Democrats are billing the upcoming Democratic National Committee’s annual convention as a “People’s Convention,” funded by “the people.” At President Obama’s request, the host committee in Charlotte—which must raise $36.6 million to pay for the convention—has promised to refuse donations from corporations, lobbyists or other special interest groups, including unions. Individual contributions are limited to $100,000.
But living up to these ambitious self-imposed rules is proving more difficult than party leaders expected. Local sources say the DNC is approaching wealthy Bank of America executives in an effort to unload some of its premier convention packages. A number of these executives have been shocked at the audacity of the proposition, given the administration’s attacks on not only the bank but also on wealthy Americans in general. President Obama and his Democratic colleagues have repeatedly charged that wealthy Americans are not “paying their fair share” to the federal government in the form of taxes.
The “People’s Convention” features a $1 million “Presidential” level and a $500,000 “Gold Rush” package for Democratic “one percenters.”