George Soros, 527's To Pony Up $350 Million To Defeat John McCain

Under Section 527 of the Internal Revenue Code, a political organization can get tax-exempt status and spend unlimited money if it champions causes rather than specific candidates. You can't use money to promote a "Vote for Hillary" theme; however, you can buy TV time saying Hillary is a bad woman, you can opine that McCain and the Iraq war are evil, and you can put forth that Obama hangs out with a nasty preacher.

Get the ruse? The money cannot be used to tell the folks whom to vote for, but it can be spent to demonize a candidate on the "issues."

So now we learn that Soros and his merry band have put together a number of 527's that will pony up an astounding $350 million for "issue" ads in the upcoming presidential campaign. That means much of that money will be used to pound John McCain into pudding.

So karma has visited Senator McCain. His vision of the folks controlling election funding is in tatters. Now, radical guys like Soros hold a tremendous amount of power, while regular Americans are limited in what they can contribute. Back in 2001, some astute political people warned John McCain that the zealots would reap the rewards of his legislation, but he didn't listen.

Source: Bill O'Reilly

Commentary

This is funny. I think it will backfire, though...which will be even funnier when the left immolates itself when Obama and/or Clinton loses to McCain this November.

I predict that 527's will be formed to defend McCain by attacking the Democrat nominee "on the issues" and that Republicans will give money hand over fist to them rather than to McCain...even though McCain has Bush's mailing list. I have received over a dozen mailers asking for money for McCain, and I have sent everyone back admonishing McCain's past support for Amnesty, Carbon Taxes, and his opposition to the Bush Tax Cuts, and with "McCain-Feingold Is Unconstitutional" written in magic marker across the top.

Next time I get one, I'm going to put a piece of wood with my message burned into it in the return envelope so his campaign will have to pay the extra freight for the weight, and still get my point across.

**update** 5.39pm

According to the FEC, Barack Obama raised a staggering $55.4 million in February, while Hillary Clinton brought in roughly $35 million. As for McCain … well, the Arizona senator raised just over $11 million--slightly less than what he raised in January, the month he won New Hampshire and regained his political mojo.

Source: Newsweek Stumper Blog

I know of that which I speak. Conservatives are with holding their money until John McCain makes peace with our movement. He needs to remember what we did in 2006.