Obama Campaign Borrows $15M from Bank of America

Warren Buffett invested $5B in BofA last year

Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election. OFA received an interest rate of 2.5% plus the current Libor rate.

Warren Buffett, Obama donor and namesake of the infamous “Buffett Rule,” invested $5 billion in Bank of America last year in an effort to help the ailing financial institution. Last month, two weeks after OFA took out the loan, Bank of America announced a plan that would lay off 16,000 workers by the end of the year.

Obama has a complicated relationship with Bank of America. The bank contributed $20 million toward the cost of the Democrat National Convention earlier this year. Bank of America stadium, home to the Carolina Panthers, was supposed to host Obama’s acceptance speech. At the last moment, the campaign switched to a significantly smaller venue. The campaign claimed that an impending storm would not allow the President to deliver his address. Many questioned whether move was made because the campaign was having trouble filling such a large stadium.

It is unclear why the first $1 billion campaign needed an extra $15 million for the final two months of the campaign.

Via: WFB

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Obama Campaign Staffer Threatens NAACP Official: “We’ve Been Watching You, And Since You Don’t Support Obama, We’ll Deal With You”…

CHICAGO (CBS) — The President of the South Suburban Branch of the NAACP alleges a director of the re-election campaign of Barack Obama has threatened and intimidated him because he doesn’t support the president.

WBBM Newsradio’s Mike Krauser has the exclusive story.

LISTEN: WBBM Newsradio’s Mike Krauser Reports

David Lowery says he believes he was threatened during a phone conversation with Louis Raymond, the Illinois political director for Obama for America.

Lowery says he doesn’t personally support the president because he’s not addressing issues important to the black community. He said he was explaining that to Raymond when the Obama campaign official told him, “You know what? I know everything about you.”

Lowery says Raymond added, “We’ve been watching you, and since you don’t support Obama, we’ll deal with you,” before hanging up.

Lowery filed a report with the Oak Forest police report, he says, “in case something happens.”

He says it was suggested the NAACP should automatically back the president. Lowery notes a non-profit cannot support a particular candidate.

He says it’s a clear signal the Obama campaign is concerned about the black vote.

Lowery hosts an internet radio program called “Let the Truth Be Told,” where he’s made no secret of his displeasure with the president.

Louis Raymond declined to comment. The Obama re-election campaign issued a written statement in response to Lowery’s claims.

“Unfortunately there seems to have been a miscommunication regarding this conversation and we have since discussed with the campaign staffer in an effort to clarify the matter. The President continues to support the mission and principles of the NAACP and the work they do,” the statement said.

Lowery says he’s not for Romney, either.

Via: CBS Chicago

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Obama ad: Romney 'dangerous' for women's health

A new Obama campaign television ad accuses Mitt Romney of being "dangerous" for women's health.

"Mitt Romney's position on women's health — it's dangerous," one woman says in the ad.

"We can't afford to let him take away our choices, to take away basic health care," she says.

UPDATE: The Obama campaign says the ad has been airing since September 4th in Colorado, Iowa, Nevada, Ohio and Virginia. The campaign also says that the spot, along will all other ads, it is not airing Tuesday, the anniversary of the 9/11 attacks.

UPDATE II: “This misleading, tasteless ad released today says more about the President’s failure to change the tone in Washington than words ever could. It also serves as a stark reminder that the President’s policies on the most important issues facing our country have been an abject failure. Fortunately, the American people will have the chance in November to judge President Obama on his record,” Romney spokeswoman Amanda Henneberg said.

Via: Politico