posted on Jul, 2 2012 @ 11:48 AM
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.
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.
2-7-2012 by jjf3rd77 because: (no reason given)