Just in time for the 2012 campaign, the FEC has announced that it will be auditing President Obama's 2008 campaign for the presidency.Roll Call reports: The Federal Election Commission has launched an audit into President Barack Obama's record-breaking 2008 campaign.Individuals familiar with the campaign told Roll Call Friday that the FEC has been investigating the financial records of Obama's previous campaign. The scope of the probe, which began approximately twoyears ago, is unknown. Presidential audits typically take years to complete and can cost millions of dollars.The newly formed 2012 Obama campaign did not deny there was an audit, but a spokeswoman called it a "review.""The FEC is conducting a routine review - as is true with the McCain Campaign, the Romney Campaign and many others - to determine if they have any questions with the information reported," said Katie Hogan, deputy press secretary for the campaign. "Given that there was an historic...(Read Full Post)