Wednesday, November 12, 2008

No Automatic Investigation Campaign: More Reason Obama-like Grassroots Fundraising

Need another good reason to accomplish what Barack Obama has accomlished with his approach to 'grassroots' small donation campaign fundraising?

An automatic audit of such is not required when the presidential candidate does not participate in the public financing program.

On the other hand, no wonder John McCain might have been complaining when Obama didn't negotiate further after his coffers swelled into the millions upon millions shortly after the Primaries.

Note: the article's title is unfortunately misleading. Obama doesn't 'escape' an audit, one isn't automatically triggered if public funds aren't used.

Net the Truth Online

Obama likely to escape campaign audit
By KENNETH P. VOGEL | 11/11/08 11:14 AM EST

Obama is expected to escape that level of scrutiny mostly because he declined an $84 million public grant for his campaign that automatically triggers an audit and because the sheer volume of cash he raised and spent minimizes the significance of his errors. Another factor: The FEC, which would have to vote to launch an audit, is prone to deadlocking on issues that inordinately impact one party or the other – like approving a messy and high-profile probe of a sitting president.

McCain, on the other hand, accepted the $84 million in taxpayer money, which not only barred him from raising or spending more – allowing Obama to fund many times more ads and ground operations – but also will keep his lawyers busy for a couple years explaining how every penny was spent.

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