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Its clear why McCain would pick Romney. This is the answer to the Public Finance Problem McCain has

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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 10:34 PM
Original message
Its clear why McCain would pick Romney. This is the answer to the Public Finance Problem McCain has
With McCain limited to 80 mill. After the convention, They need Romney who has endless pockets and could easily spend 80 mill himself on this. He also can raise money.

This is their plan.
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PM7nj Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 10:35 PM
Response to Original message
1. Can he do that?
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 10:37 PM
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2. I believe you can use any amount of your own money
He spent 40 mill of his own money on just the primary
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 10:41 PM
Response to Reply #2
4. Can't self finance if you accept Public Funds, I thought.....
General Election (Full Public Financing)

The presidential candidates of the major parties who opt in for public financing of general election receive a public grant to cover the entire cost of their campaign on the condition that they do not raise any private funds. In 2004, the general election grant for each of the two major party presidential candidates was about $75 million. In 2008, the grant is estimated to be about $85 million.

Candidates may spend up to $50,000 of their personal funds for the general election without violating the spending limit.

Minor or third party nominees may also be eligible for federal funding, but the process is a bit more complex. A minor party candidate's public funding grant is based on a formula subject to the percentage of votes the party received in the previous presidential general election. The candidate is only eligible for general election public funds if the party's candidate received at least 5 percent of the vote in the previous presidential election.
http://www.commoncause.org/site/pp.asp?c=dkLNK1MQIwG&b=1389223
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liberalmuse Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 10:37 PM
Response to Original message
3. The Mormons will give big.
Edited on Thu Aug-21-08 10:38 PM by liberalmuse
They really want the WH. And McCain will gain the states of Utah, Wyoming and Idaho. Oh, wait. However, Nevada and Arizona have a lot of Mormons, too, but I don't know if it's enough to turn Nevada.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-21-08 10:42 PM
Response to Reply #3
5. Mormons routinely vote Republican anyway.....
from my understanding.
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