McCain's Campaign Funding Hypocrisy: Why Are the Media Looking the Other Way?

The mainstream media's overheated response to Sen Barack Obama's decision to opt out of the public campaign finance system is a textbook example of journalists protecting Sen John Mccain (R-AZ) and his bald-faced hypocrisy. Amidst all the attacks on Obama's "flip-flop," how much have you read in the MSM about the fact that McCain has "completely reversed himself" on public financing -- and is currently breaking the law on a daily basis, making a mockery out of a campaign finance system he helped create? In the fall of 2007, McCain opted into the public financing system for the GOP primaries, which meant he'd later receive just over $5 million in public funds in exchange for agreeing to a fundraising limit of around $54 million for the entire primary process, which ends when he accepts the nomination at the Republican National Convention in September. By late November, his campaign was practically broke, so McCain took out a pair of $1 million loans, using the public funds he would receive as collateral. Cut to Super Tuesday, when McCain had the Republican nomination all but wrapped up. Suddenly, he didn't want to be bound by that $54 million limit, so his campaign did a 180 and opted back out of the public financing system. Yet few in the media saw fit to point out this glaring contradiction in McCain's cries about broken commitments made to the American people. Indeed, as Media Matters points out, the New York Times, the Los Angeles Times, the Philadelphia Inquirer, the CBS Evening News, NBC's Nightly News, Fox News' Special Report, and CNN all dutifully reported McCain's claims about Obama without mentioning McCain's campaign finance chicanery.
http://www.huffingtonpost.com/arianna-huffington/mccains-campaign-fundin...