Obama Opting Out Of Public Finance
Barack Obama made a big announcement this morning via YouTube: That his campaign is opting out of public financing for the general election, and foregoing $80 million in government money:
Obviously, Obama would not be doing this if he did not reasonably expect his small-donor base to get him even more cash, free of restrictions that come with public finance, and that he'd be able to outspend John McCain.
The Republicans are likely to hammer him as a hypocrite for this, as he'd indicated a year ago that he wanted to broker a deal with the GOP nominee to both opt into public finance -- which the lesser-funded McCain campaign has been trying to hold him to.
Obama has his answer to that: That McCain has declared he won't police 527 activity on his behalf, which would defeat the purpose of public finance. Declaring the finance system broken, Obama added, "We face opponents who have become masters of gaming this broken system."
The big questions now are whether any attacks over opting out would actually have political pull, and whether his donor base will be able to come through in the way the campaign is betting they will.
Late Update: The McCain campaign blasts Obama for the decision.















I'm game.
June 19, 2008 9:02 AM | Reply | Permalink
I donated this morning as soon as I heard.
June 19, 2008 9:03 AM | Reply | Permalink
it would be stupid if obama did go for the public finance didn't kerry buy into the public finance thing and we see how that turned out.
http://sensico.wordpress.com/2008/06/19/sexist-radio-show-hosts-and-low-class-wife-attacks-michelle/
June 19, 2008 10:23 AM | Reply | Permalink
As soon as McCain said that he wouldn't be a "referee" to all the outside 527s, I knew that he gave Obama all the opening he needed to do this.
By the way, of course McCain won't police those 527s - they are his only hope.
June 19, 2008 9:11 AM | Reply | Permalink
I that was my thought exactly. Very good catch.
June 19, 2008 9:21 AM | Reply | Permalink
Given 527 he would have been a chump not to have opted out.
June 19, 2008 9:12 AM | Reply | Permalink
Nice move, he shouldn't let go of his funding advantage. The 527 line may be a tough sell though.
June 19, 2008 9:13 AM | Reply | Permalink
I'll be donating as soon as I get some time today. Boo-yah!
June 19, 2008 9:16 AM | Reply | Permalink
Given McCain tried to game the public finance system to secure loans I don't see him having a leg to stand on to attack Obama.
Of course the media will probably run with this in an attempt to smear Obama and paint him as not being an agent of change or some ridiculous crap, but Obama is absolutely right, and he would have been a fool to submit to public financing. Plus, he already got rid of the worst kinds of influence that public financing seeks to remove: PACs and lobbyists. Through his huge grassroots funding apparatus he has already achieved the goals of public financing, he doesn't need any one person or one group to get money, so power belongs to everyone, it is diffused.
If McCain attacks him on this it is going to backfire big time.
June 19, 2008 9:17 AM | Reply | Permalink
Smart move. There will be a momentary pile on (bitch session) by Republicans but he has a strong case to make that he is accountable only to the American public, not lobbyists or even the Government. Smart indeed.
June 19, 2008 9:17 AM | Reply | Permalink
Good move. I like the 527 tie in, it totally sings. Good set-up by obama. He took over the dnc, told people not to donate to independent groups and only him and the dnc, so that he could control the message. In the face of this, mcbush says he can't control the 527's or the rnc for that matter and that he will take public financing. It would have been a sick joke if obama took public financing. Obama totally set up mcbush on this one. Game on!
June 19, 2008 9:19 AM | Reply | Permalink
Exactly. He showed what the nominee was capable of doing vis-a-vis finance reform, and McCain's statement underscored why he would be a fool to opt into the system. That and the fact that McCain has been violating the primary cap for the last 5 months.
June 19, 2008 9:25 AM | Reply | Permalink
It would take one phone call. "Hi, this is John McCain. Would you please knock it off with your smear campaign? We're better than that. KTHXBYE." Piece of cake.
June 19, 2008 9:35 AM | Reply | Permalink
Agreed. Total bs from mcbush on this issue. He could have and can stop the smears, but he doesn't want to. He's going to go by the same tired old playbook and get hammered in November.
June 19, 2008 9:48 AM | Reply | Permalink
Well, no, it's not quite that simple; the law says there can be no coordination of activities between the 527 groups and the candidates. So McCain can't call them directly and order them to knock it off, or even ask them sweetly to knock it off. But that does not mean he could not forcefully denounce 527 smear tactics in a public statement and request that his supporters not donate to such groups, as Obama did.
