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DNC's substantial loans and debts

Transition alert: Obama’s change agenda on-hold til you pay DNC debts


By Guest Column ——--November 14, 2008

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- Andrew Malcolm, LA Times The Ticket reported, jokingly, the other day about the latest Barack Obama fundraising appeal.
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He's the fellow who raised way more than $605 million and, would you believe it, won the presidential election campaign to bring real change to Washington. As an important part of changing the money culture of Washington he was asking for another $30 donation from everyone on the e-mail list. It seems that in addition to his 6/10ths of a billion dollars to move into the White House, the Democratic National Committee spent way more than the $100 million in cash it had raised. In fact, it took out "substantial loans." Well, it turns out now, the DNC's debts are far worse than originally imagined. Today, Obama's campaign manager David Plouffe sent another urgent e-mail to supporters seeking at least another $30. More...

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Items of notes and interest from the web.



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