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Krauthammer: Dem Convention Downgrade Not Due To Obama's Lack Of Self-Regard

"I think the reason that they're scaling back from the extravagance and the pomp of Colorado in 2008 is not because of any diminution of Obama's self-regard, it's because they're running out of money," syndicated columnist Charles Krauthammer said about the Democratic National Committee's decision to scrap a kick-off event at the Charlotte Motor Speedway.

"I think they also understand that there would be very little interest when you re-coronate a president, there's nothing an audience. At least the first time around the person is new, you haven't heard him, it could be exciting. With Obama, of course it was exciting for historic reasons," Krauthammer said on the All-Star Panel portion of FOX News' "Special Report."

"This time people have seen Obama so many times on national television and the well of vast representatives, I think it's going to be a draw audience for the three days, let alone for the four. I think the interest will be on the Republican, which will be a challenger. Romney is relatively new on the scene and of course there will be a number two nobody probably has heard of until now or at least will not have been exposed until now," Krauthammer said.

Krauthammer also joked that he would not be attending the convention.

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