June 19, 2008 11:35 AM | Reply | Permalink
Let's not forget that McCain isn't the innocent lamb in this situation. He agreed to public financing for that loan to keep his campaign afloat, and then opted out.
June 19, 2008 9:23 AM | Reply | Permalink
Not to mention violating FEC rules by not reporting using his wife's jet to campaign all over the country.
June 19, 2008 10:39 AM | Reply | Permalink
I like it ! Once again, very smart and proactive move!
Donating NOW !!!
OBAMA/BIDEN 08
June 19, 2008 9:24 AM | Reply | Permalink
Oh, we'll come through.
June 19, 2008 9:26 AM | Reply | Permalink
McCain has already shown himself to be an FEC crook who games the system. Every time the McCain campaign accuses Obama of "breaking his pledge", just point out that you don't make pledges with people who break the laws.
June 19, 2008 9:28 AM | Reply | Permalink
He'll need to explain PAC's and 527's better if this becomes an issue. Also explain McCain is already gaming the system by exploiting his own loopholes.
McCain is getting $80M in public money, meaning anybody who wants to donate to his campaign will now donate to 527 groups who can raise unlimited money and make outrageous claims that McCain doesn't have to explain or be held accountable for.
However this will also help these 527's and PAC's to raise money because they can say that Obama's money machine will drown McCain's measly $80M and thus the 527's and PAC's are his only hope.
June 19, 2008 9:29 AM | Reply | Permalink
From one concerned citizen of U.S.A,
Dear American Voters, reporters, media. professionals, political parties, and presidential Nominees,
Hon. Senator McCain and Obama, besides each having many attributes and characteristics.
The critical differences between the two of these presidential presumptive nominees in my opinion are as under:
1. Presidential "Temperament and Caliber".
2. Little Washington "insider Versus outsider" experience.
3. "Vision and mission" for our nation future rather than past.
4. American policies, " first U.S.A Centric" than any other country [ ies ] centric.
In my professional opinion Senator Obama leads in all above qualities and attributes.
Senator Obama and his administration along with congress will address all the critical current and future domestic and foreign issues, challenges, and opportunities in coming years.
Let us remember and recite following concepts:
" Family, Friends, Fellows, Faith, Funds, Foundation [s], Fun, with Freedom & Fairness and without Fear, Favor, & Failure" . It applies to every citizen of our Greatgrand Nation.
Please stay involved, stay engaged, and stay informed. Please do not allow any seduction, deception, and or confusion by some partisan media and leaders effect your vote [ Psychological Terrorism ]..
Yours truly,
COL. [retd] A.M.Khajawall
Disabled American Veteran
Forensic psychiatrist, Las Vegas
PS: Please talk about the " Presidential Temperament And Caliber " of our presumptive presidential Nominees. We do talk about the "Judicial Temperament" of our Supreme Court Justices nominees and so far we have failed to talk about the " Presidential Temperament " of our presumptive presidential nominees. The " Presidential Temperament " is the ultimate and in my opinion only requirement of our president as that effects every living soul here and around the world.
Thanks again.
June 19, 2008 9:29 AM | Reply | Permalink
I agree. I am having a hard time with the MSM. They seem to be taking a very sensitive approach to McCain, such as he is old, he is a prisoner of war veteran, he is a maverick and a straight talker. Of course, he is also a huge flip-flopper, has been known to fly off the handle on a dime, cannot use a computer, calls his wife horrible names, cannot get his facts straight, and has early signs of dementia. He lies through his interviews and now one calls him on it. He is pushing to extend the current capital gains tax cuts, and in addition, give corporations a 10% tax reduction, and again, no one asks how he is going to pay for all his wars and deficits. And the last straw, he wants to privatize social security after Republican presidents have raided SS for years.
Oh yes, and this is the guy that blatantly stated birth control should not be covered by insurance. What an ass.
June 19, 2008 10:37 AM | Reply | Permalink
Stop spamming.
June 19, 2008 11:13 AM | Reply | Permalink
This move doesnt surprise anyone, but brace yourselves because over the next few days BO is going to get hammered on the cable news networks.
June 19, 2008 9:30 AM | Reply | Permalink
and no one in the media will pay attention to McCain's own skirting of FEC rules.
June 19, 2008 9:34 AM | Reply | Permalink
This will test the Obama campaign's message discipline and, in particular, his surrogates. I can't see McCain pushing this given his own problems with the FEC and his self-proclaimed inability to control his big donors (that's who funds the 527s, not the small individuals).
