Best, Worst Financial Decisions of Candidates

(NEWSER) - The 2008 election marked the death knell of post-Watergate public financing, Mark Schmitt writes for the American Prospect, but the raft of small donations that killed the system heralds a hopeful future. The public financing system was designed—and failed—to limit the influence of special interests: “Since the ability to organize was distributed unequally, regulating organizing was essential to equality.” But the emergence of the Internet allowed small donors to organize with a powerful voice. More»

Candidates' financial strategies illustrate different approaches

(NEWSER) - Barack Obama brought in more donations on the last day of June than John McCain did in the entire month, Politico reports. The unprecedented $25 million day accounted for nearly half of Obama’s $54 million total. It was one of five days on which the campaign brought in more than $1 million; John McCain had no million-dollar days en route to raising $22 million in June. More»

Last state to be called leaves tally at Obama 365, McCain 173

(NEWSER) - Missouri, the last state up for grabs, looks to have gone Republican by less than a 1% margin, leaving John McCain with 173 electoral votes to Barack Obama’s 365, the Kansas City Star reports. There are still 3,000 uncounted provisional ballots, but McCain’s margin is large enough to declare him the winner of the state’s 11 electoral votes. More»

(NEWSER) - President-elect Barack Obama addressed the country and the world for the first time tonight, vowing to unite a nation beset by trouble at home and abroad, the Chicago Tribune reports. "Change has come to America," Obama told a crowd of tens of thousands at Chicago's Grant Park and millions more watching around the world. "Our stories are singular, but our destinies are shared." More»

Early results likely to set tone

(NEWSER) - Barack Obama won the crucial battleground states of Florida, Virginia, Ohio, and Pennsylvania to clinch victory over John McCain and secure his place in history, MSNBC reports. The 47-year-old Illinois senator will become the nation's first black president when he succeeds George W. Bush in January. Obama reached the 270 electoral votes needed at 11pm ET when he won the states of California, Washington, and Oregon. More»