Posted by James V. Lacy at 12:00 am on Jul 25, 2008 Comments Off on Obama and the FEC’s “News Story Exemption”
Barack Hussein Obama may have supported
the McCain-Feingold campaign finance reforms in the U.S. Senate,
but his decisionto reject "public financing," which
gives him a significant financial edge in the Fall election, is
surely not in keeping with his prior statements of support for
campaign finance reform.
Regardless of his flip-flop, I don’t
blame him, as I think public financing of Presidential campaigns is
amisuse of taxpayers funds and I can understand a candidate
wanting to build every edge they can in their campaign. I’m
glad the requirement is optional. However, the "opt-out" is a
loop-hole that BHO is taking advantage of, and because of McCain’s
association with campaign finance reform, it is a
loop-holeMcCain can’t use himself.
But the biggest loop-hole for BHO, (or
"BO" for those who think using "Hussein" is too alarming) isn’t
opting out of public financing. Rather, it is the
Federal Election Commission’s regulation, known as the "News Story
Exemption," that is giving Obama a very big media edge at the
moment, and it is… Read More