June 19, 2008 9:42 AM | Reply | Permalink
I can't see this having much traction for several reasons. One is that campaign finance is such a complicated matter, with 527s, PACs, blah blah blah. I don't even understand it all and I follow politics closely. Secondly, I know it says on the IRS forms that if you want some money to go to campaigns it won't increase/decrease the taxes you owe, but to most people, hearing that the money is coming from the government means that it's coming from their taxes. So I would imagine there are a lot of people that think it's better for politicians to use their own money and not waste tax money on political ads. Lastly, who cares where the money comes from? We all know we're going to be inundated with ads from here to November. How those dumb ads are paid for won't matter to most people as they flick the channel or scrape together another $20 for 4 gallons of gas.
June 19, 2008 9:34 AM | Reply | Permalink
I eagerly await the McCain camp's incompetent attack on this issue.
June 19, 2008 9:39 AM | Reply | Permalink
It should be obvious to anyone with that Barack Obama simply does not want to make the government borrow another $80 million from China, when he can raise money in the good old USA.
This man is a patriot through and through.
Senator John McCain(R-Airbus), is another story. Not only is he in favor of borrowing billions upon billion of dollars from China, he wants to give that money to the French for an obviously inferior tanker airplane. Or, as his generation calls it, "flying machine".
Why does John McCain love France, and hate America?
June 19, 2008 9:42 AM | Reply | Permalink
Right on! The 527 rationale is totally legit and puts the onus on McSame.
And he needs to keep hitting home the fact that because he has more than 1.5 million donors, he is beholden to no one but the American people. No fat cats here, just working families.
And he needs to call attention to McSame's multiple campaign finance violations, especially the use of Cindy's beerjet and his having it both ways on primary matching funds.
June 19, 2008 9:42 AM | Reply | Permalink
I'm glad Obama is the presumptive nominee, I earnestly hope to see a Democratic administration, but I'm disappointed that things shook out this way.
June 19, 2008 9:43 AM | Reply | Permalink
Benjamin: How so? Were you for Hillary? I could see where you would be disappointed if your candidate came so close and didn't pull it out. I would feel that way if Obama hadn't done so. I think we have an excellent candidate though. He is getting stronger and more disciplined every day, you can just see it when he speaks. And I think he is just highly intelligent. Hope you can get into the spirit of things :-)
June 19, 2008 10:43 AM | Reply | Permalink
Obama should have pledged to spend $80M vs McCain and the rest will to to defend against "Swift Boating" smears that John McCain has said himself that he cannot control and has no plans to try and referee.
I think it's utter silliness to believe that 527's/PAC's don't coordinate with the campaigns. How can you really police that? Karl Rove is an unpaid, unofficial advisor to McCain's campaign so admittedly gives advice and is in contact with the McCain Camp, however gets paid six figures working for a PAC.
McCain wanted to try and bully Obama into accepting public money and then bury him with unlimited "swift boat" attack ads. It was likely something the GOP had been planning for awhile as they seem to have much better organized 527 attack ad groups than the left (other than MoveOn.org)
June 19, 2008 9:43 AM | Reply | Permalink
527s are funded by the big donors who, once they are maxed out, leverage these outside vehicles to influence the race. McCain knows that. That's why he's refusing to call off the dogs.
June 19, 2008 9:46 AM | Reply | Permalink
I wonder if anyone in the McCain campaign realizes what a fool McCain will look like if he tries to make hay out of this (we've learned by now that it is never safe to assume there is much wisdom or brain power in that camp). Obama has him set up any number of ways because McCain's hands are really, really dirty on this issue. Check mate. I'm going to donate.
June 19, 2008 9:49 AM | Reply | Permalink
Exactly. After his "Lets talk about 9/11" throwdown yesterday, I don't see him backing down on something like this where he has an obvious advantage. Gaming the system and then trying to make hay about someone not buying into the same system is not going to fly with Obama.
June 19, 2008 10:12 AM | Reply | Permalink
just contributed
June 19, 2008 9:55 AM | Reply | Permalink
In 2004, Russ Feingold ended spending caps on his campaign, something he had done in every campaign prior. The Republicans also tried to paint him as a hyprocrite- but it didn't work.
Feingold simply pointed out that 90% came from individuals, the majority of funds came from donations under $60 and were from Wisconsin. Unfortunately, his opponent couldn't claim the same regarding his funding and the issue died and, of course, Feingold won the election.
