So the FEC decided it is going to do its “due diligence” and launch an audit of Barack Hussein Obama’s Presidential campaign. I almost broke a rib laughing so hard at the potential news headlines regarding the outcome of this “investigation.” Send In The Clowns
FEC spokespeople would not confirm the audit of Obama’s 2008 bid or say why the agency used its discretion to launch its investigation. But the decision came in the wake of Republican allegations of illegal contributions, as well as dozens of letters from the agency questioning transactions that appeared out of compliance with campaign finance laws.
The FEC’s decision to audit the campaign is not surprising, given that it was the largest federal campaign in history, raising more than $750 million in receipts. If Obama’s campaign were not audited, it would have been the first presidential nominee’s campaign to escape such scrutiny since the public financing system was created in 1976.
The potential for the FEC’s audit became increasingly more likely as the FEC questioned some of Obama campaign filings. In all, the FEC wrote 26 letters to Obama for America warning the campaign that if it did not adequately respond to the agency’s questions that it “could result in an audit or enforcement action.”
These letters totaled more than 1,500 pages of questions and data that outlined compliance concerns â€” including the longest one ever sent to a presidential candidate.
The Obama campaign has shown signs of an audit for years as it has ramped up its spending on legal fees and other similar expenses, according to CQ MoneyLine study of disclosure reports.
As of the end of March, Obama for America had spent nearly $3 million on legal fees since the 2008 election. In all, the president’s campaign spent three times more on lawyers after Election Day than in the two years preceding it.
So let us ponder the possible outcomes, and the potential headlines by the friendly media wing of the Democrat Party.Â I’ll start the ball rolling – Obama will be cleared of any wrongdoing in any fraudulent activity associated with his 2008 campaign–Because They So Loved Him, and he will be cleared in advance of any in his 2012 campaign as well. Let me hear what you think the “news” will proffer as a headline when this is all said and done.