July 21, 2007

THE AUDACITY OF BAGMEN:

PAC tries new tactic to boost Obama run: Sees way around spending limits (Michael Kranish, July 21, 2007, Boston Globe)

The group sponsoring the Web page is not Obama's campaign, but an independent political action committee called Vote Hope 2008, which says that its goal is to help Obama become president and that it will spend $2 million to get out the vote for him.

Federal law prohibits political action committees, or PACs, from spending more than $5,000 in support of a candidate.

But Vote Hope's founders argue that this restriction does not apply to their group because they do not plan to coordinate their spending with Obama's campaign. Thus, there's no limit to what they can spend promoting him, they said.

What's more, the group said contributors who have given the maximum $2,300 individual do nation to Obama's campaign can give $5,000 to Vote Hope 2008, the maximum individual donation to a PAC.

Vote Hope then would spend these donations promoting Obama, giving donors a way to nearly triple their maximum contribution to Obama's cause.

The implications are potentially dramatic, according to campaign finance specialists, especially if other PACs follow Vote Hope's example for Obama or other candidates.

"I haven't seen another one like this," said Kent Cooper, a former Federal Election Commission official and co founder of PoliticalMoneyLine, a nonpartisan group that tracks money and politics.

If the group is able to raise money successfully, it could be copied by others and that in turn "would create a wide new avenue for campaign-related cash."


If the Senator were a new kind of pol he wouldn't not do such things, just be more honest about them.

Posted by Orrin Judd at July 21, 2007 9:24 AM
Comments

sakthi, if you mean he'll serve the people who bought him, I couldn't agree more.

Posted by: erp at July 21, 2007 11:43 AM

What happened to sakthi?

Posted by: erp at July 22, 2007 11:10 AM
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