Posted on 10/19/2012 4:23:13 PM PDT by Steelfish
Breaking Vow, Democrats Used Corporate Cash To Pay For Convention Democratic National Convention organizers used money from a committee financed by Bank of America and other companies to rent the venue, filings show.
By Matea Gold October 18, 2012 WASHINGTON — Democratic convention organizers broke their pledge to put on their quadrennial gathering in Charlotte, N.C., this year without corporate donations, using $5 million from a committee financed by companies such as Bank of America, Duke Energy and AT&T to rent the Time Warner Arena for the three-day event.
The payments, revealed in reports filed Wednesday evening with the Federal Election Commission, came after party officials said they would produce the convention without corporate money, a self-imposed ban set by the Democratic National Committee.
The limits were part of President Obama's vow to curtail the role of big money in politics, a goal he has struggled to meet. He railed against the influence of outside groups in elections, but gave his blessing earlier this year to a "super PAC" supporting his reelection after GOP-allied groups began to spend millions of dollars to defeat him.
In the run-up to the September convention, organizers said the ban on direct contributions from corporations, lobbyists or political action committees had not hurt their fundraising efforts.
And during an interview in Charlotte last month as the festivities were in full swing, DNC Chairwoman Debbie Wasserman Schultz insisted that organizers had "exceeded that bar," financing the event without special-interest money.
"Even though it was quite challenging … we are so proud that we made sure that this was the most open and accessible and inclusive community-oriented convention in history," she said.
But FEC reports show that convention organizers failed to reach their $36.7-million goal, raising just $24.1 million.
(Excerpt) Read more at latimes.com ...
They are still 12M in the hole and it looks like they will loose NC to boot!
Anyone who is surprised by this shouldn’t be.
He only "struggled" with it until it became inconvenient.
SO the Dems are admitting they’re hypocrites? (yawn)
more Liberal hypocrisy - by a mile!!!
they are always campaigning about corporate spending, when it comes to “politcial campaigns”, but what is a political party convention but one giant political campaign event!!!
and what is a political “network”, but giant corporations like ABC, NBC, CBS, CNN and MSNBC!!!
the only corporate contributions for politics the lying Democrats are truly concerned with, are truly ever going after, are corporate contributions to their opponents!!
Democratic Party, Hypocrites is thy middle name.
Why are thses people not in jail where they belong!??
(It’s a rhetorical question - no need to respond)
Donald J. Trump @realDonaldTrump @MittRomney's @RNC convention came in over $3M under budget. Barack’s @DNC convention is over $10M in debt. What a surprise!
only to scrap that plan and remain at the arena when the weather attendance shortfall turned ominous.
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