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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Al Doggity on October 21, 2008, 10:48:14 AM

Title: McCain Relies on Funding Loopholes
Post by: Al Doggity on October 21, 2008, 10:48:14 AM

To shed some light on the stolen election bull. Cliffs for the ADD afflicted:
http://online.wsj.com/article/SB122455082328052539.html

• Sen. John McCain's presidential campaign is relying on loopholes in campaign finance law to raise and spend money outside of the government's public funding program.
• the law allows him to create what's called a "compliance fund" to pay for legal fees associated with complying with campaign finance rules.
• The bulk of Sen. McCain's expenditures were to pick up part of the tab for television and radio ads -- the first time a candidate has been allowed to do that before an election.
• While he's technically not allowed to accept campaign cash, his Web site directs supporters to a fund-raising committee that sends money to the Republican National Committee and a number of state parties in swing states around the country. That money will be used on his behalf.