Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 8, 2008 5:57:56 AM CDT



Obama Opts Out of Public Financing

Posted Jun 19, 08 9:24 AM CDT in Politics 

(Newser) – Barack Obama has opted out of public financing in the general election, the AP reports, reversing a joint pledge made last year with John McCain to spend only the $84 million in taxpayer cash between the party conventions and Election Day. While McCain appears set to accept public financing, Obama has since proved a fundraising juggernaut—and has long hinted he’d stick with private cash.

“It’s not an easy decision, and especially because I support a robust system of public financing,” Obama explained in a video message. But the campaign finance law “as it exists today is broken, and we face opponents who've become masters at gaming this broken system.” To date, the Chicagoan has raised more than $265 million.

Sources Associated Press, New York Times

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
Barack Obama, seen here in a file photo dated June 17th, 2008, will no longer receive public financial support for the presidential election.   (AP Photo/Alex Brandon)
Barack Obama, seen here in a file photo dated June 18th, 2008, will no longer receive public financial support for the presidential election.   (AP Photo/J. Scott Applewhite)
Barack Obama, seen here in a file photo dated June 18th, 2008, will no longer receive public financial support for the presidential election.   (AP Photo/J. Scott Applewhite)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 7)



Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Politics Stories


What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for