Obama May Backtrack on Public Financing
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.
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.
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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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