Tuesday, January 27, 2004
Schwarzenegger's Campaign Loan's Ruled Illegal
California Judge Loren McMaster has ruled that Arnold Schwarzenegger's $4.5 million in loans to his campaign were illegal under California law. I had been critical of these loans (see posting on October 14, 2003) because they could have been paid back by large campaign contributions that went straight into Arnold's own pockets -- smacking of bribery.
The Governor has said he will not appeal and will comply with the ruling. Good for him. His staff claim he originally used the loan only after consulting with flawed rulings by the state's Fair Political Practices Commission.
This now means that both Arnold Schwarzenegger and Cruz Bustamonte (see Jan 10, 2004 post) have been found to have committed major violations of campaign finance law during their campaigns. We need better and faster enforcement so that voters can learn about these violations before election day, not months afterward.
California Judge Loren McMaster has ruled that Arnold Schwarzenegger's $4.5 million in loans to his campaign were illegal under California law. I had been critical of these loans (see posting on October 14, 2003) because they could have been paid back by large campaign contributions that went straight into Arnold's own pockets -- smacking of bribery.
The Governor has said he will not appeal and will comply with the ruling. Good for him. His staff claim he originally used the loan only after consulting with flawed rulings by the state's Fair Political Practices Commission.
This now means that both Arnold Schwarzenegger and Cruz Bustamonte (see Jan 10, 2004 post) have been found to have committed major violations of campaign finance law during their campaigns. We need better and faster enforcement so that voters can learn about these violations before election day, not months afterward.
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