FEC NOT going to audit Barack Obama’s Campaign Finances, but shall audit John McCain’s…

Good news for Obama, bad news for every one else. FEC shall probably NOT audit his campaign finances, but is definitely going to audit John McCain’s. I guess crime DOES pay…

Excerpts from Politico:

The Federal Election Commission is unlikely to conduct a potentially embarrassing audit of how Barack Obama raised and spent his presidential campaign’s record-shattering windfall, despite allegations of questionable donations and accounting that had the McCain campaign crying foul.

Adding insult to injury for Republicans: The FEC is obligated to complete a rigorous audit of McCain’s campaign coffers, which will take months, if not years, and cost McCain millions of dollars to defend.

Obama is expected to escape that level of scrutiny mostly because he declined an $84 million public grant for his campaign that automatically triggers an audit and because the sheer volume of cash he raised and spent minimizes the significance of his errors. Another factor: The FEC, which would have to vote to launch an audit, is prone to deadlocking on issues that inordinately impact one party or the other – like approving a messy and high-profile probe of a sitting president.

McCain, on the other hand, accepted the $84 million in taxpayer money, which not only barred him from raising or spending more – allowing Obama to fund many times more ads and ground operations – but also will keep his lawyers busy for a couple years explaining how every penny was spent.

So much for transparency and accountability.

Seems Allahpundit @ Hotair has a post on the issue as well, food for thought:

Why would they want to audit Obama? The biggest fundraising operation in political history, infused with hundreds of millions of dollars from contributors whose names the campaign refuses to reveal, dependent upon a donation mechanism whose security measures were suspiciously and inexplicably disabled, and accused by reputable publications of having looked the other way at fraudulent donations that would have been detected immediately with cursory oversight.

Posted by PUMA Pundit