Author Topic: Oh F!$K me are you FNG Kidding? Obama moving speech to get more wealthy donors.  (Read 1281 times)

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Obama's DNC speech could move to BofA stadium (Huge BARF Alert!)
Charlotte Observer ^ | January 10, 2012 | Hans Nichols
Posted on January 11, 2012 12:24:39 AM EST by Brandonmark

President Barack Obama's re-election campaign is considering moving the final day of the Democratic National Convention in Charlotte to Bank of America Stadium to sell more skyboxes to wealthy donors, according to three Democrats involved in the fundraising.

The 74,000-seat home of the NFL's Carolina Panthers would also have room for the convention to sell more floor passes close to the stage. Planners for the event are struggling to meet a $36.6 million fundraising goal, according to the Democrats, who spoke on condition of anonymity because they weren't authorized to discuss the matter.

Obama's advisers are aware of the political downside of the president delivering his nationally televised acceptance in a stadium named for a bank that considered imposing a fee that he said would have "mistreated" customers, the sources said.

That would be outweighed by the chance to lure more big-dollar contributors, including corporate foundations, to cover the convention's costs, the three Democrats said.

The rest of the convention, scheduled to begin Sept. 3, will be conducted at the Time Warner Cable Arena. Joanne Peters, press secretary for the Charlotte convention, said, "We plan to hold the convention at the Time Warner Cable Arena."

An outdoor finale for the convention would echo the atmosphere of four years ago in Denver, when Obama accepted his party's nomination under a clear Colorado night at Invesco Field.

(Excerpt) Read more at charlotteobserver.com ...

Soul Crusher

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Isn't this a metaphor for this entire admn?

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Obama's DNC speech could move to Bank of America stadium
Report: Democrats struggle with raising cash


President Barack Obama's re-election campaign is considering moving the final day of the Democratic National Convention to Bank of America Stadium to sell more skyboxes to wealthy donors, three Democrats involved in the fundraising told Bloomberg News.

The 74,000-seat home of the Carolina Panthers also would have room for the convention to sell more floor passes close to the stage. Planners are struggling to meet a $36.6 million fundraising goal, according to the Democrats, who spoke on condition of anonymity because they weren't authorized to discuss the matter.

Other Democrats involved deny fundraising problems.

In a Tuesday night statement, convention CEO Steve Kerrigan said: "Decisions about convention planning are driven by engaging more people in the process, not by money."

Also Tuesday, some Democrats told the Observer that they hope Obama gives his acceptance speech at the stadium so that more people can see it in person.

Obama advisers are aware of the political downside of the president delivering his nationally televised acceptance in a stadium named for a bank that considered imposing a fee that he said would have "mistreated" customers, sources told Bloomberg. That would be outweighed, they said, by the chance to lure more big-dollar contributors to cover the convention's costs.

Joanne Peters, a spokeswoman for the Democratic National Convention Committee, told Bloomberg: "We plan to hold the convention at the Time Warner Cable Arena."

An outdoor finale for the convention would echo the atmosphere of four years ago in Denver, when Obama accepted his party's nomination at night at Invesco Field.

The administration has had a mixed relationship with Bank of America Corp. In May 2010, Valerie Jarrett, a senior adviser to Obama, praised Chief Executive Officer Brian Moynihan for having a "level of corporate responsibility beyond the bank."

Last October, Obama criticized a planned $5 monthly fee that Bank of America was going to charge its debit card users. He said that while banks have a right to set fees, he questioned the bank's explanation for the new charge.

"People have been using financial regulation as an excuse to charge consumers more," Obama said at a White House news conference on Oct. 6.

Following complaints from consumers, the bank shelved its plans to impose the fee.
Restrictions on funds

The convention committee is having difficulty raising money because it's prohibited from taking funds from corporations and lobbyists, which parties have relied on in the past for nominating conventions, the three Democratic sources said.

Charlotte businessman Cameron Harris, one of the host committee's top fundraisers, told the Observer that having Obama give his acceptance speech in the Panthers' stadium "was a possibility ... from the very beginning."

He said he had heard of no new plans to sell skyboxes for the event, and even said he had heard that the stadium option might not happen in the end.
"When dealing with the people up there, things change all the time," he said referring to the Democratic

National Committee. "It's a moving target."

