McCain Able to Skirt Limits of Federal Financing

[liberal N proud]

<snip>
Obama's record $66 million haul in August and the money that poured into his campaign last night have helped feed the impression that the senator from Illinois will have a substantial financial advantage over Republican Sen. John McCain (Ariz.) heading into the final weeks of the presidential campaign. But presidential strategists and campaign finance experts expressed surprise yesterday that Obama's decision to become the first presidential nominee to swear off public funding for the general election -- and McCain's decision to finance his bid with a single $84 million infusion from the federal government -- has not given Obama a clear financial edge.

<snip>

With backing from the Republican National Committee, McCain has taken advantage of loopholes such as "hybrid" television advertisements and joint fundraising committees that may keep him close to financial parity with Obama.

McCain's campaign team has argued privately for months that he would be able to raise enough money to be competitive in the fall, and RNC officials announced earlier this week that the party would enter the general-election period with $110 million in its various accounts. Combined with McCain's federal infusion, the Republican candidate had about $200 million at his disposal. When his total is added to funds held by the Democratic National Committee, Obama began the month with about $94 million at his disposal and the ability to continue raising as much as he can.


But publicly, Republicans have not hesitated to cast McCain as being at a disadvantage, and during an appearance yesterday in Vienna, Ohio, the GOP nominee used the occasion to note that his rival's hard-edged comments about McCain and the economy came "just before he flew off to Hollywood for a fundraiser with Barbra Streisand."


http://www.washingtonpost.com/wp-dyn/content/article/2008/09/16/AR2008091603321.html?wpisrc=newsletter

McCain making a joke out of laws he help write

[Skidmore]

1. Well, he would know where the loopholes are since he wrote them

into the legislation.

[Window]

2. Right you are.

Peace:thumbsup:

[GoesTo11]

3. That's honor for ya.