Tuesday, June 19, 2012

On This Date In 2008

On June 19, 2008 Obama announced his decision to break the promise of accepting public funding for his campaign. The announcement also confirmed the breaking of his promise to negotiate with John McCain on the issue of campaign funding.

Senator Barack Obama's announcement Thursday that he would finance his campaign with private contributions was the final step of a slow walk away from public financing that began almost as soon as his campaign started 17 months ago.

Obama said he'd pursue public financing "aggressively." He committed to it in a written questionnaire. He even said, repeatedly, that he would meet personally with Senator John McCain to discuss a deal.

Instead, his campaign never even asked the Republican's aides for a meeting on the subject. And Obama, both campaigns said, never asked for a face-to-face meeting with McCain.

Obama made this decision -- becoming the first major party presidential candidate to do so since public funding was instituted -- because he knew he could raise more money outside of the system than in it, and that the money he could raise would dwarf that of McCain.

The Obama fundraising juggernaut led me to a post a couple months later, introudcing the Bipartisan Campaign Finance Windfall Profits Tax Reform Act of 2008.

In the 2012 campaign, the Obama campaign's fundraising has begun to lag that of Republican opponent Mitt Romney.

So we can expect to hear anew the calls about the evils of money in politics that were suspended in 2008.

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