Democrats Miss Marks to Finance Convention


	Democrats Miss Marks to Finance Convention

reimers

5-28-2008 1:27 PM

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reimers says:

There are many reasons that have been floated for the money woes faced by the Denver committee. It is not uncommon for host committees to lag in fund-raising, only to see large donations arrive in the month before the convention. And some are concerned that the protracted nominating fight between Senator Hillary Rodham Clinton of New York and Senator Barack Obama of Illinois has made fund-raising more difficult.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5b768b13-f67e-4c5d-9988-33b0d0eb972f/0719300C-3F3F-407E-ACD7-CB9AED3556C1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/05/28/us/politics/28convention.html?_r=2&ref=politics&oref=slogin&oref=slogin" href="http://www.nytimes.com/2008/05/28/us/politics/28convention.html?_r=2&ref=politics&oref=slogin&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/05/28/us/politics/28convention.html?_r=2&ref=politics&oref=slogin&oref=slogin">The <A title="More articles about Democratic Party" href="http://topics.nytimes.com/top/reference/timestopics/organizations/d/democratic_party/index.html?inline=nyt-org" linkindex="38" set="yes">Democratic Party</A> is struggling to raise money for its convention in Denver on Aug. 25-28, with fund-raising by the host committee falling far short of the party’s goals and lagging behind the Republicans’ efforts for their convention in Minneapolis-St. Paul.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/05/28/us/politics/28convention.html?_r=2&ref=politics&oref=slogin&oref=slogin"> So far, the Denver host committee is about $15 million short of the $40.6 million it must raise by June 16. With only $25 million raised so far, the committee is scrambling to offer a new round of special deals for corporate underwriters, as well as to devise a backup plan should the fund-raising fall short and plans for the convention need to be scaled down.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/05/28/us/politics/28convention.html?_r=2&ref=politics&oref=slogin&oref=slogin"> “We will raise the money,” Chris Lopez, a spokesman for the host committee, said. “We are working every day to get it done. We are in a situation where we have to get it done and we will. We can’t make any excuses.”</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0719300C-3F3F-407E-ACD7-CB9AED3556C1/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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