Don’t expect the 2012 Democratic convention in Charlotte, N.C. to be very fancy. That’s because President Barack Obama banned corporations and lobbyists from helping to finance the event,
Politico reports.
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| N.C. Gov. Bev Perdue |
“I would say it would make the fundraising for [North Carolina] Gov. Bev Perdue and the host committee exponentially more difficult and more challenging,” said Mike Stratton, a lead fundraiser for the 2008 Denver Democratic convention host committee that raised more than $50 million.
The Charlotte convention host committee is supposed to come up with $40 million, but that total may end up much higher if the city doesn’t receive federal assistance for the stringent security required at such events.
In 2008, Congress gave $50 million to each party for convention security. But that money came in an earmark, and Obama promises to veto earmarks this year.
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