SEARCH BLOG: POLITICS
The Federal Election Commission is unlikely to conduct a potentially embarrassing audit of how Barack Obama raised and spent his presidential campaign’s record-shattering windfall, despite allegations of questionable donations and accounting that had the McCain campaign crying foul.This in light of...
Adding insult to injury for Republicans: The FEC is obligated to complete a rigorous audit of McCain’s campaign coffers, which will take months, if not years, and cost McCain millions of dollars to defend. [source]
- According to the Federal Election Commission data released on October 27, Obama and McCain have collectively raised $999 million during the campaign.Hmmmm....
- Of the $639 million that the Obama campaign raised, $573 million was spent. Obama finished elections with $65 million cash on hand and $2 million in debt.
- McCain raised $360 million in total. His campaign spent $293 million in total, leaving him with $66 million of cash on hand, one million more than Obama, and $2 million in debt.