In case you haven’t heard, the Democratic Party is having a bit of trouble figuring out how it’s going to pay for its national convention this year.
Seem surprising? It should. Usually if you’re one of the only 2 major political parties in the wealthiest country on Earth, and you are defending an incumbent president, money isn’t exactly hard to come by. Unless, of course, you ban virtually every form of political fundraising in a PR stunt, and then what you thought was your one loyal source of free cash gets testy. I’ll let the Wall Street Journal elaborate:
Democrats are struggling to raise money for the party’s national convention this summer in Charlotte, N.C., 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.
That’s right. Dems apparently picked the WRONG state for this strategy to work.
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.
The International Brotherhood of Electrical Workers gave $1 million in 2008, but it isn’t planning to contribute this year. It cites North Carolina’s “right to work law” that is opposed by unions, as well as labor’s need to spend money on grass-roots campaign work.
Oh, and lest you think someone like Warren Buffett will just swoop in and donate the deficit himself:
Individual donations were capped at $100,000.
Posted by CR 

