In 1992, the Democratic and Republican national convention committees took in a whopping $8 million, combined, in private money. You'd think that would buy all the hooch, hors d'oeuvres and balloons that you could possibly want to throw a really bitchin' political party.
But this year, the two conventions are expected to rake in over $110 million in corporate donations. From AT&T to Google and Kraft, from Morgan Stanley to Lockheed Martin, big business is slapping their logos on official DNC tote bags and throwing swank private soirees for delegates and VIPs.
Bad for democracy, you say? Nah, that's just good business.
Sacramento News & Review