It Figures. Democrats Run Out of Cash For Convention – Cancel Kick-Off Event

It figures. Democrats run their conventions like they do government…
In the red.

Democrats may cancel opening kick-off event due to a cashflow problem.
Bloomberg reported:

Democrats canceled a political convention kick-off event at the Charlotte Motor Speedway and will move the activities to Charlotte’s main business district, the convention’s host committee announced.

“While we regret having to move CarolinaFest away from our great partners at the Charlotte Motor Speedway and the City of Concord, we are thrilled with the opportunity that comes with hosting this event in Uptown Charlotte,” said Dan Murrey, the executive director of the Charlotte in 2012 Convention Host Committee.

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.

Murrey said that logistics, not costs, were behind the decision to cancel the Speedway event.

More… Glenn Reynolds added: DEFICITS. APPARENTLY, OBAMA’S DOING TO THE DEMOCRATS WHAT HE’S DONE TO THE COUNTRY

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