Dems used corporate cash on covention

WASHINGTON – Democratic convention organizers broke their pledge to stage the three-day meeting without corporate donations, using $5 million from a committee financed by companies such as Bank of America, Duke Energy and AT&T to rent the Time Warner Arena for the three-day event.

The payments were revealed in reports filed Wednesday evening with the Federal Election Commission.

The limits were part of President Barack Obama’s promise to curtail the role of big money in politics, a goal he has struggled to meet. He railed against the influence of outside groups in elections, but gave his blessing this year to a “super PAC” supporting his re-election after GOP-allied groups began to spend millions of dollars to defeat him. Read more.

Can political parties survive or even exist without corporae cash?