According to FEC reports filed yesterday, John McCain has already raised at $62.5 million in private funds that can be used for his general election campaign -- even though he's already committed to accepting public funding for the general.
Moreover, based on my own analysis, of that $62.5 million, three-quarters -- $46.3 million -- comes from a total of 1,803 wealthy individuals who made five figure contributions averaging $25,664 each.
So not only is John McCain blatantly violating his public financing pledge, but he's doing it in grand style, raising money in increments of up to $70,000 per donor -- more than thirty times the amount a donor can give to Barack Obama's general election campaign.
How is this all possible? How has most of the media missed the story? Allow me to explain.
Read More