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  Obama to Break Promise, Opt Out of Public Financing for General Election
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Parent(s) Race 
ContributorScott³ 
Last EditedScott³  Jun 19, 2008 08:40am
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CategoryNews
News DateThursday, June 19, 2008 02:00:00 PM UTC0:0
DescriptionABC News.

An excerpt...
"In a web video to supporters -- "the people who built this movement from the bottom up" -- Sen. Barack Obama, D-Illinois, announced this morning that he will not enter into the public financing system, despite a previous pledge to do so.

"We've made the decision not to participate in the public financing system for the general election," Obama says in the video, blaming it on the need to combat Republicans, saying "we face opponents who’ve become masters at gaming this broken system. John McCain’s campaign and the Republican National Committee are fueled by contributions from Washington lobbyists and special interest PACs. And we’ve already seen that he’s not going to stop the smears and attacks from his allies running so-called 527 groups, who will spend millions and millions of dollars in unlimited donations."

In November 2007, Obama answered "Yes" to Common Cause when asked "If you are nominated for President in 2008 and your major opponents agree to forgo private funding in the general election campaign, will you participate in the presidential public financing system?"

Obama wrote: "In February 2007, I proposed a novel way to preserve the strength of the public financing system in the 2008 election. My plan requires both major party candidates to agree on a fundraising truce, return excess money from donors, and stay within the public financing system for the general election. My proposal followed announcements by some presidential candidates that they would forgo public financing so they could raise unlimited funds in the general election. The Federal Election Commission ruled the proposal legal, and Senator John McCain (R-AZ) has already pledged to accept this fundraising pledge. If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election."

Not so "aggressively," according to the McCain campaign..."
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