McCain so desperate, he qualifies for public funds.
August 29th, 2007 | by Dusty |Damn shame McCain, I say with snark and zeal…from Politico:
John McCain on Tuesday became the first 2008 presidential candidate to be found eligible to receive taxpayer dollars for the primary election.
McCain’s application and qualificatio n for the funds are likely to be interpreted by opponents as a sign of desperation, even though it does not lock him into the public financing system.
The Arizona senator has lagged behind the Republican front-runner s in the polls and in fundraising. Participatin g in the public financing system would allow him to get an infusion of loans by borrowing against the promise of taxpayer dollars.
But the system is a trade-off, since it would also cap at about $50 million the amount of cash his campaign can spend during the primary – a limitation that would go into effect immediately.
