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June 20, 2008
Posted: 01:56 PM ET
 Click the play button to see what Jack and our viewers had to say.

Click the play button to see what Jack and our viewers had to say.

FROM CNN’s Jack Cafferty:

Barack Obama has become the first major-party candidate to opt out of public financing since Watergate.

It’s no big surprise. When it comes to fund-raising, Obama is a virtual ATM machine. Candidates who take public financing get about $85 million to spend in the 2 months before the general election. But, if Obama can tap into the 1.5 million donors who contributed to him during the primaries along with Hillary Clinton’s donors, some predict he could raise as much as $500 million – which would put him at a tremendous advantage over John McCain, who says he’ll take public financing.

Experts say Obama could use this money to run a national ad campaign similar to marketing drives run by companies like McDonald’s and Nike. He’ll also be able to compete in Republican states, where the GOP rarely gets competition.

The downside for Obama is he’s opened himself up to charges of hypocrisy. Last year he vowed to work with the Republican nominee to “preserve a publicly financed general election.” And he’s now drawing fire from both friends and foes for this change of heart.

McCain lashed out at Obama, saying he’s gone back on his word. Although campaign finance isn’t a top issue for voters, the McCain camp is pouncing on this as an issue of trust as well as evidence that Obama doesn’t really represent a new kind of politics.

Watchdog groups are also disappointed with Obama’s decision, and Senator Russ Feingold, who has co-sponsored legislation with Obama to change the public finance system – is calling his decision “a mistake.”

Here’s my question to you: How much does it matter that Barack Obama is opting out of public campaign financing?

Interested to know which ones made it on air?

Patrick writes:
It matters, but this is a battlefield tactic. He would be letting down, in a way, all his supporters who have contributed so far by giving up every advantage he has. And let’s be honest here: if McCain was in his position, can anyone seriously say he wouldn’t be doing the same thing?

Jenn from Cape Cod, Massachusetts writes:
He made a promise to the American people and now he’s breaking it. Hmmmm, doesn’t sound like “change” you can believe in. Sounds like politics as usual.

Gretchen from Bucks County, Pa. writes:
Jack, Obama is funded by donations of all amounts coming from people of all backgrounds, races, genders, etc. His is a campaign truly funded by ‘the people’. What about that is not a good thing? Sometimes, circumstances change. Obama has looked at all the circumstances and has found that ‘change’ comes in many forms - this is one of them. I would have been disappointed if he had done otherwise.

Paul writes:
I was withholding judgment about Obama because I knew so little about him. Now I know his “word” is worthless. Money trumps honor. Have a nice life back in Chicago.

Christine writes:
What do you think John McCain would do if he had the realistic potential to raise $500 million? I’m SURE he’d forgo the money take the high road, like he did on tax cuts, offshore drilling, etc. I for one am grateful that FINALLY a Democratic candidate had a healthy dose of realism. He needs every penny to fight the Republican Party and their total lack of any moral compass. I’m looking forward to the Swift Boaters getting Swift Boated!

Jay writes:
Hey Jack, As far as I’m concerned, he is using public funds. The Republicans are just upset because he’s doing it very successfully.

Larry from Santa Barbara, California writes:
Money talks, public campaign financing walks.

Filed under: Barack Obama • Public Campaign Financing


Rosalynd Florida   June 20th, 2008 1:59 pm ET

It only matters to the GOP because Obama will have the advantage and can work his 50 state strategy. Anyway, we the people will be funding Obama. Got to go make a donation. See ya!

jennifer from Cape Cod   June 20th, 2008 2:00 pm ET

He made a promise to the American people and now he’s breaking it…Hmmmm….does’nt sound like “Change” you can believe in ….sounds like politics as usual.
Jenn cape Cod

Caryn, Washington DC   June 20th, 2008 2:02 pm ET

Technically all of the money that he has raised has come from the taxpaying public. As far as I’m concerned, his campaign is publicly financed.

