Obama Turns Down $84 Million in Public Funds

PlusObama Turns Down $84 Million in Public FundsObama Turns Down $84 Million in Public FundsThe Associated PressDemocratic presidential candidate Barack Obama said Thursday he'll bypass the federal public financing system in the general election, abandoning an earlier commitment to take the money if his Republican rival did as well. (June 19)Democratic presidential candidate Barack Obama says he will opt out of the federal public financing system that would have helped pay for his run for the White House.By doing so he's turning down more than 84 million dollars that would have been available to him, but will now be free to raise and spend much more.SOT Obama"It's not an easy decision, and especially because I support a robust system of public financing of elections. But the public financing of presidential elections as it exists today is broken, and we face opponents who've become masters at gaming this broken system."Obama had stated that he would take the money and the limitations that come with it if Republican John McCain did the same.And while McCain has taken steps to accept that money Obama says he wants to continue to rely on private, individual donations that fueled him during the primary season.SOT ObamaWe won the Democratic nomination by relying on ordinary people coming together to do extra ordinary things. Obama took in some 265 million dollars through April, far exceeding the 155 million McCain raised.However the Republican National Committee has far more money in the bank than Democrats do.Obama is now the first presidential candidate to refuse the money since Congress passed the campaign finance laws back in the 70s.McCain's camp says the move shows Obama is "another typical politician who will do and say whatever is most expedient for" him. ___ ___, The Associated Press.

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[Penguin367]

Sorry John, there is no "Dem revisionist" going on on here. Do a search on this website for "McCain, Campaign Finance Criminal" It will bring you to a video posted 3/26/08 which reports on how McCain did sign up for the Public financing only to send a letter in February to the FEC asking to opt out. The truth is that McCain already flip flopped on this issue 4 months ago!

[SanjoyDas1]

Ergo, I'd vote for the dems even if the nominatee were a psychopath (actually, in 2000, the gop did just that).

[queenginbell]

he did not need it

[Stickmodee]

How's that Hope and Change working out for you? Were'nt expecting a little closet marxist, were you? Let's just hope he can't irreversibly fuck this country up in only 4 years. Although he is off to a very destuctive start.

[bittyrock]

Barack needed to Turn Down Public Finance because he needed more money to Fight the Neo-Con Smears!

[akcountrygirl36]

Some of this money came out of my own pocket and the pockets of other friends and family of mine who also support Obama!

So, to answer the question, it comes from private citzens who want to see Obama win!

I would have given more if I could have!

Nothing dishonest going on, just REAL people doing whatever they can to see the right person win this election!

[aprillh]

Everyone I talk to has expressed that Obama "scares" them. Trust your gut people. When it sounds too good to be true, it usually is. Obama is a liar and is just saying what people want to hear. He's a charming lying lawyer. Do we really need another one in the WH? I think not.

[aprillh]

Yeah, he doesn't need it because he's getting plenty of funding from the MIDDLE EAST and CHINA! Maureen Dowd, a LIBERAL reporter wrote an article in June 2008 about documented evidence that servers giving MANY "small" donations were coming from the Middle East and China. He's not allowed to take foreign donations, but then again he's not allowed to run for pres. if he can't prove citizenship, which he has refused to do. Google: obama crimes berg -- see lawsuit. OBAMA IS A FRAUD! McCain/Palin!

[CommonSpecies]

I'll guess also you never saw high priced oil comming just as Congress never. Congress was warned about the demand of oil with China demand and India but Congress never did anything 10 years ago. So blame it all on Bush when Clinton was told to get ready for increased demand for oil. You seem to like to take the easy way out and just blame the least who you like instead of the truth.

[CommonSpecies]

I'm NOT refering to the oil, but the 700 billion annually America sends oversees to these Islamic oil rich countries.

And I'm speaking of the thousands of illegal small untraceable multible $200 increments of donations to the Obama campaign from oversees.

[Angrygumballl]

Bush knows a little more about Islamic oil

[TonyaTko]

Nice Video!

I did one too about this whole debacle. I will send it to you. Tell me what you think.

-TonyaTko