It just went right over his head. He presented a little of it and ignored the rest because it took too much checking and investigating. Of course the DNC Kicking Ass blog has it all spelled out clearly. But that is just too easy.
The blog even has a copy of the letter Howard Dean got from the FEC in 2003
so he could opt out of public financing. John McCain has no such letter, and to opt out he must present one.
Here is the simplest explanation I have seen anywhere.
McCain spins campaign finance issueThe DNC filed a complaint with the Federal Election Commission (FEC) on Monday against McCain alleging the Republican had violated spending limits and other conditions he had agreed to in order to qualify for federal funds. The complaint was made after the FEC said in a letter to McCain last week that it could not approve his withdrawal for matching federal funds without examining a bank loan made by his campaign late last year. McCain applied for matching funds in June, when his campaign was struggling with poor poll numbers and few donors. His request was approved by the FEC in spring with $5.8 million in matching funds. McCain withdrew his application early this month after sweeping Super Tuesday, but the FEC said it had to check if McCain had used the matching funds to secure a bank loan.
On Tuesday, the DNC said "a 2003 letter from the Federal Election Commission that shows that John McCain and his campaign are playing fast and loose with the facts to justify its decision to break the law by unilaterally withdrawing from the FEC's matching funds program."
"The new documents prove that McCain used his qualification for matching funds to get on the ballot in Ohio and Delaware," the Committee said before citing the FEC's letter approving the request of fomer Democratic hopeful and now DNC chair Howard Dean to opt out of the public financing system.
"Unlike McCain, the Dean campaign followed the law and received written permission from the FEC to withdraw from the public financing system. Additionally, the FEC approved the Dean campaign's request to withdraw because Dean had not yet received any public funds and had not used matching funds as collateral to secure a private loan, a condition the McCain campaign has already violated," the Committee said.
David Shuster (glad to see him back) and Keith Olbermann surely understood the situation and explained it well in this video which is linked at the DNC site.
McCain's Sweetheart DealBut not Wolf Blitzer. Media Matters has a video and summary of the way Wolf handled it today. He was shameless in his lack of understanding and his lack of investigation into this topic. He presented McCain as being picked on by the DNC.
In report on McCain's attempt to opt out of the public financing system, Blitzer did not note loan agreement that might force him to remain in Summary: On The Situation Room, Wolf Blitzer noted that "Howard Dean today formally asked the Federal Election Commission to investigate John McCain." Blitzer added, "Dean accusing McCain of trying to skirt campaign finance laws by opting out of the public financing system for his primary campaign," but did not explain why McCain's ability to opt out is even an issue: namely, that he obtained a loan for his campaign in November 2007, agreeing under certain circumstances to remain in the race, regardless of the viability of his campaign, in order to apply for matching funds to pay back the loan.
Contact info at the Media Matters link, and a video at the site also.
Governor Dean explained it today on MSNBC so clearly that even Norah O'Donnell seemed to understand it. Here is the
video link from that interview.