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Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election.
Top Candidate Recipients, 2011-2012
Mitt Romney (R) $668,139
Barack Obama (D) $169,112
Its curious why his campaign would need to borrow money at all. like you said, both campaigns are flush with money.
I wonder if since fundraising is over, if they over projected their totals and needed a cushion for expenditures til the end of the campaign? that would be my only guess.. That they over spent initially, and expected further donations. I could be very wrong though
Considering all the milliions he has raised the only explanation is he is not raising enough.
Altho getting a loan for campaigning is not unheard of also believe that the Obama campaign paid off Clintons campaign debts.
Not really crony capitalism on display just Americans how ran out of that thrill up their legs.
Originally posted by neo96
reply to post by sonnny1
That is just it tho the dude raised 181 million in September and now needs a loan?
Been saying the guy has been bad with other peoples money for the last 4 years this only proves that.