Tim Carney’s post on Duke Energy’s financial support of President Obama exposes a huge corporate donation for the president’s reelection.
Carney describes how the company’s $10 million line of credit for the Democratic National Convention is turning out to be an $8 million corporate contribution. The line of credit was needed because the convention fell short of its fund raising goal.
Congratulations to Duke Energy shareholders — you played a big role in the reelection of Obama and perhaps getting the company’s CEO Jim Rogers his next job in the Obama Administration. Rogers’ name has been floated as the next head of the Department of Energy.