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Right, Jim. And here's the thing about McCain accepting public-financing: it's a lump-sum, no-strings-attached payment. As soon as the RNC ended, McCain collected a check for $84 million. Whereas actual fundraising -- the kind Obama is doing -- always comes with an overhead cost. The gross revenue from tonight's Hollywood fundraiser might be a record $9 million, but the net revenue to Obama and the DNC will be substantially less.

For the record, I oppose public financing of political campaigns and never check the $1 contribution box on my tax forms. Let the scoundrels fend for themselves, I say.

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Hollywood

About the Author

Robert Stacy McCain is co-author (with Lynn Vincent) of Donkey Cons: Sex, Crime, and Corruption in the Democratic Party (Nelson Current). He blogs at The Other McCain.

http://spectator.org/blog/2008/09/16/re-obama-spending-advantage

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