Democrats low on cash – cancel September DNC convention kick-off event at the Charlotte Motor Speedway
Aww. Poor Democrats. Low on cash for their candidates up for election this November, including the Messiah Obama are really in trouble. Remember when Obama bragged about how he would raise a billion dollars this election cycle? That ain’t going to happen, and the DNC is lagging behind even worse. Their convention is set to start on September 4th in Charlotte, North Carolina, and already they are beginning to downsize. According to Bloomberg News, the DNC has cancelled their kick-off event at Charlotte Motor Speedway. The DNC’s goal was to raise $36.6 by this point in the election cycle. They have raised only $10 million so far.
The move comes as party planners are grappling with a fundraising deficit of roughly $27 million, according to two people familiar with the matter who requested anonymity to discuss internal party politics. With a party ban on direct contributions from corporations, the host committee has raised less than $10 million, well short of its $36.6 million goal, said one of the people.