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McCain BUSTED!

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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 01:30 AM
Original message
McCain BUSTED!
Howard Dean writes:

There was a lot of talk last week about John McCain's blatant hypocrisy on ethics and integrity in Washington.

Here we go again.

McCain is now breaking the law by ignoring the campaign spending restrictions for the Republican primary that came when he asked for federal matching funds -- funds he used as collateral on a loan that helped keep his campaign going.

But now that the lobbyist and special interest money has started pouring into his campaign, he's trying to back out of the promise he made just a few months ago. They're feeding so much cash into his bank account, this "reformer" wants nothing to do with federal campaign finance laws anymore.

That's why today, we're filing a formal complaint with the Federal Election Commission demanding that John McCain be held to the campaign finance laws. Trying to back out shows a total lack of integrity and honesty -- he made a deal with the American people to to abide by the law, and in return, he was guaranteed taxpayer money that he used to back a loan.

I'd like you to add your name in support of our complaint, and ask as many people as you can to sign on. American taxpayers made a deal with John McCain -- now that he's flush with lobbyist cash, he wants to pretend that it never happened.

Sign on right now:

http://www.democrats.org/McCainBusted

Here's the background on the situation.

A few months ago, John McCain applied for and was approved to receive federal matching funds. Because he couldn't find enough people to fund his campaign, he was also forced to apply for a $4 million line of credit, which he secured by using the federal matching funds as collateral.

By taking the federal funding, he agreed to spend no more than $57 million until the Republican convention. But so far, his campaign has spent at least $49 million -- leaving him with less than $10 million to campaign with through September.

Now that he's won the nomination and has the support of the Republican lobbyist and special interest machine, he's trying to ignore that the whole thing ever happened. He recently wrote a letter to the FEC telling them that he was backing out, even though the FEC is very clear that any request to withdraw from the agreement must be approved; you can't just change your mind and take it back -- legally, you have to be given permission.

McCain isn't asking because he knows he'll never be granted permission, and he doesn't want to have to accept the funding restrictions he agreed to when he used the money as collateral for a loan. He's ripping a page right from George Bush's playbook: ignoring the laws when they aren't convenient and hoping no one will notice.

Stand up and show him that hundreds of thousands of people have noticed -- he can't change the rules in the middle of the game because he doesn't like how things are going for him:

http://www.democrats.org/McCainBusted

Using government programs when it's politically convenient and breaking the rules when it's not ... remind you of anyone?

Just like George Bush, John McCain thinks he's above the law. McCain poses as a reformer, but seems to think reforms apply to everyone but him.

Time to send him a message.
http://www.democrats.org/McCainBusted

Howard Dean

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Swamp Rat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 01:38 AM
Response to Original message
1. k&r
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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 02:05 AM
Response to Reply #1
4. thanks swamp rat
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Ellipsis Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 02:11 AM
Response to Reply #1
5. It's a Maverick LOL! You are something Swampy! Nice.
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ClayZ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 03:15 AM
Response to Reply #1
9. Good one, Swamp Rat!
K and R
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asdjrocky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 11:32 AM
Response to Reply #1
18. That one is great Rat.
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 12:42 PM
Response to Reply #1
24. Swampy...ya forgot the "GERITOL MUSCLE"
Good work guy

Come, we go fish for mahimahi and ahi
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 01:40 AM
Response to Original message
2. On Fox and CNN :; MCCain never received the money.
Somehow the deal described above is not accurate. Bottom
Line McCain will be able to use his own funds.

Obama also promised to use Public Funds. Now that he has
money, he has changed his mind.

The Fec does not have a quoram, essentially defunct.

I am sure all the reasons will be explained but for
now, it looks like MCCain will escape.

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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 01:52 AM
Response to Reply #2
3. He used the promise of that money for collateral...
That is, in essence, receiving the money...

It's like recognizing an accounts receivable in a small business and then taking it to the bank and factoring that recievable...

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 02:32 AM
Response to Reply #2
7. McCain used public funds to skip ballot access procedures.
Edited on Tue Feb-26-08 02:33 AM by dkf
Worth approximately $1-3 million in paid staffers time.

How is he getting around this?

If true, everyone should use pledge of public funding to get access and then flake out later.
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 06:10 AM
Response to Reply #7
11. He's getting around it because nobody much cares, seemingly
except people like us. He's cheating. He's gaming the system. It's disgusting, and, in a rational world, should be front page news.
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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 08:33 AM
Response to Reply #11
12. Dr Dean cares... I was hoping he'd run for president this time around
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-27-08 06:32 AM
Response to Reply #12
31. Oh, I know Dr. Dean cares
I'm just not sure how much anyone else besides him and us does....
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Usrename Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 02:48 AM
Response to Reply #2
8. Obama hasn't made any such promise.
McCain accused him of making a promise, but that was just another big lie.

It seems that he made this false accusation in order to innoculate himself from breaking his own promise, which he was about to do.
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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 10:19 AM
Response to Reply #8
15. thanks for straightening that out, Usrename...
As usual, media sources appear to misrepresent the facts, ESPECIALLY FOX, providing a friendly platform for Republican candidates.
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Lone_Star_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 10:30 AM
Response to Reply #8
16. McCain accused him AFTER knowing he was about to face this
It was what? Feb. 15th when McCain started hitting the press with the Obama stuff?

Well here's an article I posted in LBN on the 16th of Feb. re: McCain and his sticky situation he found himself in.

