McCain a hypocrite on campaign finance

Talking Points Memo makes the case. A few excerpts:

it was quite a thing to see John McCain denouncing Barack Obama for breaking his word on public financing when McCain himself is at this moment breaking the law in continuing to spend over the spending limits he promised to abide by through the primary season in exchange for public financing. (By the FEC's rules, we're still in the primary phase of the election and will be until the conventions.)

...The most generous interpretation of what happened is that McCain's lawyer came up with an ingenious legal two step that allowed him to double dip in the campaign finance system, eat his cake and spend it too. But even if you buy that line, successful gaming of the system doesn't really count as strict adherence. And the point is irrelevant since the head of the FEC -- a Republican -- says McCain cannot do this on his own.