
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