Audit of Obama Fundraising Unlikely
Tuesday, November 11, 2008 5:18 PM
By: Jim Meyers Article Font Size
The Federal Election Commission is not likely to conduct a potentially embarrassing audit of Barack Obama’s record-breaking fundraising campaign despite allegations of questionable donations and accounting.
That’s the disclosure from Politico.com, which reports that Obama will probably escape scrutiny in large part because unlike John McCain, he declined to accept $84 million in public financing.
Accepting that money automatically triggers an audit, meaning that the FEC is obligated to thoroughly audit the McCain campaign’s coffers, which will take months and cost McCain millions to defend.
Another factor that will discourage an Obama audit by the FEC is the sheer size of his fundraising haul — more than $650 million — which minimizes the significance of any errors.
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