Next McCain will apply for WICS program..
From Yahoo News:
CEDAR RAPIDS, Iowa - Republican John McCain, his presidential campaign trying to climb out of dire financial straits, is eligible to receive public financing for his struggling bid, the Federal Election Commission said Tuesday.
The Arizona senator quietly requested authority to receive matching funds on Aug. 10, but his campaign said he has not decided whether he would ultimately accept the money. Doing so would put him at a major financial disadvantage against well-funded rivals Rudy Giuliani and Mitt Romney.
The Arizona senator quietly requested authority to receive matching funds on Aug. 10, but his campaign said he has not decided whether he would ultimately accept the money. Doing so would put him at a major financial disadvantage against well-funded rivals Rudy Giuliani and Mitt Romney.
"We have not made a final decision, but we are doing what's necessary should we decide to opt into the matching fund system," McCain spokeswoman Jill Hazelbaker said.
The FEC decision merely means that McCain has met the requirements to receive some amount of money.
Should McCain take the cash, it would mark a major strategic shift for a candidate who for months believed he wouldn't need public money. Early this year, the one-time presumptive front-runner for the GOP nomination set out to raise $100 million or more this year and crafted a budget based on that assumption.
But the money didn't come in as expected and campaign spending was exorbitant. In the first six months of the year, the Arizona senator blew through $23 million of $25 million raised, a figure that didn't include outstanding debt. All but broke by July, McCain's campaign said it was seriously considering taking public matching funds and estimated that he could be eligible to receive about $6 million.
In the aftermath of the disclosure of his dismal finances, McCain overhauled his once unrivaled national campaign, laying off dozens of staffers, installing new leadership and refocusing strategy on three states, Iowa, New Hampshire and South Carolina.
Over the past month, speculation has run rampant that McCain was maneuvering to simply collect public matching funds to retire his debt, and then would bow out of the race.
Hazelbaker flatly denied that notion: "Absolutely not."
2 comments:
Is he still in the race I thought he went home. McCain should hang it up and ask his buddy Fred if he can work for him. Mitt will drop you if you have a hang nail. Oh SPB I read move about how Mitt called Senator Craig situation just like Bill Clinton. Now that's really putting it out there. Bill Clinton and a woman vs Senator Craig with a man. I hope the voters can see through Mitt's attacks. Mitt is a back stabber and I hope others take notice. Now the joke would be if Larry Flynt found something is pretty boy Mitt's background then we'd see Mitt begging for forgiveness which he can't give himself.
And Craig endorsed Mitt, oh my. And to bring up Clinton....not a good move as well. Mitt would be better off playing the GOP memory loss gig on the Craig thing.
McCain, he is just a sad sack of potatoes, really, sad case.
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