Obama May Backtrack on Public Financing
Posted on Apr 9, 2008
Barack Obama’s fundraising machine has exceeded expectations and broken records, so it’s no wonder that he has hinted at retreating from public financing, a move his rivals are already trying to exploit. But Taegan Goddard argues that this “flip-flop story” could work to Obama’s advantage.
While forgoing public financing would certainly be an embarrassment for Obama, he might go ahead anyway. The most obvious reason is that he’s already built a fundraising powerhouse that dwarfs his rivals. But he might also have a point about creating a better system of public financing.
For instance, Obama could easily turn a flip-flop story to his advantage by pledging to cap all campaign contributions at $250. Harnessing new voters, his popular brand and the Internet, he could promise to really build a people-based campaign. A million individuals could literally “max out” and feel like they have just as much influence as anyone else.
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