Wednesday, June 25, 2008

DNC files suit against McCain's illegal campaign finance scheme

From the DNC:

Washington, DC -The Democratic National Committee today filed a lawsuit in U.S. District Court in D.C. to compel the Federal Election Commission (FEC) to investigate John McCain's decision to unilaterally withdraw from the FEC's matching funds program despite using the program to financially benefit his campaign - just one of many McCain campaign improprieties. To view a copy of the DNC's lawsuit, please visit [here].

John McCain talks about setting a new standard for "transparency and accountability" yet when it comes to his campaign, he doesn't seem to think the rules apply to him. First, he used taxpayer dollars to secure a loan to keep his campaign afloat in the primary, a move that's clearly against the law. Then the Wall Street Journal reported that McCain refused to pay for his campaign's use of a corporate jet - again against the law - and last week, his trip to Canada came under question for possible violations of federal law.

"Whether it's using a taxpayer funded loan to keep his campaign afloat, refusing to reimburse for his campaign's use of a corporate jet, or violating federal laws on a foreign campaign trip, John McCain has shown an increasingly troubling pattern of impropriety," said Democratic National Committee Chairman Howard Dean. "John McCain tries to brand himself as a reformer but how can the American people believe he'll change Washington when it's clear he thinks the rules apply to everyone but him? We had enough of that with the Bush Administration. We don't need it again with John McCain."

In order to receive matching funds, John McCain signed a binding agreement with the FEC to accept spending limits and to abide by the conditions of receiving those funds. The FEC requires that any request to withdraw from the agreement must be granted by the FEC. FEC Chairman David Mason made this clear in a letter to McCain advising him that the law requires the FEC to approve his request to withdraw from his contract - a move McCain ignored and cost Mason his job.

According to past Commission rulings, the McCain campaign would not be allowed to withdraw from matching funds because it already violated a key condition for being let out of the program - pledging matching funds as collateral for a private loan. McCain obtained a $4 million line of credit -- drew $2,971,697 from it - and documents make clear that the promise of public financing was used to secure his loan.

On February 25, 2008, the DNC filed a complaint with the FEC calling on the Commission to investigate whether the McCain campaign is breaking the law by ignoring spending limits in the primary.The FEC has failed to act within 120 days, so the DNC is now asking the court to require the Commission to act on the original administrative complaint. Now that it appears that the Senate is on track to approve the needed FEC nominations, the DNC is also making clear that this should be on the top of the FEC's agenda.


Good!

I don't know about you, but I am getting tired of all of the conservative McCain backers pointing at Obama and what he did with campaign financing! Yet, MSM has given McCain a free ride on what he did!

Only recently have I noticed Democrats, Joe Biden for example on MTP mention McCain and his loan to stay in the Presidential Race!

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