Posted on 04/12/2012 4:52:28 AM PDT by opentalk
The dormant 2008 presidential apparatus of John McCain this year transferred nearly $9 million in old donations to an educational charity run by three major political supporters that bears the Arizona senator’s name, filings showed Tuesday.
The big-money move stands in contrast to President George W. Bush, who found himself in a nearly identical financial position but gave the millions instead to the Republican National Committee. Party committees are a typical destination for excess political cash, and the money would have dramatically bolstered the RNC’s position as the chief financial resource of the party’s presumptive nominee, Mitt Romney.
(Excerpt) Read more at washingtontimes.com ...
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