Friday, July 18, 2008

Fundraising huge, despite McCain-Feingold

Neither Barack Obama or John McCain is hurting for money, despite John McCain's daffy McCain-Feingold "campaign finance reform."

Ringleading the winks and nods about McCain-Feingold has been none other than John McCain himself, as his campaign has concocted a scheme to get around the $2300 per person limit on contributions to a presidential campaign, that allows a maximum $108,000 per person limit. By dividing the bread between McCain's campaign, the Republican National Committee and the state Republican parties in 17 key states, it skirts McCain-Feingold and thus far has allowed McCain to stay even with Obama in fundraising.

Thus far, over 70 McCain supporters have shelled out the $108,000. A couple have given even more than that, by putting money in their wive's names in addition to their own.

Obama's campaign continues to ring up huge totals on the internet, as it stacks up the big bucks since he has gone back on his word to accept federal funding of his presidential campaign.

Such is that state of "campaign finance reform" in America. Both candidates are openly flouting the system for their gain, taking advantage of every loophold and shortcut to get around the law. The truth is that there is no law that cannot be gotton around, if a candidate is of a mind to do it.

By shutting off large contributions to presidential campaigns directly, it created 527 committees, that can accept unlimited contributions, with no reporting requirement as to who gave or what they gave. Outlaw 527s, and some new way will be found to skirt the law. You can count on it.

It's time to end the farce, and allow unlimted contributions, as long as they are publicly reported.

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