legitimate. 4 years of TORTURE brought us to this despicable state. #romneyforhopeandchange http://tiny.cc/romneyforus
Corporations did pay for it. Eventually they'll just write off the loan and they will officially have paid for the event.
They ahd to BORROW FROM AN EBERGY COMPANY THAT UTULIZES COAL-FIRED GENERATORS????? Hilarious. If you cannot see the IMPENDING LANDLSIDE HOUSE-CLEANING that it clearly building in America, you are just too afraid to look....
I think they handed out a lot of cash (so it can't be traced) to get folks to show up at the stadium. But when all those college students in NC found out their college funded health care was going up 51%, they might be booing instead of cheering........event at the stadium cancelled. At least they can control who gets in indoors.
I believe that you meant to say, "are we supposed to trust them with our tax dollars"? (The answer would be NO.) Or perhaps you meant to say, "are we supposed to trust them with the responsibility of paying down the federal debt"? (The answer is also NO.) The fact is, they have never passed or signed into law even ONE budget. Not even one, in all four years of Obama's presidency. So, no. We should not trust them with the country's budget. The silly sons of b1tches can't even pass one, let alone manage one. I liken it to a wedding without wedding vows. No promise to love, honor, or cherish, forsaking all others, etc. Later on, after being a lousy, cheating spouse, you can say, "Well, I never technically vowed to do any of that, so you can't hold me accountable....." Hard to hold Obama and his party accountable for staying within a budget if they never even pass one. .
They must have no regard for the Constitution, Obama obviously doesn't. Obama violated this with Immigration Laws creating a defacto amnesty. Why should he and the senate care about passing a budget?
