McCain Camp Says He Can Avoid Money Caps

[ShockediSay]

Source: Associated Press

WASHINGTON (AP) — Sen. John McCain's presidential campaign told federal regulators Monday that he does not need their approval to withdraw from the public finance system for the primaries.

The campaign, in a letter to Federal Election Commission Chairman David Mason, also said McCain did not encumber his potential share of public matching funds as collateral for a crucial $4 million loan he obtained late last year....

McCain's loan, from Fidelity & Trust Bank, has become a central issue in the Arizona senator's attempt to bypass the public financing system and the strict spending caps that come with it. Mason told McCain last week that the commission's approval was required and that he needed to explain the terms of his loan.

Read more: http://ap.google.com/article/ALeqM5jSgCX-MGmRepsojAyirvJbg2ZztAD8V1O4V80

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This guy is just not stable

One minute he's campaigning to get
lobby money out of campaigns, next minute
he's bending, if not breaking, the law to
get lobby money into his campaign.

'Age Associated Politico Dementia'

[customerserviceguy]

1. The real delusion

is that he thinks he's going to get money from the Repukes. The fat cats have already resuscitated him from the dead, and I'm sure they're tapped out. Even the right wingers I work with cannot stand the guy, they might toss him a vote, but they surely will not dig into their pockets for him.

At least as long as all McCainiac has to face is Obama. If Hillary's the candidate, I might be wrong in the above assertion.

[spag68]

2. McCain

Maybe he got the loan from one of those Keating 5 guys, They are out of jail now!!!!!

[gratuitous]

3. Yeah, who pays attention to the law anyway?

Some obscure bit of legislative legerdemain titled "The McCain-Feingold Act." {Ulp!} Well, I'm sure that the media won't be too worried; after all, this is Straight-Talkin' Johnny Maverick! He's above petty considerations like following the law he wrote.

[olddad56]

4. He is entitled to break any law he wants, he is a republican.

[comtec]

5. The best reason for NOT releasing him is he abused the system

That is, as I understand it from David Bender, what mc-shame did was use a provision in the public financing laws to get him ON THE BALLOT IN EVERY STATE!
That is when you accept public only money, you are AUTOMATICALLY put ON the ballot!!!
It's compensation for 'not having the funds' to do so otherwise, which is reasonable.

So it's not as tho mc-flop has not USED the benefits of being publicly funded, he has! He is BOUND to those laws... if only we had a congress that would enforce campaign finance reform... sigh... I can hope, dream, and wish...

[Supersedeas]

6. the Straight Talk Express keeps spinning and spinning and spinning those Propoganda wheels

[cstanleytech]

7. Yeah but you gotta admit

the McCain Show is fun to watch.
Brings back fond memories of when i was little and used to play with spinning tops, they spun around and around and you never knew when they would fall but you always knew they would eventually but they were still fun.
Especially the multicolored ones, they were just so garish much like McCain *grin*

[ReformedChris]

8. The Straight Talk Express might need to run on Alcohol..

They will probably have to delve into Cindy McCain's beer distributing fortune to keep afloat in the end. Hell, the old man is in his 70's what does he have to lose financially? Let the little angry man try to get around the money issue, the second he is exposed for what he is HRC or Obama will eat him alive and he will lose his support.