I think that you are going down a blind alley here: "Quality, not that important" i.e. spoken word.
You could put four cheapish mics, around the room, connected to a mixer and feed the whole lot in to a soundcard, use audiotools at unrelatedinventions.com (which was originally conceived for a similar purpose) at a low bit rate, and you are home and dry for around 300 bucks, with a built in edit facility in the software.
Mixer and mics. from your local Radio shack, I would think.
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Politics and Ideology: Not my bag