Mellon money embarrasses Edwards

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Backing from an heiress to a Gilded Age fortuneDemocrat John Edwards
“His campaign simply exploited the biggest loophole in the campaign finance system in order to get public matching funds while arranging through allies to benefit from a 527. That’s how they avoided the spending limits that are a condition of the public matching funds,” Obama campaign manager David Plouffe said in a statement… .\ His memo was prompted by disclosure of a $495,000 donation from philanthropist Rachel Mellon to a 527 group called the Alliance for a New America that is running ads in Iowa in support of Edwards’ campaign… .\ An FEC report showed the donation came from Oak Spring Farms LLC, the corporate entity that holds Mellon’s fortune. Mellon is the 97-year-old widow of Paul Mellon, the son of industrialist Andrew Mellon.\ She also contributed the maximum $4,600 allowed to Edwards’ campaign earlier this year.
are“two Americas”
Last month at a town hall meeting in Bow, N.H., Edwards referenced the Mellon family as part of the Gilded Age interests and used it as an example of how he’ll fight back against special interests if he’s elected.\ Edwards said “back in the period where, you know, the Rockefellers and the Mellons and the Carnegies, all these people, owned most of America or a big chunk of America and they used their money and power to dominate what was happening in the government and to dominate what was happening in the economy.”\ On Saturday, Edwards had dropped the Mellons from his remarks.\ “You remember before Franklin Roosevelt was president, America was mostly owned by a few families. Rockefellers, etc.,” he said.
— Robert Stacy McCain, assistant national editor, The Washington Times

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