Cameron's Corner

Posts Tagged ‘donoations’

McCain and the MONEY

Friday, April 4th, 2008

Barack Obama has raised 95 million dollars in the last 2 mos…McCain’s response? Get ready to accept public financing for the general and blast any democrat that doesn’t do the same as a hypocrit. Remember: Obama and McCain had the political equivalent of a handshake deal last year on this.

The MAC Camp has sent letters to thousands of donors and intends to RETURN about 3 million dollars in contributions made for the general election. The campaign is asking donors to SEND THE BUCKS BACK to McCain’s GLAC fund …a cool insider acronym for the legal and accounting expenses coffer which is actually tallied separately by the FEC.

The problem of course is that the general election matching fund, which is awarded to each candidate after their convention, is likely to be about 75-85 million dollars. The Dems convene in Denver 8/25-8/28. The GOP gather in St. Paul on 9/1. 85 million for each candidate to campaign the remaining two months to election day would seem plenty…but if you could bank twice that in advance would you disarm voluntarily?

Obama has a choice. McCain is preparing as though he does not.

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