Obama's a Pragmatist, Not a Reformer

(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»

(NEWSER) - The little guy didn't fill Barack Obama's campaign coffers after all, a new non-partisan study says. True, almost 50% of his donations were $200 or less, but many of those donors gave again. Only about a quarter of them stopped at two C-notes, a figure in the same range as donations to John McCain. About 80% of Obama's money came from people who gave more than $1,000, the New York Times reports. More»

But it paves way for new standard in political fundraising system

(NEWSER) - The huge success of Barack Obama’s Internet fundraising campaign has sparked concerns about the regulation of campaign finance. Some worry that the faceless system allows for easy abuse, particularly in light of donations from anonymous or clearly fake names such as "Osama bin Laden," the Washington Post reports. Dangerous or not, though, Obama’s fundraising has likely become a model for future campaigns. More»

Defends use of same tactic used against him in 2000

(NEWSER) - John McCain defended his use of robocalls on Fox News Sunday, arguing his attacks on Barack Obama are different from the slanderous calls that targeted him during the 2000 primaries, Politico reports. “These are legitimate and truthful and they are far different than the phone calls that were made about my family,” he said. On other talk shows:

• Former Republican Speaker of the House Newt Gingrich told This Week with George Stephanopoulos that Colin Powell’s endorsement of Obama “eliminated the experience argument."

McCain benefited from fewer fictitious donors, Times discovers

(NEWSER) - Barack Obama received some $40,000 from obviously fictitious donors, the New York Times reports. After poring over both candidates’ records, the Times found some 3,000 donations to Obama from more than a dozen people with obviously falsified names —like “Test Person” from “Some Place, UT.” McCain had such donors as well, but far fewer than Obama. More»