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DNC, "Smack of Crony Capitalism."

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posted on Jul, 2 2012 @ 11:48 AM
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The decision this week by the host committee of the Democratic National Convention to scrap a major event has sparked new concerns about the committee’s financial situation -- including a $10 million line of credit and a utility company’s connection to the deal.



www.foxnews.com... e_editors_picks=true#ixzz1zU78QKpH

The announcement, though, about plans to move opening day events follows a report that the host committee has so far raised only $10 million -- roughly $26.65 million less than required in its contract.


There's no secret that the DNC has been having trouble raising money, but now they are using companies which have been bailed out with Obama stimulus money and shareholders close to Obama himself, raises questions among the democrats about how far down the rabbit hole they should go.
edit on 2-7-2012 by jjf3rd77 because: (no reason given)




posted on Jul, 2 2012 @ 12:13 PM
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One down. Now if we could bleed the revenue out of the repubs and the irs hands then this country sould have some hope and change we all could believe in.

But being millions in the hole, maybe the dems now do know what its like to be one of the rest of us.



posted on Jul, 2 2012 @ 01:04 PM
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I'm afraid crony capitalism belongs to both parties. Just more of the same since corporations are people, that's where the majority of both parties money is and will be coming from.



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