Huckabee: McCain-Feingold Benefits McCain
"If you're a senator, you can take the money you raise in a Senate campaign and transfer it to a presidential, but you can't take money you raise in a state campaign and transfer that to a federal campaign," Huckabee, a Republican, told The Associated Press in an interview Friday.This point was made about Senator Clinton's Senate campaign war chest. She raised boatloads of money for her re-election for her extremely safe Senate seat. A lot of that money is now waiting for an 08 presidential run. Senators made out pretty well in our enlightened, reformed campaign finance regime.
"McCain was very smart in creating a system where he could take all of this Senate money that he had and turn it over to his presidential campaign to give him a distinct advantage over anyone else who ran," he said.
Of course, McCain never intended the law to work this way...
A spokesman for McCain's committee said transferring the $1 million remaining from his 2004 re-election bid to a presidential campaign is an option, but denied that was a motivation for McCain's campaign finance legislation.Just a pleasant surprise, I guess.
"That wasn't the intent of the law in any way, shape or form," said spokesman Craig Goldman