In-kind contributions

The host committee is trying to work around the fundraising restrictions, imposed by Obama, by asking for in-kind contributions from corporations and accepting unlimited funds from nonprofit organizations, such as charitable foundations associated with major corporations.

While the convention itself is abiding by the rules, the host committee is raising up to $15 million in
corporate and large individual donations.

"We are not trying to work around any restrictions," host committee spokeswoman Suzi Emmerling said Tuesday night.

"The limits are very clear for the convention fundraising rules. ... If a corporation is interested in providing an in-kind donation that offers budget relief, their donation will be considered."
Jim Rogers, chief executive of Duke Energy Corp. and chairman of the Charlotte host committee, has tried to clarify the rules for potential donors.

At a Dec. 15 briefing at the Jefferson Hotel in Washington, Rogers and Kerrigan met with Beltway insiders, including lobbyists.
Convention officials say they were "educating" their audience about the new restrictions.
Fundraising 'on track'

Emmerling challenged the notion that the host committee was having a difficult time raising money.
"Our fundraising is right on track," she said.
Neither she nor other convention officials have said how much they've raised.
Harris told the Observer he has personally raised "pretty close to" $1 million.
"It hasn't been easy," Harris said of the host committee's fundraising efforts. "But there's no question in my mind it's going to happen."
Another member of the host committee, a Democratic activist who asked not to be identified, told the Observer that host committee leaders have said the Obama restrictions have made it tough to raise money, but they believe it will be done.
"Are they working hard and losing sleep over it? Yes," the source told the Observer. "But they didn't seem at all desperate. ... I don't have inside information, but I think they're over halfway there, though."
The Republican convention is the week of Aug. 27 in Tampa. It will accept contributions from lobbyists and corporations, said a spokesman.
Bloomberg News and Charlotte Observer staff writers Tim Funk and Jim Morrill contributed
Copyright 2012 . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Read more here: http://www.charlotteobserver.com/2012/01/11/2915251/obama-may-move-dnc-speech-to-bofa.html#storylink=cpy


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94% of elections are won by the candidate with more money. 

look at how newt was WRECKED in 2 weeks of ads from romney's superPac.


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94% of elections are won by the candidate with more money. 

look at how newt was WRECKED in 2 weeks of ads from romney's superPac.




And?  You dont see how utterly absurd and hypocritical this is, especially that it will be BOA Stadium?


GMAFB.  Obama is going down hard - real hard.   


Most people, not the die hard defenders like yourself, are sick to death of this communist shit show admn and all of the treason, corruption, double speak, incompetence, and bizaroo world policies.   

240 is Back

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And?  You dont see how utterly absurd and hypocritical this is, especially that it will be BOA Stadium?
GMAFB.  Obama is going down hard - real hard.   
Most people, not the die hard defenders like yourself, are sick to death of this communist shit show admn and all of the treason, corruption, double speak, incompetence, and bizaroo world policies.   


"Die hard defenders" - Do you have an example of me posting something about "Obama would never try to raise money, not like you evil republicans..."

Or has my approach always been "Hey, this is how politics works, they all are evil corrupt money grubbing bastards.."?


See, I'm not "sick to death" of politicians raising money because I accept it's how the american political process has always worked.

Soul Crusher

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"Die hard defenders" - Do you have an example of me posting something about "Obama would never try to raise money, not like you evil republicans..."

Or has my approach always been "Hey, this is how politics works, they all are evil corrupt money grubbing bastards.."?


See, I'm not "sick to death" of politicians raising money because I accept it's how the american political process has always worked.


Whatever - keep making excuses for the messiah.   its not a matter of raising money, its the naked dishonesty and lies that is this entire Admn.  in attacking business and the so called 1% while he does shit like this and have people like Jack Liew asd his COS

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GMAFB.  Obama is going down hard - real hard.   


And yet you won't wager on this claim and stand by it.

Chickenshit.

Soul Crusher

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And yet you won't wager on this claim and stand by it.

Chickenshit.

Are you going to buy a sky box? 

LurkerNoMore

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Are you going to bet on your claims of Obama losing?

Answer.

