Five million in immediate debts, and another ten million in an activated letter of credit that will need to be paid off next year. Free advice to the people wanting to be paid: get that money NOW, because the DNC isn’t going to want to pay it and Obama for America simply won’t. Free advice to Duke Energy Corp (the corporation that gave the Democrats the letter of credit): remember the several years of aggravation that you’re about to go through the next time that the Democrats ask you for money. Free advice to the DNC… no, sorry, as long as Debbie Wasserman Schultz is your chairwoman you’re pretty much screwed.
Lovely day today, isn’t it? – Says the man comfortably certain that the DNC gets to start the next election cycle ten million extra bucks in the hole.
Moe Lane
Via Instapundit.
I’m shocked that the Dems don’t know how to manage money. I guess deficits don’t matter for them either.
One big dysfunctional family that keeps enabling daddy and his illness…
A thought occurs to me, and it fills me with sadness and tears of a most sincere nature: what will the DNC do once Obama loses? From all appearances, DNC and OfA are virtually indistinguishable at this point. Methinks the divorce may be… non-amicable.
Free advice to the people wanting to be paid: get that money NOW, because the DNC isn’t going to want to pay it and Obama for America simply won’t. Free advice to Duke Energy Corp (the corporation that gave the Democrats the letter of credit): remember the several years of aggravation that you’re about to go through the next time that the Democrats ask you for money.
What makes you think they didn’t plan on this? Would you be astonished to discover that Duke Energy and the other “lenders” will just use the unpaid debt as a tax writeoff? I suspect that these “debts” are just another form of money-laundering, a way to get around campaign finance laws.
I’m sure the Justice Department in Obama’s second term will scrutinize this tactic very skeptically. Nudge-nudge, wink-wink.
A side point, Murgatroyd… isn’t Duke Energy’s play nat-gas “peaker” plants? That is, auxillary clean plants that “augment” other sources?
It’s seemed to me for a while that synthetic natural gas – clean burning and can be converted from other dino sources including oil and coal – may be the way the Dems hope to stifle the Greens. “Hey, we cut the hell out of carbon emissions…”
Mew