02-20-2008, 09:51 PM
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Guru
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Join Date: Jul 2005
Posts: 5,664
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i knew romney would be good for something, check this out
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With the Republican presidential nomination within reach, John McCain is reshaping his campaign to press on without public financing that could limit his spring spending, senior advisers say. The Arizona senator’s rejection of the presidential public financing program he once defended is just the latest evidence of how ineffective the post-Watergate reform has become in an era of multimillion-dollar candidacies. Under the public financing program, McCain could spend only about $54 million on all the primaries and caucuses — a sum Democrats Barack Obama and Hillary Rodham Clinton had spent before the first voters caucused in Iowa on Jan. 3. Fair enough. But check out the ending:To be sure, there may be some legal hiccups before McCain’s campaign can surge forward unfettered. During the bleak days of August, McCain announced he would participate in the program. He has been certified by the FEC as eligible for matching money and has taken out a loan based on that assurance. But so far he hasn’t received a penny of public money, since the FEC’s primary account is as broke as McCain’s August war chest. Any challenge would put the issue on the table of the FEC, which isn’t meeting these days because of a congressional fight over appointees. But even if the commission were meeting, one must wonder if the panel — an organization that decided the cost of field organizers doesn’t need to be added to the overall cost of winning a state primary — would tell the Republican Party that its nominee can’t slip through a newly carved loophole and arm himself for battle against a significantly better funded and unrestricted Democratic nominee.
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http://www.evangelicalsforromney.com/
well lookie here what i found ... read on. it appears McCain did not decide on public financing until he was forced to recognize he would have no funding otherwise. appears to be the exact opposite of Obama's position. so, McCain filp-flopped on the issue already
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Senator John McCain, the Arizona Republican whose presidential campaign is in dire financial straits, is eligible to receive public financing for his struggling bid, the Federal Election Commission said Tuesday. Mr. McCain requested authority to receive matching money on Aug. 10, but his campaign said he had not decided whether he would ultimately accept it. Doing so would put him at a major disadvantage against his well-financed rivals, Rudolph W. Giuliani and Mitt Romney, who are likely to forgo public financing and thus free themselves from spending limits. "We have not made a final decision,” said Jill Hazelbaker, a McCain spokeswoman, “but we are doing what’s necessary should we decide to opt into the matching fund system.”
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Mr. McCain is the first 2008 presidential candidate to be declared eligible to receive matching money. Should he take the cash, it would be a major strategic shift for a candidate who for months believed that he would not need public money. Mr. McCain, the former presumptive front-runner for the Republican nomination, set out to raise $100 million or more this year and drew up a budget based on that assumption. But the money did not come in as expected, and campaign spending was exorbitant. The campaign was all but broke by July.
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http://www.nytimes.com/2007/08/29/us...cs&oref=slogin
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“Mayor Palin fails to have a firm grasp of something very simple: the truth.”
[Frontiersman editorial, 2/7/97] "God Bless John McCain, and John Bless America." - Fred Thompson
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Originally Posted by static_engineer
... You see, justbubba knows everything!
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