Based on new financial disclosure reports released Sunday, and interviews with his finance team, the Republican Party’s presumptive nominee will instead accept taxpayer money to finance his general election and share other costs with the Republican National Committee.
The strategy will allow McCain to stretch his campaign dollars by splitting the cost of television advertising and other campaign activity with the RNC.
But the decision also puts the Arizona senator at risk of being badly outspent – even with RNC help – by a Democratic nominee who will be allowed to spend as much as he or she can raise on the November race.
McCain has raised a total of $72 million for his presidential bid, including $15 million in March. He ended last month with about $11.5 million in cash.
The rest of the story can be found @ Politico.com
*** Hypocrit! I hope people see this. From Campaign Finance Reform to bleeding a starving economy dry by taking what little money is left for his own potential gain.