Campaign Financing LOUC, McCain

The LOUC of all laws passed by the US Government is going to help decide this election in the form of the Campaign Finance Reform legislation of McCain-Feingold (Bipartisan Campaign Reform Act 2002) which has done nothing to reform campaigns.

The BCRA 2002 redefined and has allowed huge amounts of money (called soft money) to flow into PACs, and what are called 527 organizations due to the IRA code that regulates them as tax-exempt political organizations. Also, by accepting government money and getting BHO to agree before he disagreed after getting McCain to accept (again showing how McCain shot himself in the foot with the BCRA.

The LOUC in action, McCain. Now you have only 37 million to spend until Nov 4th while BHO has raised over $150 million in a single month showing you the trend on just how large BHO is going to win on Nov. 4th. If the amount of money that BHO is raising doesn't prove you how big he is going to win on Nov. 4th, then just listen to the endorsements he now picking up.

Colin Powell, waiting until the last 15 days before announcing his endorsement, and then using some very lame excuse about "how negative the Republican attack ads are..." to make up his mind. It then comes out that he has been advising the BHO team for months, and BHO has publicly offered him a place in his administration.

Powell's endorsement was purely racial since how many other inexperienced, liberal politicians has he endorsed? Powell like other so-called Republicans will hand BHO this election and rightly so. Don't get me wrong, I am not against what Powell has done, but be man-enough to give us the real reason, not the PC-reason.

So in short, McCain gets hamstrung by his own legislation that BHO said he would support and then went back on his word. That should tell what he thinks about his word being his bond. He will do the same thing on:

Taxing < $250,000
Raising taxes on small business
Raising the capital gains tax
Raising the upper tax brackets to drive capital out of the country
Spreading the wealth is not socialistic, its just being patriotic.

BHO will do the exact same things that caused FDR to extend the 1929 Market Crash past 1932 into the Great Depression. Democrats just don't understand economics.

* If you tax something you prohibit its growth. Pure and simple. It is economics 101.

Long live the LOUC!