Grab Your Ankles, America

This is just the beginning, a mere hint of things to come.

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.

Ain't that a sweet kick in the ass? How's that campaign finance reform horseshit working out for now, John? Would you like some fries with that irony?

Allahpundit @ Hot Air:

File this away with last month’s post on how Barry O drove a stake through the heart of public financing: Not only will the ‘Net make it easy for any future campaign to outraise the meager $84 million cap currently provided by law, but going private practically guarantees you’ll avoid the expense and hassle of an investigation and fines. And the more you cheat, the more you raise, the less “substantial” any single instance of cheating is and thus the lower the likelihood of an audit. Perverse incentives all around, with none of them to be corrected legislatively before 2012, at the very least.

Well, with this matter now behind us, at least we won't have to listen to anyone in the Obamastream Media lecture us bitter, gun-clinging bible-humpers on how the word "audit" is actually a secret Republican code word for "negro".