Why you might ask? Well, because in addition to spending over 600 million dollars of his own campaign money, plus 100 million dollars of the Democratic National Committee’s money, the DNC actually took out substantial loans for the Obama campaign that now need to be paid back!
The Ticket reported, jokingly, the other day about the latest Barack Obama fundraising appeal.
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.
Apparently, the Obama campaign spent about a billion dollars on this election. That’s a travesty any way you look at it.
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