Politico reported today the Obama campaign may escape an audit by the Federal Election Commission. The FEC will, however, scrutinize all campaign donations and expenditures of the McCain campaign. Now, less someone is already assuming this is an Obama-bashing post, read on.
I posted earlier on MichaelBrownBlog that we need an open campaign finance system where anyone can give any amount to any candidate so long as that contributor and the contribution is fully disclosed. We’re naive if we don’t accept the fact that money is essential to politics, and what we spend on Presidential races is nominal compared to what we spend on Halloween candy or movies or any other discretionary things.
Money, money, money. The mother’s milk of politics. Let’s just disclose where it comes from and what it’s spent on.
According to The Politico’s report, which you can read at Politico, tells us that the FEC 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.
You can read an interesting blog post at There’s My Two Cents.
We just need full disclosure – of all campaign contributions. And the lack of this audit will only increase the cynicism of Obama opponents, and, unfortunately, increase the shrill calls from Republicans for an audit.
Wouldn’t we all be better off with full disclosure at the time of the contribution?
