Three Must Reads on Obama

June 20, 2008 06:45 by johnolimbo

Hypocrite http://www.politico.com/news/stories/0608/11211.html

http://news.yahoo.com/s/ap/20080619/ap_on_el_pr/obama_money_analysis_2 liar

http://www.thenextright.com/patrick-ruffini/obamas-pacs-and-lobbyists-canard - What is he talking about?! - How Obama takes money from corporations but not lobbyists - and tries to distort who donates to McCain.

and from a third article that isn't a must read: http://news.yahoo.com/s/ap/20080620/ap_on_el_pr/obama_strategy

In a questionnaire last year, Obama answered "yes" when asked: "If you are nominated for president in 2008 and your major opponents agree to forgo private funding in the general election campaign, will you participate in the presidential public financing system?" He added: "I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election."

Obama described the public financing system as "broken" when he announced his decision to supporters. But even watchdog groups that have advocated for Obama-backed changes in campaign law said the presidential public financing system is one feature of the law that is working properly.

"A million dollars a day doesn't look to me like chicken feed," said Michael Malbin, director of the nonpartisan Campaign Finance Institute, who said the system likely would have worked well again this year.

Malbin also said there's been no development within the financing system that could account for Obama changing his mind.

By rejecting the public money, Obama can now raise millions just as he has in the primary campaign. As of the end of April, he had amassed more than $265 million in contributions. He was expected to reveal his May fundraising in a report to the Federal Election Commission on Friday.

McCain, on the other hand, had raised only $115 million as of the end of May. Both candidates rejected public financing for the primaries, allowing them to raise and spend money until their party conventions in late summer.

On Thursday, McCain said he will accept the public money, which means he can't accept private contributions for his campaign.

Still, Obama's clear financial advantage over McCain is offset in part by the resources of the Republican National Committee, which has far more money in the bank than its Democratic Party counterpart. Both national parties can spend money on behalf of the presidential candidates.


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September 8. 2010 00:34