John McCain's cash-strapped campaign borrowed $1 million from a Bethesda bank two weeks before the New Hampshire primary by pledging to enter the public financing system if his bid for the presidency faltered, newly disclosed records show.
McCain had already taken a $3 million bank loan in November to keep his campaign afloat, and he sought from the same bank $1 million more shortly before this month's Super Tuesday contests, this time pledging incoming but unprocessed contributions as collateral. He never used the funds of the most recent loan, because his win in the South Carolina primary helped him raise enough money to compete in Florida, his campaign aides said last night.
So, wait, what does this mean? When John McCain's campaign was financially faltering in November-December, they went to a bank from whom they'd already borrowed money, and offered up as collateral for a second loan, public money that would come to his campaign if he entered the public campaign financing system. This way, he got to benefit from public campaign funds without actually taking them and in the process subscribing to the campaign restrictions that go along.
Gee, you'd expect someone who's
one and only actual legislative accomplishment in 25 years in office was a modest campaign finance reform, to maybe treat the system in a less cynical and selfish way.
The Christian rightwing has been going out of their way to
demonize John McCain, but i wonder if this isn't actually a calculated move on their part. They know that centrists and liberals will never actually vote for McCain if things like
his solid anti-choice voting record became widely known. So they criticize him, hinting that he is pro-choice in order to help to perpetuate the perception that he is somehow "less socially conservative" than other Republicans. I don't know, maybe decades of watching these cretins actively harm the people i love has made me a bit unrealistically cynical, you tell me.