THE PARTY OF BIG BUSINESS

4/10/13

A few years ago the dems bragged that it had adopted new rules barring corporate and individual donations over $100,000.
Their Chicago convention was called the “people’s convention”. The DNC secured a $10 million credit line from Duke Energy Corporation. And as it happens Duke’s CEO headed up the party’s fundraising efforts for the convention. The host committee insisted it did not intend to tap this credit line, but a month after the convention tool place the DNC had raised just $24.1 million of the $36.6 million it pledged to raise in order to pay for the convention.
Duke Energy was making shareholders foot a $6 million bill to pay for the convention, in violation of the much-touted DNC rules on campaign donations. Duke Energy is one of the most active members of the US climate Action Partisanship. About half the electricity the company supplies come from traditional coal-fired plants: the other half comes from nuclear power.
By the way Dukes nuclear plants, which don’t emit any greenhouse gases—much more valuable and most of the company’s coal-powered energy plants are in areas where they have a government-enforced monopoly. They can just pass extra costs on to consumers who will have to pay higher rates or go without electricity. Duke also has growing windmill and green energy interests and they rake in the green energy subsidies that Dems are so fond of distributing. Also Duke’s Energy CEO Jim Rogers is a former Enron executive!
Supplying America with cheap oil from Canada might just make Dukes green energy PORTFOLIO that much less valuable.
Five federal environmental studies have been done in 54 months without yet granting final approval. The Canadian government approved the pipeline in 6 months.
In January it was reported that the DNC still owes $15 million to Amalgamated Bank of NY, which is majority owned by the SEIU.
Dems may say they want corporations and special interest subject to new campaign finance laws, but it turns out they actually win campaigns by letting those same groups pick up the tab.

Source—weekly standard, charlotte observer

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