Quote:
Originally Posted by baddog
I thought I read something about Obama raising $6 million a day or some shit. Pretty impressive money. What exactly is different about this? The fact that they oppose your choice?
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The fact that Obama's contributors are limited to the federal maximum of $2300 per person, and that the 527 group that the Clinton supporters are forming could literally raise all $10 million from just one person.
The 527 thing is a loophole in the campaign finance law. McCain-Feingold was passed to ban the unlimited soft money contributions people made directly to political parties so they could run "issue ads"
This new loophole is actually worse than the old soft money, because a 527 group can run an ad specifically for a certain candidate. That was something you couldn't do with soft money.