McCain Eligible for Public Financing

[mikeytherat]

Source: UK Guardian

CEDAR RAPIDS, Iowa (AP) - Republican John McCain, his presidential campaign trying to climb out of dire financial straits, is eligible to receive public financing for his struggling bid, the Federal Election Commission said Tuesday.

The Arizona senator quietly requested authority to receive matching funds on Aug. 10, but his campaign said he has not decided whether he would ultimately accept the money. Doing so would put him at a major disadvantage against well-funded rivals Rudy Giuliani and Mitt Romney, who are likely to forego public financing and, thus, free themselves from spending limits.

``We have not made a final decision, but we are doing what's necessary should we decide to opt into the matching fund system,'' McCain spokeswoman Jill Hazelbaker said.

The FEC decision merely means that McCain has met the requirements to receive some amount of money. He is the first 2008 presidential candidate to be declared eligible to receive matching funds.

Read more: http://www.guardian.co.uk/worldlatest/story/0,,-6881779,00.html

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Johnny Mac, beggin' for scraps.

mikey_the_rat

[kirby]

1. Translation:

His campaign has earned so little money that he is easily under the limits that other candidates exceeded - so he can get matching funds from all the people stupid enough (< 10%) to check 'Yes' I want $3 (of someone else's money) to go to the public financing fund on their tax returns.

[D23MIURG23]

2. Translation: noone in the private sector is dumb enough to invest in the forked tounge express.