The Social Poets: Will The Democrats Go Bust And Cancel Their Convention?: From Denny: The Democratic Party is having some serious financial issues lately. It's only a few months away from the national convention to declare President Obama their candidate for the second time and these guys don't even have enough money to open the doors. That's right.
Talk about strange. Why would anyone hold a convention to elect the only guy running anyway? Better yet, why pay the ridiculous amount of $36 million to hold the three day extravaganza?
Ask them how much money has been raised so far and it's anemic. They say they have another $27 million to find somewhere though they claim they are not struggling. That means they only possess a mere $9 million? What's happening here? Plenty, it seems. It was originally scheduled to be a four day event and has now been trimmed down to three days.
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