I couldn't help but see the similarities here, thought I'd share.
June 19, 2008 10:09 AM | Reply | Permalink
Joseph, isn't McCain in Minneapolis today?
June 19, 2008 10:46 AM | Reply | Permalink
2 events in St. Paul. I posted a link on the other thread where you asked. :)
June 19, 2008 12:04 PM | Reply | Permalink
Sent $ on Monday after Big Al endorsed him :)
June 19, 2008 10:09 AM | Reply | Permalink
Donated as soon as we heard the news. We follow the campaign, only give $200 at at time (we're old codgers with fixed income), but always manage to squeeze out more $$ when it looks like the campaign needs a boost.
I do believe the small donors will put the campaign over the top even though things are tough right now with +$4.00 gas and food costs increasing. We are the ones who have everything to lose if Obama loses.
And just one more time: Republicans are not conservatives, they are neo-conservatives -- arrogant purveyors of their special world view.
June 19, 2008 10:13 AM | Reply | Permalink
McLame's campaign seems really short on brainpower. I thought telling the people in Florida that he wants to allow drilling off their coast was also pretty dumb . . .
June 19, 2008 10:16 AM | Reply | Permalink
also, i just love the fact that obama made the announcement via youtube.
suck on that, networks and cable.
i admit, initially i was very skeptical of obama's gooeyness and his can't we all get along framing; but i've been mightily impressed with how his campaign has developed and continues to grow into a very serious and effective operation. fast responses to smears and in language that's very clear.
June 19, 2008 10:22 AM | Reply | Permalink
https://donate.barackobama.com/page/contribute/standard?source=mainnav
Made it easy, please donate !! Even $10 helps. On to November!!
June 19, 2008 10:22 AM | Reply | Permalink
Integrity:
The quality of being honest and having strong moral convictions...
Unless, of course, you happen to be a politician. In this case, your integrity totally depends upon what the other guy does...
June 19, 2008 10:28 AM | Reply | Permalink
Just like how John McCain opted in then out of public financing to get him through the primaries?? hmmm.... at least Obama never actually opted in. he said he would CONSIDER it. However, John McCain has done NOTHING to show he would work in good faith if they both took public financing. McCain is all but begging the Republican attack dogs to be let loose, while Obama has heavily urged his supporters to NOT support 527 attack groups.
Did I mention McCain adviser Karl Rove runs a 527? hmmm....
June 19, 2008 10:36 AM | Reply | Permalink
Good!
This is a wise decision by Obama. It makes no sense to limit, in advance, the amount of ammo you're going to be able to use when the other side has no shame. Go Obama! Crush McCain with all that money!!!!!!!!!!!!!!!!!
It would be nice though, after he wins, if Obama would actually get real public financing of elections because in the long run the money advantage the Dems currently enjoy is not going to last. Those things ebb and flow and as long as we give the corporate world and the wealthy the opportunity to use contributions as bribes our system will still belong to them instead of the people.
June 19, 2008 10:46 AM | Reply | Permalink
The thing is, Obama's campaign does get public financing, with more than 2.5 million members of the public financing it so far.
The only difference is that with Obama's financing there's no government involvement.
Gee, you'd think the Republicans would like that: privatized public financing!
June 19, 2008 10:47 AM | Reply | Permalink
IT is a war out there, lets win it.
June 19, 2008 10:58 AM | Reply | Permalink
Obama is a opportunistic hypocrite.
June 19, 2008 11:03 AM | Reply | Permalink
Kinda like when you said you wouldn't attack Obama any more and only hold him to task on the issues.
June 19, 2008 12:06 PM | Reply | Permalink
ust trying to keep him honest...like I said.
He was going to go with public financing and found out privae meant more money.
A dishonest flip-flop.
June 19, 2008 12:37 PM | Reply | Permalink
you got no honest in you dude
how could YOU keep anybody honest ???
you're a flip floppin piece of shit
kinda like john mcsame
cept I doubt you ever served our nation
June 19, 2008 1:01 PM | Reply | Permalink
You sounds scared, Fogu.
Scared of the populist tidal wave of money that's about to obliterate your broken, intellectually-bancrupt party.
June 19, 2008 12:13 PM | Reply | Permalink
It's all about the influence of money. Obama's a flip-flopping opportunistic hypocrite.
Not to be trusted.
Back in the drawer sock puppet.
June 19, 2008 12:38 PM | Reply | Permalink
You're losing, my man. Look at the scoreboard. All the rest is just chatter.
