Is America's primary proponent of campaign finance reform being taken down by his enemies? In a sign that his campaign is in serious trouble, one of Senator John McCain's chief advisors has resigned over allegations of questionable lobbying ties.
Thomas Loeffler, the McCain campaign's national finance chairman, resigned after it was reported that his former lobbying firm had collected nearly $15 million from Saudi Arabia since 2002 and millions more from other foreign and corporate interests. Asked to sever his ties with his former employer by McCain's campaign manager, Loeffler refused, and stepped down instead.
It should be telling that such a senior staff person of a major political organization, albeit a presidential one, would choose the loyalties of a lobbying organization over a Presidential candidate. Not only is it a demonstration of doubt about McCain's prospects. It is also a sad statement about what many Americans think the real source of power in this country is. Not government, but money.
Read the full story at PBS' Online NewsHour