Obama Reconsidering Taking Public Financing and Its $85 Million Spending Limit Pledge

After seeing how much Obama has been spending, John McCain has come out and said that he is worried that Obama may not keep is word to accept public financing, and more importantly, it’s $85 million spending limit for the general election.  John McCain has said that he plans on accepting the money and the limits, but if Obama breaks his promise, he may have to reconsider.

Concerns have come as Obama has raised a total of $193,600,733 and has spent $154,767,643, nearly twice the limit that the general election would have.  In February alone, he has raised $55,369,162 and spent $41,476,232.

McCain told reporters in Dallas, “The fact is that he is saying one thing and he’s doing another.  I mean, that’s indisputable.  He’s always talking in his speeches about how we need to keep our word with the American people.  Please keep your word to the American people on the commitment you made in writing.  If Senator Obama is the nominee and decides not to take public financing then obviously we have to evaluate our options on it.  It’s possible that I still will [take public funds] and it’s possible that I won’t.”

Today, Obama told reporters that “I think that it is creaky and needs to be reformed if it’s going to work.  We know that the check-off system has been declining in participation and as a consequence, the amount of money raised through the public financing system may be substantially lower than the amount of money that can be raised through small donations over the Internet. … I would like to see a system preserved and I intend, if I am the nominee, to have conversations with Senator McCain about how to move forward in a way that doesn’t allow third parties to overwhelm the system.”

So, we’ll just have to wait and see what happens.  It will be a HUGE temptation for Obama to pass the public financing, so that he won’t have a cap on his spending limits, otherwise, his fundraising skills aren’t going to be of much benefit to him.

Done Ranting,

Ranting Republican
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One Response to “Obama Reconsidering Taking Public Financing and Its $85 Million Spending Limit Pledge”

  1. Obama Wants a System “that doesn’t allow third parties to overwhelm the system” « Republican Ranting Says:

    […] Republican Ranting A blog that I post on whenever I see something that makes me want to go off on a Republican (Libertarian every once in a while) rant. Note, all times are for the Eastern time zone, daylight savings time when applicable, so stop leaving comments that it’s only noon in California and I said 3:00 P.M. « Obama Reconsidering Taking Public Financing and It’s $85 Million Spending Limit Pledge […]

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