You're like the ineffectual weasel on the playground basketball court who won't shut up no matter how many times I throw down points over your weak-ass pencil neck.
June 19, 2008 1:39 PM | Reply | Permalink
BRAVO!!!!
BRAVO!!!!
BRAVO!!!!
June 19, 2008 11:22 AM | Reply | Permalink
Well, Obama's message was right on, as usual!
But in the You Tube video, he was looking into the wrong camera, I think. That was a distraction, as though he wasn't directly looking at and addressing the public.
I love giving my money to the Obama campaign, knowing my small amounts add to the ocean of actual public financing that Obama has developed to counter the special interests.
June 19, 2008 11:24 AM | Reply | Permalink
OK, everyone, use some or all of your "stimulus package" refund to make a donation. In your face Cheney!! Spend your money on Obama, not oil!!
June 19, 2008 11:26 AM | Reply | Permalink
He should just say that McCain has already shown during the primary that he won't respect public financing rules.
Republicans always play to win. They never ever give the slightest advantage to their opponents out of fairness. We'd be stupid to do it ourselves.
As you hear the GOP blast this move by Obama over the next week or two, take a good close look. Under all that "anger" they're expressing, you'll see what's really got them worked up: Fear. Fear of all that $$$$$$ in Obama's tank.
Let's donate some more!
June 19, 2008 12:11 PM | Reply | Permalink
BARACK IS QUIENTLY TELLING THE IRAQIS'S THAT HE HAS NO INTENTION ON GETTING US OUT IN 16 MONTHS.
this is wayY to unbelievable. not only has OBAMA lied to the country when he said one thing to us and another to canada regarding NAFTA, he is now discretely telling the IRAQ foreign ministry he has no plans to remove US troops in 16 months and that this is just camapaign rhethoric. Now, add the fact that he has also just announced he lied to the american public regarding taking public financing over private and you can better believe what i have been saying all along is that OBAMA is a snake oil salesman and you folks have been taken.
http://video.msn.com/video.aspx?mkt=en-US&brand=&vid=fe86c872-82f5-4525-afc7-e85d3ca13bd5
June 19, 2008 12:26 PM | Reply | Permalink
Barack's huge and growing base of small supporters represents the injection of Jacksonian democracy into modern campaign finance. Give early and often!
But it's not just about the campaign. This model can change the game if we stay involved and help pressure Congress once he's elected.
June 19, 2008 12:34 PM | Reply | Permalink
So to sum up, Obama gets to do the wrong thing becasue McCain has (allegedly) broken the rules. So two wrongs do make a right?
So we get to torture people because they intend to do us harm? The ends justify the means, right?
June 19, 2008 1:04 PM | Reply | Permalink
Why is it the wrong thing? If the system was fair and had some integrity, you'd have a point. But it doesn't, so you don't. We are breaking new ground here Tuba Man. It's great to see a Democrat beating the Repugs at their own game.
June 19, 2008 1:08 PM | Reply | Permalink
Yes, I love to see a democrat acting unethically in order to beat the republicans at their own unethical game. It makes me all warm and fuzzy inside.
June 19, 2008 1:17 PM | Reply | Permalink
Why is it unethical? Explain.
June 19, 2008 1:31 PM | Reply | Permalink
Oh big talk for someone that doesn't seem to care if the FISA bill pass or not.
Obama's campaign money is going to flat-line the moment that FISA bill gets passed. You ask me, I'd say the whole Democrat ticket is hangs by a thread right now.
Either Obama puts his actions where his mouth is or he doesn't, BUT there are no two-ways about it. Either stand-up or shut-up.
June 19, 2008 1:40 PM | Reply | Permalink
This is very smart timing on Obama's part.
We've all known for months that Obama would not go for public financing because a) he can bring in massive amounts of money from smaller donations from his broad donor base (thus adhering more to the spirit of campaign finance reform), and b) the Republicans will not stop the 527 attacks (which violate the spirit of campaign finance reform).
McCain gave him the perfect opening back a couple months ago when he wouldn't or couldn't stop the ugly ad being run by the state Republicans in where ... North Carolina? I think it was NC. Point is, McCain demonstrated his impotency in dealing with that, and if he can't or won't control his own party, he certainly won't restrain the 527s.
So, Obama wisely announces now, and it's a kerfuffle for about three days, and it's a non-issue by the election, and Obama retains the ability to fight back against the 527s.
June 19, 2008 2:03 PM | Reply | Permalink