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The ‘People’s’ Convention?
DNC in Charlotte to Feature Million-dollar tickets, luxury suites, concierge services for the 1 Percent
 
BY: Andrew Stiles - February 9, 2012 5:00 am



http://freebeacon.com/concierge-convention-in-charlotte





The organizers of the upcoming Democratic National Convention are doing everything possible to get around the same financial restrictions they once promoted in a concerted effort to make sure that America’s wealthiest individuals, corporations, and lobbyists contribute their “fair share” to the convention.

Host committee spokeswoman Suzi Emmerling, formerly of the liberal think tank Center for American Progress, insisted that convention leaders were not attempting to sidestep the fundraising restrictions. Democratic National Convention Committee CEO Steve Kerrigan, she said, had simply been “educating Beltway types about the new rules.”

“All of this is brand new,” Emmerling tells the Washington Free Beacon. “A convention has never been funded this way before, so there are a lot of false assumptions about what we’re doing.”

Democrats are billing the upcoming Democratic National Committee’s annual convention as a “People’s Convention,” funded by “the people.” At President Obama’s request, the host committee in Charlotte—which must raise $36.6 million to pay for the convention—has promised to refuse donations from corporations, lobbyists or other special interest groups, including unions. Individual contributions are limited to $100,000.

But living up to these ambitious self-imposed rules is proving more difficult than party leaders expected. Local sources say the DNC is approaching wealthy Bank of America executives in an effort to unload some of its premier convention packages. A number of these executives have been shocked at the audacity of the proposition, given the administration’s attacks on not only the bank but also on wealthy Americans in general. President Obama and his Democratic colleagues have repeatedly charged that wealthy Americans are not “paying their fair share” to the federal government in the form of taxes.

Steve Kerrigan, the committee CEO, recently convened a meeting with lobbyists and other Beltway power brokers at the Jefferson Hotel in Washington D.C. Democratic sources told Bloomberg that Kerrigan, a former national political director for Sen. Ted Kennedy (D-Mass.), touted an expensive array of convention “packages” that were aimed at attracting ultra-wealthy donors.

One of the options is the $1 million “Presidential” level, which includes a “premier uptown hotel room” and “concierge services,” as well as the $500,000 “Gold Rush” package.

Convention leaders have also sought to court ultra-wealthy donors by moving the president’s acceptance speech to Bank of America Stadium (the bank is headquartered in Charlotte), the 74,000-seat home to the NFL’s Carolina Panthers. White House Press Secretary Jay Carney said the decision was intended to allow “greater participation from all walks of life.” However, Democratic sources confided that the move would allow convention organizers “to sell more skyboxes to wealthy donors,” according to Bloomberg.

Committee officials dispute the report. “Decisions about convention planning are driven by engaging more people in the process, not by money,” Kerrigan said in a statement.

Still, the decision was criticized on the left by those who were not pleased with the idea of Obama accepting his party’s nomination under the banner of the country’s second-largest financial institution, which received a $45 billion taxpayer-funded bailout during the financial crisis. Obama himself has directed some tough rhetoric toward Bank of America. For example, when the bank proposed charging a $5 monthly fee to debit card users, Obama complained that the bank was “using financial regulation as an excuse to charge consumers more.”

But “educating” the super-rich is not the only way the DNC has sought to sidestep its convention fundraising rules. For instance, while the convention committee isn’t accepting cash donations from corporations, there are no corresponding restrictions with respect to “in kind” donations such as food or equipment, which can add up to millions of dollars. The DNCC has also established a separate “Hospitality” committee, called the New American City Foundation, to sponsor parties and other events associated with the convention, which is not bound by the same fundraising restrictions.

The overall fundraising effort appears to be struggling. Convention organization recently decided to shorten the length of the convention from four days to three. Local officials, meanwhile, have raised concerns about the host committee’s refusal to disclose its fundraising progress.

Scott Stone, former Republican candidate for mayor of Charlotte, cites the host committee’s refusal to release its fundraising records as “a significant concern.” “Not only because of the lack of transparency,” he says, “but if they don’t meet their numbers, taxpayers could be left with the bill.”

