Re: He lied, there's your #1 problem.
by
john adkisson
06/24/2008, 5:37 PM #
Creiwry;
FYI, the reason the wealthy and the 527s' are exceptions is that the Supreme Court has held that it would be unconstitutional to prohibit a 527 or an individual candidate from spending political cash. Money is considered political speech.
Even limits on contributions, which have been upheld by the courts, have been questioned. But the finance laws which provide direct public financing are purely voluntary.
Thus, in the general election, for example, the candidates have a choice of accepting $84 million in public money, or raising their own cash. So Obama could not have it both ways. The reason Obama changed his mind, of course, is that he figured out he could raise about $300 million on his own. His internet operation is a money machine.
By the way, although general election candidates have accepted the money for decades, George W. Bush defeated John McCain in 2000 (in the Republican primaries) by opting out of the primary public financing system. So this is not completely unprecedented. And McCain is bound to be very sensitive about it.
Furthermore, McCain does not have clean hands on this either. Earlier this year, he promised to accept primary public financing in order to secure a loan from a bank. But when he started doing better, he pulled out of the public financing system (probably illegally) and took the loan anyway.
On the other hand, Obama is not being criticized just for changing his mind. The argument is that he used his pledge to win votes and then turned around and reneged on the promise. To be truthful, although you are right that this is not the first or last time a politician has done such a thing, it is a fair criiticism.
All in all, I think he would have been dumb to make any other decision. In fact, Democratic leaders and the press would have pointed to an acceptance of the public funds as a sign of weakness. He's nobody's patsy.