Image via My Sapolitics
See? They handle their own budgets like they handle the country’s.
Democrats ended their convention in Charlotte $5 million short of their budget even after being forced to draw down a $10 million line of credit from Duke Energy Corp. (DUK), according to a Democratic Party fundraiser.
That will leave a $15 million bill that eventually will have to be paid by President Barack Obama’s campaign or the Democratic National Committee, according to the fundraiser, who spoke on condition of anonymity to discuss internal deliberations.
$5 million of it apparently needs to be paid right away, while the remaining $10 million will need to be repaid next year.
This is highly unfortunate for the Dems because they’re also facing significant cash disadvantage…
Republican presidential nominee Mitt Romney, the Republican National Committee and two allied super-political action committees reported a combined bank account balance of $169 million on July 31. That compared with $107 million for President Barack Obama, the Democratic National Committee and the pro-Obama super-PAC Priorities USA Action, according to disclosures filed Aug. 20 with the Federal Election Commission.
This is shocking to me considering the Fundraiser in Chief has done about 150 fundraisers already this past year, and has been spamming supporters with at least as many fundraising emails a week – (the latest one requests that you forgo a meal in order to donate to The One.)
Mitt may not do as many fundraisers as Obama does – but he’s making them count.
In Georgia, Republicans are leaving Democrats in the dust in fundraising.
As we approach the fall election season, Georgia Republicans have a commanding 7-1 fundraising lead over the state’s Democrats, according to campaign finance reports.
One of the more revealing facts: The GOP has nailed 45 contributions of $10,000 or greater since January 2011; the Democrats, eight.
The totals — $7.1 million for Republicans vs. about $963,000 for Democrats — don’t even include contributions to the parties in August, money raised by federal candidates or cash flowing to groups that aren’t required to report it.
Maybe it’s time for the GA Democrat party to hire a new Political Director, eh?
Ace and Allah are getting all Eeyorish over the latest Gallup Poll: Bounce? Obama’s job approval at 52% in Gallup, highest since Bin Laden raid
It is horrifying.
But! There are two other post convention polls out right now that tell a different story.
Also, keep in mind, Gallup has been pressured by the Obama administration to show more favorable numbers.
Just so you know…
Latest panhandling scam:
Seems to be working for him…
Found that, here.
Hat tip: Charles B.