A host committee official tells the Washington Free Beacon that there are no plans to publicly release fundraising figures before the FEC-mandated deadline of one month following the convention. Meanwhile, organizers in Tampa, Fla., site of the 2012 GOP convention, announced back in August that they had raised $15 million of their $55 million goal.

A review of the DNC fundraising figures from the 2008 convention in Denver suggest that party leaders were wildly optimistic to believe they could raise $36 million from “the people.” Of the $61 million the DNC raised for the Denver convention, more than 70 percent came from donations of $250,000 or higher. Nearly a quarter of the convention’s funding came from just 12 donations of more than $1 million. Union groups alone gave $8.3 million (14 percent). Contributions of $100,00 or less—this year’s limit—accounted for only 5 percent of the total.

This entry was posted in Democratic Donors and tagged Charlotte convention, DNC, DNCC, Steve Kerrigan. Bookmark the permalink.



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Democratic National Cronyism

http://freebeacon.com/democratic-national-cronyism



Dem convention co-chair’s company received $230.4M in loans for green projects, hired Podesta Group to lobby
 
BY: Andrew Stiles - February 17, 2012 5:00 am






Jim Rogers, the co-chairman and lead fundraiser for the Democratic National Convention host-committee, is well versed in the art of political cronyism.

Rogers, the CEO of Duke Energy Corp., one of the largest utility corporations in the country, has given generously to Democratic politicians over the years. Along with his wife, Mary Anne, he has contributed more than $210,000 to Democratic candidates and committees since 2008, more than double what the couple has given to Republicans. Of that figure, more than $150,000 went to the Democratic National Committee (DNC); $19,200 went to President Obama.

Rogers is co-chairing the host committee with Charlotte Mayor Anthony Foxx (D), who was elected to a second term in November 2011. Rogers and his wife both contributed $8,000 to Foxx’s campaign, the maximum allowed under state law.

Rogers has also done his part to make sure that the convention has access to plenty of cash. The Charlotte Observer reported that Rogers was “quietly raising” as much as $15 million for the DNC.

Additionally, in an effort to entice the DNC to Charlotte, Rogers and Duke Energy offered to open a $10 million line of credit—guaranteed by Duke shareholders—to help finance the convention.

Duke spokesman Tom Williams told the Washington Free Beacon that the offer of credit was made in the hopes of strengthening Charlotte’s application. “It’s all part of our effort to showcase the city of Charlotte,” Williams said. “Nothing more, nothing less.”

Asked if the credit line had been utilized, a host committee official replied, “not to my knowledge,” adding, “In theory, we raise the $36.6 million. The line of credit is just that. We’re obligated to pay it all back.”

Meanwhile, organizers of the Republican National Convention in Tampa, Fla., say they don’t anticipate needing a line of credit.

“There’s a tremendous amount of enthusiasm and support for the 2012 Republican National Convention,” said convention spokesman James Davis. “Therefore, we have no credit lines in place or plans to borrow money.”

Just as Rogers has helped fund Democratic politicians, they, in turn, have helped steer massive amounts of federal funding to Duke Energy. The 2009 stimulus package, for instance, was a boon for the company: Duke received federal grants totaling $230.4 million for a number of “green” energy projects including “smart grid” development and wind energy storage.

According to Recovery.gov, Duke created 196.6 jobs as a result of the grants.

The company also received a $350,000 grant to assist General Motors in the development of the Chevrolet Volt, the poorly selling electric vehicle that the Obama administration has recently proposed subsidizing at a rate of $10,000 per car.

Rogers’ support for the president’s “green” agenda earned him a spot on the short list to become President Obama’s Energy Secretary.

Though headquartered in Charlotte, Duke maintains an active presence in Washington, D.C., having spent more than $26 million lobbying the federal government on energy-related issues since 2007.

In 2009, the company enlisted the services of the Podesta Group, a lobbying firm founded by John Podesta, the former president of the Center for American Progress and co-chairman of the Obama-Biden transition team, and his brother Tony Podesta. Since then, Duke Energy has paid the firm $860,000 to lobby to “support the passage of climate change and energy legislation” and “energy efficiency and clean energy solutions,” according to a database maintained by the Senate Office of Public Records.

The Duke Energy Political Action Committee, which has tended to give more to Republicans in the past, reversed that trend in 2010, giving $260,000 to Democratic candidates following the passage of the stimulus, compared with just $209,000 to Republicans.

