Interesting article on Hot Air about BO’s Campaign Finances
The FEC reports for the month of July will not be out until Aug 20th , so, who knows? But I can tell you the article incorrectly references BO’s total for the month of June as $71 million. It was actually $54.8 Million. It looks like the transfers are being double counted.
Obama for America got $45.9 million in contributions including $17.2 million transferred form the Obama Victory Fund 2012 . The Obama Victory Fund 2012 took in $36.1 million. 45.9 – 17.2 + 36.1 = 54.8
The DNC generally does not transfer to the OFA. The OVF transfers in and out of the DNC and OFA as the joint account.
Obama for America:
$45.9 Million, Line 20 Total Receipts
$17.2 Million, Line 18 Transfers from other Committees
Obama Victory Fund 2012:
$36.1 Million, Line 20 Total Receipts
Line 22 disbursements with $17.2 million to OFA
Well, the FEC Reports are out, showing BO’s Boise lying again. Are these people pathological or are they really too stone stupid to do the math? The total Obama for America and Obama Victory Fund Receipts were $69.8 million. You have to double count the Obama Victory Fund transfer to get over $75 million as the campaign had claimed earlier this month for July.
Line 17.e Total Contributions $39,366,275.82
The $9,300,000 is from the OVF
So, to count their receipts towards the total, the transfer is discounted.
Line 11.d Total Contributions $30,418,128.28
That’s $39,366,275.82 + $30,418,128.28, not $75 million
Is it any wonder the country is in economic trouble?
The FEC has been dogging them on the overlimit funds and other irregularities and they just can’t seem to get their books balanced.
FECK Obama Team