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Irreperable Harm - Schwarzenneger Cheats in Governor Race

Right at the end, when it got tight, Schwarzy Cheated. Foul! He took an extra $4.5 million dollars in a loan to help his campaign. That's illegal, by the way.

Source: Reuters, 2004-02-04

Candidate: Arnold Schwarzenegger

Gov. Arnold Schwarzenegger broke a state law during the closing weeks of the recall race when he took out $4.5 million in bank loans to help his cash-starved campaign, according to a preliminary ruling from a superior court judge.

If Monday's decision is upheld, the governor could be forced to pay back the loans out of personal funds.

"The judge has agreed with us in a strongly worded position that these loans were illegal," said attorney Lowell Finley, who filed a lawsuit in October attempting to stop Schwarzenegger from funding his campaign with bank loans that could be paid back by donors after the election.

Finley said that the ruling from Judge Loren McMaster could spark sanctions from the California Fair Political Practices Commission — an agency that recently threatened Lt. Gov. Cruz Bustamante with a $9 million fine because of campaign infractions.

At issue is a borrowing limit included in Proposition 34 that restricts candidates from accepting loans of more than $100,000 for their campaigns. The restrictions are intended to prevent a candidate who wins election from using his or her position to solicit special-interest money to repay the loans.

In a statement, Colleen C. McAndrews, attorney for the governor, pointed out that Schwarzenegger had relied on an October ruling by the Fair Political Practices Commission that the restriction did not include bank loans.

"The court today held that the Fair Political Practices Commission misinterpreted the Proposition 34 loan statute which permitted Gov. Arnold Schwarzenegger to loan his campaign committee $4.5 million," she said.

McAndrews said the campaign intends to cooperate with the judge, but blamed the FPPC's "erroneous regulation" for the mistake.
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From: All have sinned
2004-04-11 12:38:13
and fallen short of the glory of god.
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