The Washington Free Beacon noted last week that the convention host-committee is operating under very strict fundraising restrictions, refusing to accept money from corporations, lobbyists, or other special interest groups such as unions.

However, these self-imposed restrictions did not prevent Rogers from accompanying convention CEO Steve Kerrigan, a former national political director for Sen. Ted Kennedy (D-Mass.), to Washington, D.C. for a meeting with high-powered lobbyists.

Bloomberg reported that Rogers and Kerrigan were touting an array of expensive convention “packages,” including premium hotels rooms and concierge service, aimed at ultra-wealthy donors. A convention spokesperson said they were simply “educating Beltway types about the new rules.”

The host committee has been charged with raising $36.6 million to help cover a portion of the convention costs. Given the new restrictions, including a $100,000 limitation on individual donations, the goal will be difficult to reach.

For instance, of the $61 million the DNC raised for its 2008 convention in Denver, Colo., more than 70 percent came from donations of $250,000 or higher. Nearly a quarter of the convention’s funding came from just 12 donations of more than $1 million. Union groups alone gave $8.3 million (14 percent). Contributions of $100,000 or less—this year’s limit—accounted for only 5 percent of the total.

It is unclear whether the host committee is having trouble meeting its fundraising target. A committee official told the Free Beacon there were no plans to publicly release fundraising figures before the FEC-mandated deadline of one month following the convention.

This entry was posted in Democratic Donors and tagged Anthony Foxx, Charlotte convention, DNC, Duke Energy Corp., Jim Rogers, Steve Kerrigan. Bookmark the permalink.



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Democrats May Drop Speedway Event at Charlotte Convention
By Hans Nichols - Jun 25, 2012 9:04 PM ET





Democrats are considering canceling their political convention’s kick-off event at the Charlotte Motor Speedway, as party planners grapple with a roughly $27 million fundraising deficit, according to two people familiar with matter.

Convention and campaign officials will make a final decision later this week after Steve Kerrigan, the chief executive officer of the Charlotte, North Carolina convention committee, discusses the matter with President Barack Obama’s re-election campaign, based in Chicago, said the two people, who requested anonymity to discuss internal party politics.

Mayor Anthony Foxx and Duke Energy Corp. (DUK) CEO Jim Rogers are co-chairmen of the Committee for Charlotte 2012, which said that it was committed to the event.

“The Host Committee is not canceling CarolinaFest,” said Suzi Emmerling, a spokeswoman for the host committee.

Kristie Greco, a spokeswoman for the Democratic National Convention Committee, which plans the convention while leaving the fundraising to the host committee, declined to comment on whether the DNCC was still dedicated to the NASCAR-themed day.

In January, Kerrigan said that Democrats were shortening their convention from four days to three, “to make room for a day to organize and celebrate the Carolinas, Virginia and the South and kick off the convention at Charlotte Motor Speedway on Labor Day,” Sept. 3.

Stadium Speech

Kerrigan also announced that Obama would accept his party’s nomination at the almost 74,000-seat Bank of America Stadium, home of the Carolina Panthers professional football team. The outdoor finale would echo Obama’s convention speech at Invesco Field in Denver four years ago.

While the Democrats will receive a $50 million grant from the Department of Homeland Security to defray police costs for the Sept 4-6 convention, security for the Speedway festival may not be eligible because the event isn’t part of the official convention proceedings. With a party ban on direct contributions from corporations, the host committee has raised less than $10 million, well short of its $36.6 million goal, said one of the people.

Republicans will also receive a $50 million grant for their four-day convention in Tampa, Florida, August 27-30.

Last week, the U.S. Senate voted 95-4 to end public funding for the both party’s national nominating conventions, adopting an amendment from Oklahoma Republican Tom Coburn.

Public Money

Coburn has argued that it’s hypocritical for lawmakers to spend public money on their party conventions after criticizing the General Services Administration for spending $823,000 on a 2010 conference near Las Vegas.

The nominating conventions are funded through a combination of public and private money. Congress has appropriated $100 million for security at the conventions with an additional $36 million going to the two parties for other convention expenses.

