Why would President Obama need a $15M dollar loan for his campaign when he has already raised hundreds of millions of dollars in fundraising? As a matter of fact President Obama is zeroing in on the 1 billion dollar mark.
Okay so yet again what is an extra 15 million dollars going to do for his campaign? Here are the details for the loan uncovered by the Washington Free Beacon that was incurred on September 4 and is due November 14, eight days after the election.
According to FEC.gov(fact check here) President Obama has nearly doubled the campaign dollars that the Romney campaign has brought in.
The Free Beacon was also quick to point out President Obama’s connections to Bank Of America through Obama supporter Warren Buffet who invested $5 billion in Bank of America last year. Also President Obama was suppose to use the Bank of America Stadium in Charlotte for his acceptance speech before bad weather ruined that.
Does it worry you that Presidential Candidates have such close ties to banks? Do you feel as though such large contributions should be spent on hitting the campaign trail? Please comment and share your thoughts on the reasoning behind this transaction.
President Obama takes out $15M Loan from Bank of America for campaign.