I was reading about cybersquatting on wikipedia and it made me come up with a question.

Before I ask the question, I will tell you all already, these domain names are already taken, so it's hypothetical:

Would it be considered cybersquatting and be illegal if somebody registered domain names such as clintonobama.com or giulianiromney.com in hopes that they would be the candidates in '08, so that they could sell those domain names to the campaigns for big bucks?

Cybersquatting is the practice of registering a trademark as a domain name with the intent of profiting from it by selling it, usually to the trademark owner. As long as the cybersquatter owns the domain name, the trademark owner cannot register its own trademark as a domain name. In this sense, the cybersquatter breaches the fundamental rights of the trademark owner to use its trademark. However, it is important to note that there is nothing wrong with the practice of reserving a domain name. Frequently, cybersquatters register words or phrases they hope will some day be sought after by new companies or new business divisions. A trademark is not infringed by a domain name unless the trademark existed at the time of domain name registration. This kind of cybersquatting is speculative and legitimate. John D. Mercer also identifies "innocent" cybersquatting, whereby the registrant does infringe a trademark "based on some unrelated interest in the word itself, without intending harm to a trademark owner" and "concurrent" cybersquatting, whereby the registrant uses the same trademark as another commercial entity, but not within a competing industry.[8]