Democrats Want McCain Finances Probed

[Breeze54]

Democrats Want McCain Finances Probed

Arizona Senator's Loan Draws Scrutiny

http://www.thebostonchannel.com/politics/15400367/detail.html

UPDATED: 9:47 am EST February 25, 2008

WASHINGTON --

The national Democratic Party wants campaign finance regulators to investigate whether Sen. John McCain would violate money-in-politics laws by withdrawing from the primary election's public finance system.

McCain, who had been entitled to $5.8 million in federal funds for the primary, has decided to bypass the system so he can avoid spending limits between now and the GOP's national convention in September.

Federal Election Commission Chairman David Mason notified McCain last week that he can only withdraw from public financing if he answers questions about a campaign loan and obtains approval from four members of the six-member commission. Such approval is doubtful in the short term because the commission has four vacancies and cannot convene a quorum.

"John McCain poses as a reformer but seems to think reforms apply to everyone but him," Democratic National Committee Chairman Howard Dean said Sunday.

The DNC said it plans to formally seek an FEC investigation Monday.

Part of the issue centers on a loan McCain obtained late last year. The loan was not directly secured by McCain's potential access to public funds. But his agreement with the bank required him to reapply for public funds if he lost early primary contests and to use that money as collateral.

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[Rosa Luxemburg]

1. I hope that Howard Dean is successful in nailing McCain

[Breeze54]

3. McCain camp saying that Dean is a hypocrite because he did it too but

Dean didn't take out a loan (I think is what is said in the article).

I hope they bust him too! :evilgrin:

[bryant69]

2. Yep - this is a good sign

This is McCain's signature issue; if they can nail him on this, well, I don't know where he goes.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[Rosa Luxemburg]

4. This is what DU needs to be talking about - McCain

we should be looking forward to the GE. We know we will have a Democratic Party candidate.

[Breeze54]

5. Exactly! Let's go after the real bastards!

Knock him off his feet before he can even get nominated! :P

:woohoo:

[Rosa Luxemburg]

6. hardly anyone here has their eye on the (real ) ball

[Breeze54]

7. I've been waiting for this time, this year since 2000!

I have champagne chilling and balloons and confetti and firecrackers and all kinds of goodies
for my party when we win the election and take back the WH on Nov. 9th, 2008!! :party:
No one's going to screw this one up for me!! :P We already pretty much know who our Nom. will
be, now lets kick this McLame's ass and get to voting! ;)

[Rosa Luxemburg]

9. yes I have my champagne chilling too

I can't wait til November

[Ichingcarpenter]

8. Howard Dean on MSNBC just pull out a FEC letter

and nailed McCain again for lying about Dean's statement......

God this guy is good.

[Breeze54]

10. I've like him since I met him at the '04 DNC!

He is just so genuine and smart with a great sense of humor. ;)