WMC Gets Blowback

In this update: 1. Supreme Court politics at heart of business infighting 2. Obama’s decision WMC Gets Blowback

Email date: 6/27/08

In this update:
1. Supreme Court politics at heart of business infighting
2. Obama’s decision

Wisconsin Manufacturers and Commerce is experiencing Newton’s third law as it applies to politics. That’s the subject of the Big Money Blog we posted today.

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Wisconsin Senator Russ Feingold called Democratic presidential nominee Barack Obama’s decision to opt out of the public financing system a "mistake." We agree, and said so in a blog posted last Friday.

Despite his own campaign reform credentials, Republican nominee John McCain is hardly in a good position to make hay on the issue. McCain is himself embroiled in controversy for having entered the public financing program when his campaign was strapped for cash and taking out a loan using matching funds from the public financing system as collateral, but then writing to the Federal Elections Commission announcing his intention to withdraw from the program after his primary victories on Super Tuesday. Federal election rules say that a candidate who uses public matching funds as collateral for a loan cannot withdraw from the system and a complaint has been filed against McCain, but four vacancies on the FEC has prevented the agency from acting on the complaint.