Post News . Share Ideas . Inspire Innovation . Get Informed . Get Involved

Thursday, May 3, 2012

Wall Street Journal Reports $20 Million DNC 2012 Shortfall

Mayor Foxx and the rest of Charlotte’s enthusiastic officials promised at the onset of campaigning for the Democratic National Convention 2012 that Charlotte’s citizens would not pay a penny toward expenses for the convention.  They said the DNC 2012 would complete its own fundraising and have contingent funds to cover any overages.
In May 2nd’s Wall Street Journal, BRODYMULLINS and PETER NICHOLAS report the Democrats are struggling to raise money …in part because they've barred corporations and lobbyists from contributing.”
Now, one set of donors the party was banking on—organized labor—says it won't help pay for the event or will scale back contributions, partly because it is upset that the convention will be in a state considered unfriendly to unions.

Labor unions chipped in $8.6 million of the $60.5 million the party spent in 2008 in Denver. This year, a number of construction unions, as well as the labor organization Unite Here, plan to give nothing, officials say.
.  .  .

"We are making no contribution this year," said Tom Snyder, a top official at Unite Here, which contributed $100,000 to the 2008 convention. "That's all I'm going to say about that," he said.
.  .  .

Democrats are about $20 million short of their fundraising goal of $36.7 million, according to two prominent Democrats who have been briefed by convention planners.

No comments:

Post a Comment