John McCain's cash-strapped campaign borrowed $1 million from a Bethesda bank two weeks before the New Hampshire primary by pledging to enter the public financing system if his bid for the presidency faltered, newly disclosed records show.

McCain had already taken a $3 million bank loan in November to keep his campaign afloat, and he sought from the same bank $1 million more shortly before this month's Super Tuesday contests, this time pledging incoming but unprocessed contributions as collateral. He never used the funds of the most recent loan, because his win in the South Carolina primary helped him raise enough money to compete in Florida, his campaign aides said last night.

The loans, revealed yesterday in documents a McCain attorney filed with the Federal Election Commission, offer fresh details about how the Republican senator from Arizona scrambled to secure money as his shoestring campaign navigated a rapid-fire succession of primary contests.

The unorthodox lending terms also raised fresh questions from McCain's critics about his ability to repeatedly draw money from the Maryland-based Fidelity & Trust Bank. Campaign finance lawyers speculated whether McCain may have inadvertently committed himself to entering the public financing system for the remainder of the primary season by holding out the prospect of taking public matching funds in exchange for the $1 million loan in December.

"This whole area is uncharted," said Lawrence H. Norton, a former general counsel of the FEC.
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/15/AR2008021503639.html?hpid=topnews

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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 05:17 PM
Response to Reply #16
26. there ya go! thanks Lone_Star_Dem
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liberal1973 Donating Member (964 posts) Send PM | Profile | Ignore Tue Feb-26-08 11:33 AM
Response to Reply #2
19. Face it
McCain is a corrupt scumbag.
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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 06:01 PM
Response to Reply #19
28. and perhaps our next president...
we'll be sending more troops to Iraq, if he wins.
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stewert Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 12:08 PM
Response to Reply #2
20. OHdem10

Obama also promised to use Public Funds. Now that he has
money, he has changed his mind.

--------------

WRONG!

You have been fooled by the corporate media, and the Republican spin machine. Obama never promised to accept public funding, ever.

Obama made a statement saying that if the Republican nominee signs an agreement to only use public funding, he would also agree to it, and only use public funding. And that is for the general election.

But only if the Republican nominee agrees to it. He never promised to only use public funding. The corporate media and the Republican spin machine is saying Obama promised to only use public funding, when it's just not true.

From Media Matters:

Obama did not pledge to accept public funds during the primary, and long ago opted out of public financing for the primary election.

Regarding the general election, Obama wrote in response to a Midwest Democracy Network questionnaire, issued in September 2007:

"If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election."

Obama recently confirmed in a February 20 USA Today op-ed that "I will aggressively pursue such an agreement if I am my party's nominee," and added:

I do not expect that a workable, effective agreement will be reached overnight. The campaign-finance laws are complex, and filled with loopholes that can render meaningless any agreement that is not solidly constructed.

I propose a meaningful agreement in good faith that results in real spending limits. The candidates will have to commit to discouraging cheating by their supporters; to refusing fundraising help to outside groups; and to limiting their own parties to legal forms of involvement. And the agreement may have to address the amounts that Senator McCain, the presumptive nominee of his party, will spend for the general election while the Democratic primary contest continues.

http://mediamatters.org/items/200802250001


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Jeffersons Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 08:21 PM
Response to Reply #20
29. that contribution is much appreciated stewert n/t
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 02:27 AM
Response to Original message
6. Piffle. In my town, "busted" means handcuffs and perp walk.
You got my hopes up for nothing.
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ClayZ Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 03:17 AM
Response to Original message
10. Done! Thanks, Jeffersons Ghost!
kick
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anthilltiger Donating Member (9 posts) Send PM | Profile | Ignore Tue Feb-26-08 09:27 AM
Response to Original message
13. Dem Me in silence
Damn you guys don't like dialog do you. I guess when your into censorship and that what you ultra radicals are for you can do that .. I dare you to leave my messages up.
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comtec Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 09:29 AM
Response to Reply #13
14. WHAT are you on about?
is it past time for your regular medicine?
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mtnester Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 12:12 PM
Response to Reply #13
21. Oh...I recognize that censorship meme
anyone seen OMC? He will recognize this poster too.

I am sure of it.
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auburngrad82 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 11:28 AM
Response to Original message
17. I love that he's the poster child for campaign finance reform and he can't follow the rules
Typical flip flopping republican.
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stewert Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 12:14 PM
Response to Reply #17
22. For The Record

As the Associated Press reported on February 21, Federal Election Commission Chairman David Mason has said that McCain may not be allowed to leave the public financing system if it is found that he "used the promise of public money to help secure a $4 million line of credit he obtained in November <2007>," when his campaign was low on funds.

http://mediamatters.org/rd?to=http://www.chron.com/disp/story.mpl/ap/politics/5559335.html

As Media Matters for America has documented, McCain entered into a loan contract in which he agreed to remain a candidate under certain circumstances, even if he had no chance of winning, to qualify for public money to pay back the loan.

http://mediamatters.org/items/200802210012?f=s_search

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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 01:11 PM
Response to Reply #17
25. He certainly isn't walking the walk these days. Will the Democrats
be able to capitalize on this? Not until they have a nominee. So I hope Texas and Ohio are definitive.
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 12:20 PM
Response to Original message
23. What will Tweety and Potatohead Russert say about their man-crush now?
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Laelth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-26-08 05:58 PM
Response to Original message
27. k&r. This is very important.
Elected leaders are supposed to follow the law.

Keep kicking and recommending, please.

:dem:

-Laelth
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-27-08 01:30 AM
Response to Original message
30. K & R
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