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OMG! Arnold found and is using a HUGE... CFR loophole

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ElsewheresDaughter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 10:19 AM
Original message
OMG! Arnold found and is using a HUGE... CFR loophole
Edited on Thu Oct-02-03 10:33 AM by ElsewheresDaughter
he is financing his campaign almost entirely with a "loan"..so far he oqwes over $2.5 million....makes it impossible for anyone to question who is contributing to his campaign until months after the elections...he could be getting money directly from bush bin laden or native american tribes or Enron and who would friggen know....talk about "driving a fucking hummer thru: a loophole!!!

that's what i gleam from this article

http://www.dailynews.com/Stories/0,1413,200%257E20954%257E1659593,00.html

Associated Press


SACRAMENTO -- Arnold Schwarzenegger's campaign accounts owe more than $2.4 million in unpaid bills to consultants and other creditors, leaving more cash free for his time-compressed governor's recall campaign.

Schwarzenegger, who promises to trim government overhead if he is elected to replace Gov. Gray Davis, is spending $500,000 a month on campaign consultants, new campaign reports show.

Many of his consultants, fund-raisers and office expenses have not been paid, however, freeing up that money for advertising and other creditors who demand payment up front, campaign treasurer Colleen McAndrews said Friday.

The high debt is a result of fund-raising that slowed down as a federal appellate court considered postponing the election, McAndrews said. "We're hoping it picks back up."

Schwarzenegger personally contributed $2 million to his campaign and Total Recall funds Sept. 4, the day The Associated Press first questioned the campaign's heavy debt. Much of that went to pay what was then reported as about $1 million in unpaid bills, McAndrews said, but new finance records show about $900,000 remains unpaid from the previous reporting period.

more...
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ElsewheresDaughter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 10:34 AM
Response to Original message
1. kick.due to leaving computer while editing ...time
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bryant69 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 10:36 AM
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2. $500,000.00 a month on consultants???
Boy did I pick the wrong career.

I guess the upside is that I don't necessarily have to go to hell when I die.

Bryant
Check it out --> http://politicalcomment.blogspot.com
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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-02-03 10:38 AM
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3. Living within CA's means...
isn't that one of Arnold's campaign bromides, ie: "We (CA) should only spend the money we take in"?

Fucking repig hypocrite.
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