Does the FEC have any teeth?

Attorney Burton Odelson, a veteran at helping political candidates get their paperwork in order, said it's significant that Republican Joe Walsh failed to file the required personal financial disclosure report with the FEC before the Illinois primary.  Traditionally it's filed almost immediately, but candidates can file up to 30 days after the first quarter in which they have $5,000 of fund-raising activity, or at least 30 days before an election (including primaries.)

Now others within the Republican party are calling for him to get out because he's broken election law, because in a district that's in play (the Illinois 8th) they've got a guy running who even staunch Republicans don't want to vote for.

You'd expect Democrats to be using this, to draw attention to disorganization at a minimum, and call into question where the money came from in cases such as this one where a candidate loans substantial amounts to the campaign despite having outstanding financial judgments going unmet.

Check this out:

"It's the document that creates a transparency as to the Congressman or the nominee's holdings to let the public know who he is, what he has, and do you want to vote for him. If he's voting on things in Congress that he has a conflict with.”

~Burton S. Odleson

Despite Walsh’s apology, Fox was reporting that calls for his resignation were growing more intense in some corners even before more staffers quit. Let's face it, staff quits in almost every election, it's a stressful job, but these latest two sound like pretty solid GOP supporters engaged in more than ordinary angst.

According to Jeff Goldblatt of Fox Chicago, Mark Cramer, a Precinct Captain with Schaumburg Township Republicans, repeated his call for Walsh to get out of the race.

“The law is there for a purpose. This is the second time he’s run for Congress, and to not know it, it’s unconscionable"

“Do we want somebody in Congress who is going to forget to file official paperwork? He broke the law. He can make any excuse in the world, but fact of matter is, he knew he should do it, but he didn’t do it.”

~Mark Cramer

Can you imagine if Obama had failed to file this fundamental a piece of documentation? Never mind the whole birth certificate uproar, this is the chance for voters and the media to examine the finances and look for conflicts of interest before casting their ballots. It's our chance to see the assets, debt, and recent income of people we send off to vote on how to manage and spend vast sums of tax-payer money, but Walsh wants to quietly pay the late fee, plus whatever civil fine (a maximum of $50,000) the Attorney General's pursues in a civil case - and tell voters it's all OK, no big deal?

Was Walsh even eligible to run and/or hold the office having failed to comply FEC regulations? If this had emerged after the election itself would it result in just a slap on the wrist, or would his eligibility to serve in the U.S. Congress be nullified?

Only in Illinois

What is the point of FEC regulations if they don't apply to every candidate? I realize this is Illinois, and that means the focus is on Rod Blagojevich, and people just accept a certain amount in politics, but -- who enforces this stuff?

Voters have a right to expect our elections are conducted fairly. How does a guy who hadn't met the FEC filing deadline even make it on the ballot?

Thomas Hayes is an entrepreneur, journalist, Democratic political staffer, and photographer who contributes regularly to a host of web sites on topics ranging from economics and politics to culture and community.