Republicans have not placed any restrictions on where they raise money and have secured corporate contributions from companies including AT&T Inc. (T), Microsoft Corp. (MSFT) and Coca-Cola Co. (KO), to meet their $55 million target.

Four years ago, corporate entities accounted for more than $33 million of the amount Democrats raised for the Denver convention, according to campaign finance reports. Democrats in Charlotte have a second committee, New American City Inc., that does accept corporate contributions and will help pay for some of the convention’s costs.

Labor Reluctant

In April, representatives of the major U.S. unions, including the AFL-CIO, the International Brotherhood of Teamsters and the United Auto Workers, were given a tour of the convention sites in Charlotte, as Democratic officials prepared to ask them to help cover their funding shortfall.

Labor organizations have been reluctant to contribute to the convention because Charlotte lacks unionized hotels and is in a state where compulsory union membership or the payment of dues is prohibited as an employment condition.

North Carolina is one of about a dozen states that Democratic and Republican strategists say are likely to determine the outcome of the presidential election.

To contact the reporter on this story: Hans Nichols in Washington at hnichols2@bloomberg.net

To contact the editor responsible for this story: Steven Komarow at skomarow1@bloomberg.net

http://www.bloomberg.com/news/2012-06-26/democrats-may-drop-speedway-event-at-charlotte-convention.html


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DNC won’t repay Duke Energy for Charlotte convention costs
 
 
The Democratic National Committee has no plans to repay Duke Energy for an unprecedented $10 million line of credit it guaranteed to help the Democratic convention’s local host committee put on President Obama’s three-day nominating convention in Charlotte, N.C., last September.
 
A Duke company official said the company was claiming the money as a business expense for tax purposes, meaning shareholders will foot $6 million of the cost, according to a report in the Charlotte Observer.
 
The large loan and the secrecy surrounding it have government watchdog groups deeply concerned. They say the arrangement raises serious conflict-of-interest issues for Mr. Obama and challenges his claim to be committed to disclosure and transparency.
 
Since guaranteeing the loan, Duke Energy previously had refused to disclose the payment terms or when it would come due. At the end of January a Duke Energy spokesman referred all questions about the loan to Dan Murrey, a surgeon in Charlotte who was chairman of the convention host committee.
 
Mr. Murrey told The Washington Times only that the line of credit was with two banks — Bank of America and Mechanics & Farmers Bank, which is headquartered in Charlotte. Duke Energy had guaranteed the line of credit.
 
“We are still finishing up some collections and disbursements related to the convention, and the account is still open,” Mr. Murrey wrote in an emailed response.
 
He did not respond to questions about the terms of the loan, how much had been paid off, or whether the host committee must make monthly payments with a deadline for full repayment.
 
A follow-up email restating the questions went unanswered.
 
The Charlotte host committee is a separate organization that is affiliated with the DNC.
 
The White House originally had banned any corporate donations to the convention, but with Democratic donors focused on giving to the most expensive presidential campaign in history, the Charlotte host committee organizing the convention struggled to raise money and reversed course.
 
Duke Energy is based in Charlotte and its CEO, Jim Rogers, has said supporting the convention helped promote the city before an international audience, and in turn, was good for Duke. He said he would have done the same for a Republican convention.
 
“At the end of the day, we’ll do our best to get our money back,” he told the Charlotte Observer in a January interview. “But if we don’t, it’s just a contribution we’re making I think for the greater good of our community.”
 
The company didn’t limit its convention financial support to the loan guarantee. It also donated $4.1 million to a separate fund formed to accept corporate money for parties outside the convention hall and $1.5 million in in-kind contributions to the host committee for office space, furniture and other expenses.
 
Mr. Rogers personally gave $339,000 in cash and in-kind services, including the hiring of a fundraising assistant, the Observer reported.
 
Republicans regularly accept corporate contributions for their conventions, but the Democrats made it harder on themselves by first barring corporate cash or individual donations of more than $100,000.
 
Story Continues →


Read more: http://www.washingtontimes.com/news/2013/mar/1/dnc-wont-repay-duke-energy-charlotte-convention-co/#ixzz2MJylO9B4
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Are you going to bet on your claims of Obama losing?

Answer.

LANDSLIDE!!