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View Full Version : Big surprise -- Dems end convention in the hole



Hubie
09-07-2012, 07:37 PM
They run conventions like they run the country.


http://www.bloomberg.com/news/2012-09-07/democrats-said-to-end-convention-15-million-short.html


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 (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.

Retread
09-07-2012, 10:39 PM
Couldn't happen to a more deserving crew.

Gina
09-07-2012, 11:34 PM
Color me shocked.

Is that racist? :smile-new:

LukeEDay
09-08-2012, 01:22 AM
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:: rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::r otfl:

RobJohnson
09-08-2012, 05:23 PM
Breaks my heart. :evil-grin:

Apache
09-09-2012, 01:51 AM
I'll reserve judgement...CA's? Don't buy 'em on the other side of the coin either...




Even though they are more believable with this administration....:single_eye: