President Obama’s political party – the Democrat National Committee – will not repay millions Duke Energy provided to help pay for the September, 2012 Democratic convention in Charlotte, N.C.
This is the national political game as usual. I don’t care if it’s the DNC or the RNC. This is bad.
The Democratic National Committee has no plans to repay Duke Energy for an unprecedented $10 million line of credit it guaranteed to help the Democratic convention’s local host committee put on President Obama’s three-day nominating convention in Charlotte, N.C., last September.
A Duke company official said the company was claiming the money as a business expense for tax purposes, meaning shareholders will foot $6 million of the cost, according to a report in the Charlotte Observer.
The large loan and the secrecy surrounding it have government watchdog groups deeply concerned. They say the arrangement raises serious conflict-of-interest issues for Mr. Obama and challenges his claim to be committed to disclosure and transparency.
This was all for a big, three-day party. Not an entitlement program, not defense spending, not welfare, not Social Security, not Medicare … and it is all perfectly legal. That said, I think it should remain legal since this is just one of the symptoms derived from the real disease. Are we going to continue to bitch and moan about the symptoms, trying to cover them up with new regulations and “transparency” theater, or do we have the guts to treat the disease?
One has to wonder what will happen when Duke Energy visits the White House during the next few years. What will they ask for? What will their access level be? Who cares, it’s only $6 million.