The PURPOSE of public financing for elections was to reduce the undue influence of a relatively few ultra-rich. This undue influence was especially egregious because so much of it was lies and smears. Senator John Kerry was its most recent victim at the presidential level.
The public financing part of the presidential campaigns is only one part of the total financing. And the anti-democracy, corporate fascist part of the GOP has proven itself willing to spend vast amounts through the OTHER avenues. That was how they funded the key smears and lies against John Kerry that appeared to turn that election.
The GOPirates have proven they will violate all ethics and even laws to win the election. John McCain has already said he has no control over the GOP 527 groups. Meanwhile, Obama has asked MoveOn.org to suspend their 527 for the election, and they have complied.
So Obama must balance his campaign financing not only against McCain's public campaign finances, but also against all the ultra-rich GOPirate groups who will attack with unrestricted funds throughout the election.
Obama would have to be a FOOL to refuse PAC money (as he has done), curtain friendly 527 money (as he has done), and then restrict his campaign budget to match the public financing PART of McCain's money. CLEARLY Obama is trying to curtail the avenues for smear and lie style campaigning by setting an example. But he NEVER said he would put himself at a big financial disadvantage to do this.
"Obama's precise statement was, and has always been, "If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election." That's an artful statement, and it's not artful in a "meaning of 'is'" sense -- it's exactly the right answer. A commitment to "preserve a publicly financed election" would have to mean much more than whether both participate in the system.
It would require some significant agreement about how to handle outside money, 527s, "Swift Boat"-type attack groups, party money, etc., and other factors that have undermined the last two publicly financed elections, from both sides. It is hardly an evasion to describe this as an agreement to be negotiated, rather than a simple pledge." <link>What puzzles me are why such major media people as John Dickerson, Charles Gibson, and Gwen Ifil insist that Obama "broke his promise". Are these people incapable of nuance? Or too lazy to go on the web and piece together the full story? Or too beholden to corporate forces (perhaps advertisers at PBS)?
My hunch is that they are afraid for their jobs. So Gwen Ifil thinks, "I know it's ridiculous to report that Obama broke a promise here, but the right-wing will spin this easily and hammer it so hard most people will think he did. It'll be too hard to swim against the tide, plus they'll slam me for trying, so I'll just pretend to go along on this one."
Personally, I do not doubt Obama's committment to reducing big-money control of government, including campaign finance reform. It seems to me he is not getting suckered by deadly opponents.