|
|
"A comprehensive, collaborative elections resource."
|
Obama's Lame Claim About McCain's Money: Obama says McCain is "fueled" by money from lobbyists and PACs, but those sources account for less than 1.7 percent of McCain's money.
|
|---|
| Parent(s) |
Race
|
| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Jun 20, 2008 04:35pm |
| Logged |
0
|
| Category | General |
| Media | Magazine - Newsweek |
| News Date | Friday, June 20, 2008 10:00:00 PM UTC0:0 |
| Description | Obama announced he would become the first presidential candidate since 1972 to rely totally on private donations for his general election campaign, opting out of the system of public financing and spending limits that was put in place after the Watergate scandal.
One reason, he said, is that "John McCain's campaign and the Republican National Committee are fueled by contributions from Washington lobbyists and special interest PACs."
We find that to be a large exaggeration and a lame excuse. In fact, donations from PACs and lobbyists make up less than 1.7 percent of McCain's total receipts, and they account for only about 1.1 percent of the RNC's receipts.
Analysis
Sen. Barack Obama declared June 19 that he would not accept public funds for his general election campaign and would instead finance it entirely with private donations. Or, as he put it, with money from "the American people." He thus will not be bound by the spending limits that would have come with taxpayer money, and he will be legally free to spend as much as he can manage to raise. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
