$100 million goal for McCain's top fundraisers.

[Eric J in MN]

http://online.wsj.com/article/SB122048260041496857.html?mod=todays_us_page_one

John McCain's top fund-raisers met privately here Wednesday to begin a new effort to raise $100 million in the final two months of the Republican presidential candidate's campaign.

If the target is met, the new financing, combined with the $75 million already raised by the Republican National Committee and the $85 million Sen. McCain will get from the government, would go a long way toward closing the money gap with Democratic rival Barack Obama.

...Sen. McCain's fund-raising operation has rebounded since he emerged as the presumptive Republican nominee. One reason is due to a fund-raising account that allows Republicans to solicit individual donations of as much as about $70,000, far above the normal limit of $2,300 per individual per election.

The account, called the McCain Victory Committee, collects large donations and divvies them up into legally acceptable chunks to other political entities to spend on Sen. McCain's behalf, including the Republican National Committee and state-level Republican parties in key states. Though Democrats have set up a similar system, they haven't merged their various fund-raising committees, making for a more cumbersome procedure for donors.

After this election, I'd like for Congress to ban "Victory Committees" which collect $70,000 per person.

It goes against the intent of campaign finance reform, which is to lessen the ability of the rich to influence politicians.

[BuyingThyme]

1. He's gonna get a lot of Jesus cash now.