Posted on 03/03/2007 12:26:45 PM PST by wagglebee
Sens. John McCain and Barack Obama have agreed to accept just public financing for the general election if they are the Republican and Democratic nominees for president in 2008.
Under current federal regulations, candidates can receive taxpayer funds for the election. In return, they are not allowed to raise or spend any additional funds. Some candidates may be able to raise as much as $500 million in private money for the 2008 race, according to the New York Times, and rejecting the public financing.
Under the agreement, each campaign would be limited to $85 million for the general election. Obama proposed the idea in February, and the Federal Election Commission approved it Thursday.
McCain’s campaign chairman told the Times that he welcomed the decision.
"Should John McCain win the Republican nomination, we will agree to accept public financing in the general election, if the Democratic nominee agrees to do the same,” Terry Nelson said.
Obama's spokesman, Bill Burton, told the paper: "We hope that each of the Republican candidates pledges to do the same” and would "aggressively pursue an agreement” with whoever was the GOP nominee.
Fred Wertheimer, president of Democracy 21, told Bloomberg.com: "This is now a real issue in the 2008 presidential campaign. "Every presidential candidate is going to have to deal with it."
Just in case you needed a reason to despise McCain and Obama more...
Hmmmmm ..?? This is really interesting.
McCain can't get funding ..?? Obama can (via Soros) .. so why would Obama agree to this ..??
I smell a RAT!
I'm not going to give a penny to either of them.
It is not likely McCain will accept federal funding. He is, just like Obama, posturing to gain political points. If nominated he will seek unlimited funds, not withstanding his support for CFR.
Also known colloquially as, "getting the naive chump taxpayer to fork over more money and get nothing in return, except the vague sense that politics is somehow 'more fair', while the card-trading has moved under the table."
This just validates that the grassroots won't support him. McCain's finished, and I don't think he'll have the heart to run again for his Senate seat in 2010.
Why, you understand, the fix is in. Of course "only" public money is to be used. That is for the newspapers to print, and the mainstream media to get all gushy over.
By the time the nominees are determined (and nobody can say for sure it will be EITHER of these two), the supposed safeguards that built into the McCain-Feingold campaign "reform" legislation will have been so thoroughly circumvented, that no "public" money may even be used, except by some very minor candidates.
SEN. JOHN McCAIN: THE ULTIMATE "RHINESTONE HERO"
SEN. JOHN McCAIN: THE ULTIMATE "RHINESTONE HERO" Part II
U.S. Sen. John McCain is no War Hero
John McCain: The Manchurian Candidat
McCain Is Booed by Labor Activists
McCain Rides to Kerry's Rescue: "John Kerry is Not Weak on Defense" (Today Show alert)
John McCain SCREAMS AT 9/11 FSA MEMBERS FOR OPPOSING HIS BILL TO GIVE AMNESTY FOR ILLEGALS
A number of articles on McCain. (some the same as above)
McCain/Soros by Rabbi Areyh Spero
Soros' "Reform" (an article about Soros‘ instrumental hand in McCain/Feingold)
Not Child‘s Play [McCain/Schumer bill could effect FR?]
McCain's Letter (McCain aligns with Global Enviro activists)
The Turning Point on Global Warming (McCain and Lieberman Op-Ed Alert)
Climate bill sets stage for debate (Sens. McCain, Obama, and Lieberman join forces)
McCain Looked into Caucusing with Democrats
McCain Still Disliked by Fiscal Conservatives (Club For Growth)
John McCain Goes Left for Money
Sens. Snowe, Collins to head Maine exploratory committee for McCain
Double Talk Express. McCain in his own words. VIDEO
More YOUTUBE - McCain On Abortion (UH OH! YouTube Has a Video of Him in 1999)
Bogus. McCain isn't getting out of the gate, so Obama isn't going to be held to his promise.
McCain snookered him...
To have a dumb ass like McCain to outsmart you is not good.
McCain KNOWS he has no chance of being the Republican nominee, so he simply risked the sleeves out of his vest -- NOTHING.
Obama should have set the "deal" to include McCain being the nominee of ANY party...
McCain is so vain and power mad, that failing to secure the Republican nomination he will jump to any piss ant party that will take him.
Inexperience and ignorance like this is another indication Obama Osama is not ready for prime time.
Semper Fi
Post #6 absolutely well said
Raising $500,000 is obscene. No wonder the great unwashed masses can't get a break. The elites are too busy passing money back and forth to each other.
I'm sure Mr. Keating-Five is all kinds of eager to make financial deals with DemonRats, as long as it makes him richer. And when you are friends with the DemonRats, getting caught means a slap on the wrist, not what Cunningham got.
McCain is in trouble.
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