September 8, 2012
CAMPAIGNING AS HE’S GOVERNED: Democrats Said to End Convention $15 Million Short. “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.”
UPDATE: Reader Marc Johnson writes: “I wonder how in the Obama administration is in with the green energy companies? The DNC got their loan to cover the convention from Duke Energy. They are a major player in wind and solar. How shocking! I’m sure the ‘investments’ we have made in wind and solar have benefited Duke Energy. Cronyism?”
ANOTHER UPDATE: Reader Roland Mar writes: “Slight correction to the story. Duke Energy did not pay $10 million of the shortfall. You and I did. In 2011 alone, Jim Rogers and Duke Energy received at least $224 million in Federal taxpayer subsidies for ‘green energy projects.’ ‘Green energy’ meaning that the money is gone into Democrat donor pockets. This is just payoff to the Democrats. The $10 million loan is not to start being repaid until 2013. If Obama wins, the Federal government will cover it with another subsidy. If he loses, it will be forgiven.” Here’s more on Duke Energy and green payola.