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McCain in financial trouble

  1. Feb 22, 2008 #1

    Ivan Seeking

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    http://www.washingtonpost.com/wp-dyn/content/article/2008/02/21/AR2008022103141.html?hpid=topnews

    Here is the catch: In order to even consider that he might be released from the fifty-three million dollar limit that he agreed to, there needs to be a 4/6 majority in an FEC vote to allow it. But there are four vacant seats at the FEC so a vote isn't possible! In addition to that, he used public funds as collateral for a loan, so this may also bind him legally to using the public funds. And finally, some pundits are saying that he may not have the legal option to resign from the funds now in any event. So, since he has spent about forty-nine million, this all means that he only has ~ four million dollars left to spend betweem now and the convention.

    As one pundit observed, McCain may soon be doing press conferences from his front yard.

    So here are my questions:

    1). With all of that experience, how did he allow himself to get into such a mess?
    2). Is this what we are to expect from an old pro?

    Obama has tons of money.
     
    Last edited: Feb 22, 2008
  2. jcsd
  3. Feb 23, 2008 #2
    McCain always seems to be in money trouble. Didn't stop him in the past....
     
  4. Feb 26, 2008 #3

    chemisttree

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    McCain did NOT use the Federal $ as collateral... that is a lie. Dean did the same as did Gephart. This is settled law and the law says that he can withdraw.

    McCain hasn't received a dime yet from the fund much less spent it.
    How did he get into this mess? What mess?
    Is this what we are to expect from an old pro? :rofl: McCain wrote that law! Who better to know just what options he has than McCain? Oh yeah, Howard Dean. The same Howard Dean that is filing the complaint with the FEC. That's rich!
     
  5. Feb 26, 2008 #4

    russ_watters

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    If I were McCain, I'd take the next 6 months off campaigning anyway. What's the point?
     
  6. Feb 26, 2008 #5

    Ivan Seeking

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    It reported on CNN and in the Washington Post that he did. Have you some reason to say it's a lie?

    From the link:
    Do you just make blanket statements without having any information?

    Apparently it is not the same thing, which is why he is now being investigated for violating the law. See the next post.

    It was also reported that he has spent 49 of 54 million that he is allowed to spend.

    Of course it has been painfully clear that many or most Republicans have shown little regard for the law for the last eight years.
     
    Last edited: Feb 26, 2008
  7. Feb 26, 2008 #6

    Ivan Seeking

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    This is from the DNC.

     
    Last edited: Feb 26, 2008
  8. Feb 26, 2008 #7

    Ivan Seeking

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    Or a year or two for all it will matter.
     
  9. Feb 26, 2008 #8
    Anybody see that last question in the Democratic debate just now? Obama was like, “Yeah, Hillary would make an awesome nominee too” and then spent most of his response attacking McCain. :tongue2:
     
  10. Feb 26, 2008 #9

    Ivan Seeking

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    CRUD!!! No, but thanks for reminding me.
     
  11. Feb 26, 2008 #10
    From the Colbert Report tonight:

    “There once was a man named McCain
    Who had the whole White House to gain
    But he was quite a hobbyist
    At b▒▒▒ng his lobbyist
    So much for his '08 campaign.”
     
  12. Feb 26, 2008 #11

    russ_watters

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    I'm not sure what it is that makes you that confident, but ok...
     
  13. Feb 27, 2008 #12
    Yeah, I agree with russ. I like Obama but McCain is a pretty upstanding guy. I have voted for him in a primary in the past.
     
  14. Feb 27, 2008 #13

    russ_watters

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    Opinions about McCain aren't what I'm talking about. I'm talking about election predictions. If it were possible to accurately predict the outcome of an election 6 months in advance, we wouldn't be discussing McCain and Obama here in the first place.
     
  15. Feb 27, 2008 #14
    Well yes, it's certainly not impossible to mess up predicting the outcome of an election. Like, if George Bush were running in this election it's technically possible that he would win.

    BTW - “McCain and Obama”? Are you saying that it's possible to predict the outcome of party nominations but not the election? I'm just sayin'.
     
  16. Feb 27, 2008 #15
    You know, I think we may have just gotten our wires crossed there, russ. When I said “McCain is a pretty upstanding guy” I was simply saying that he's electable, he doesn't look like a dud Republican nominee to me. Though I do like him.
     
  17. Feb 27, 2008 #16

    russ_watters

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    I know what you were talking about - you apparently still don't know what I was talking about. Neither Obama nor McCain were front-runners 6 months ago in the media's polls and today both are leading. I think Ivan was commenting that a McCain loss in the general election is a foregone conclusion and the media's polls would seem to indicate that. I'm saying that those polls are very near completely useless.
     
    Last edited: Feb 27, 2008
  18. Feb 27, 2008 #17
    Then why did you say

    Seems like your wires are still crossed. :wink: That's a funny way to agree with me that he's not a dud front-runner.
     
  19. Feb 27, 2008 #18

    chemisttree

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    Uh, yeah.
    http://webcenters.netscape.compuser...ff/story/0001/20080225/2015089555.htm&sc=1131
    You should know better than to believe anything that CNN and the Washington Post reports that might require some journalistic integrity. They slavishly reported Dean's slanderous assertions as facts... that's not journalism. It's a 527 organization.

    No, but apparently you do...

    Is he being investigated? Or is this just another of your unsourced opinions? Do you even understand the pertinent law? I didn't think so.
     
  20. Feb 27, 2008 #19
    I know that McCain has his name on the McCain-Feingold Act, but that alone doesn't prove that he wrote it, or even that he read it, as I understand the way my servants do my bidding.

    This was taken from the link:
    I must admit, I didn't read the McCain-Feingold Act. :redface: But I know the difference between "did offer matching money for collateral" and "would offer matching money for collateral". Is the difference important in this context?
     
  21. Mar 4, 2008 #20

    Ivan Seeking

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    From your link:
    And it continues:
    They report the news. This was news.

    It's not that hard: I posted a link. You didn't.

    I posted a link from the DNC. Apparently the FEC doesn't understand the law either. Oh yes, and as far as the loan: The claim is that he drafted the loan in such as way so as to avoid any problems with the law, but in either case this about the conditions of the loan and not the election law itself.

    The other question is whether or not McCain will violate the terms of the public funding without approval, which would be a criminal offense.
     
    Last edited: Mar 4, 2008
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