Democrats almost $15m short of convention budget

[bijou]

Despite record-smashing fundraising by Barack Obama and his fellow Democrats, the party is losing to Republicans in the race to finance this summer's presidential nominating conventions.

The Democrats have raised only $25m out of the $40.6m needed to meet a June 16 deadline for funding the party's August convention in Denver. Republicans, by contrast, expect to hit the cash target for their party's September convention, to be held in Minneapolis-St. Paul.

Denver mayor John Hickenlooper said earlier this month that the Democratic host committee would eventually find its footing. But he admitted to the city council: "My greatest fear is if we aren't able to raise the money."

The Democrats' convention troubles may stem from a bitterly fought race between Obama and Hillary Clinton that has discouraged some party faithful.

The relative lack of corporate sponsors to approach in the Denver area, when compared with Minneapolis-St. Paul, is also a factor.

...more...

http://www.guardian.co.uk/world/2008/may/28/uselections2008.usa1

[Lord Undies]

Sounds to me like the democrats need to tax their rich.

[Lacarnut]

Dean has done a marvelous job in providing this shortfall.

[Willow]

Sounds to me like the democrats need to tax their rich.

 

[Lauri]

i didnt read the link  yet but is there a breakdown as to what that 40 million buys?

[bijou]

i didnt read the link  yet but is there a breakdown as to what that 40 million buys?

No not specifically, it is anticipated in the article to include the rental on the arena and media facilities.

[Chris_]

i didnt read the link  yet but is there a breakdown as to what that 40 million buys?

About 20 super delegates, if you can get them on sale.

[Wretched Excess]

fund raising is something of a zero sum game.  the staggering amount of money that obama is raking
in has got to be costing dem fund raising efforts somewhere else.  it looks like that "somewhere else"
is the DNC.

[Chris_]

Maybe they can reduce the targeted $40.5 million.  Their booze budget could drop by a couple of million dollars since it is unlikely that Fat Ted will be there.      

[Wretched Excess]

Maybe they can reduce the targeted $40.5 million.  Their booze budget could drop by a couple of million dollars since it is unlikely that Fat Ted will be there.      

yeah, but with the clenis attending, there will be millions of dollars in "incidental expenses".

basically, cheeseburgers and cheap wimmins.

[dutch508]

Soros can shit 15 million after a lunch.