Considering he broke the laws he wrote, as the article says its pretty ironic.
http://www.boston.com/news/nation/articles/2008/02/29/to_some_mccains_financial_tangle_ironic/
Last year, when his campaign was floundering and nearly broke, McCain applied for public financing. Candidates who opt into the system get portions of their privately raised donations matched with taxpayer dollars, but agree to abide by an overall campaign spending limit. This year, the cap for the presidential primaries is about $54 million.
But earlier this month, after he became the GOP front-runner and donations began pouring into his campaign, McCain decided to withdraw from the public financing system, even though he had not yet received any public money and his campaign has already spent nearly $50 million. Staying in the system would be crippling. His campaign would not be able to pay for ads, mailings, polls, or travel until September, when the primary campaign officially ends with the party convention.
Critics pounced on the announcement, saying it was too late for McCain to back out. And David Mason, the Republican chairman of the FEC, told the candidate that only the commission can decide whether McCain can be released from the federal funding system. But the commission is unable to vote because an impasse in Congress has left it with too few members for a quorum.
As a result, McCain is in a bind. His campaign says that he has a right to declare himself out of the system without an FEC ruling and that he will feel free to spend more than the cap allows in coming months. But the dispute has cast a cloud over the self-styled election-finance reformer.
Federal law makes it a felony punishable by a $25,000 fine and up to five years in prison if a candidate who opts into taking part in public financing spends more than the accompanying cap.
He’s pretty much operating like he got the OK, without actually getting it.