Eugenia, new jersey   June 20th, 2008 2:04 pm ET

it does not matter. John McSame, during the primary flipped floped so many times that he might have legal issues. the republicans are so used to outraising and outspending the democrats that now it’s you can trust him to keep his word. But I say, We can trust him to keep his word and you can trust he WILL NOT let the republican pull a fast one on him like they did to Gore and Kerry. NOT THIS TIME!!!

Pat, Greenville, Ohio   June 20th, 2008 2:04 pm ET

Nada, unless your a Republican. And that makes me wonder, why don’t they donate to McCain?

jon hoffman   June 20th, 2008 2:05 pm ET

Jack:
It is timing. Far better to take a hit months before the election; Actually it matters on a positive note; There’s bragging rights to being funded by the people and for the people. Also he can spend massively in all states when that has never been possible before. On a Democracy Position; it enfranchises voters into a true electoral process.
Jon
Oroville, Cal.

Chryssa   June 20th, 2008 2:05 pm ET

I always check “no” on the $3 option on my tax return. I figure if I want to support a candidate, I’ll give my money directly to him or her. And that’s exactly what Americans are doing. We’re supporting Obama.

Boise, ID

JD   June 20th, 2008 2:05 pm ET

His fundraising is very important to me. His success with gaining small contributions shows that he is a strong leader and can operate independently of his party’s cash-box. I imagine McCain wishes he didn’t have to indebt himself to his party to run his campaign.

Gretchen, Bucks County PA   June 20th, 2008 2:06 pm ET

Jack,

Obama is funded by donations of all amounts coming from people of all backgrounds, races, genders, etc. His is a campaign truly funded by ‘the people’ - what about that is not a good thing? Sometimes, circumstances change - Obama has looked at all the circumstances and has found that ‘change’ comes in many forms - this is one of them - I would have been disappointed if he did otherwise.

The fact that McCain and now Nadar are unable to get this kind of support is the only reason they are trying to make an issue of it. Maybe McCain’s wife can throw some money at her husband’s campaign. As for Nadar…..

sandy in Ohio   June 20th, 2008 2:06 pm ET

Jack, I think it means that Obama is wide to the Republicans and their use of indepent political groups that don’t have to obey the campaign laws. George Bush used public financing and had the “Swift boaters” go after John Kerry. McCain has already used those groups to go after Michele and Barrack Obama. Until those groups are not allowed to be used then Obama is right to take this option and run the campaign he wants.

Alex, MI   June 20th, 2008 2:06 pm ET

Jack, I think McSame and co are just crying because they know they cannot compete with Obama when it comes to fund raising. No one will like to invest into a failed campaign and presidential bid.

Jason, Koloa, HI   June 20th, 2008 2:09 pm ET

Let me get this straight, Republicans are trying to play the “morality card”? hahahahah Ha HA HA hAH hAHHAHAHAHAHAHAHAHAH!!!!!!!
You can’t even make up that kind of comedy. I think I’ll send Barack another five bucks just because I’m in a good mood now.

Jenny   June 20th, 2008 2:09 pm ET

Jack,
It shows that he is willing to change the direction when the one he is heading in is not working. Not too bad a quality to have.

Jenny Rome GA

Braytek in Minneapolis   June 20th, 2008 2:10 pm ET

What’s humorous is the fact that the McCain people are calling it a flip flop when those comments should be directed into in the mirror.
Where is the good old McCain of the 90’s? Where is the McCain who stuck to his values?

Greg ...Cabot AR   June 20th, 2008 2:11 pm ET

At least he is not going to annoy me with countless campaign commercials paid for with MY money.

Conor in Chicago   June 20th, 2008 2:12 pm ET

I think it matters and it is the right thing to do. IT’s always bothered me to know that my tax dollars are allowed to be given to political parties (Reps and Dems) while third parties who attempt to utilize this system are always shunned form the process because they aren’t “legitamate” parties-which is to say nothing for how impossible it is to have a third party become “legitamate” with resistance coming from Dems and Reps at every corner, and in every local law designed to make it nearly impossible for third parties to get on ballots.

Also, it speaks volumes to the fact that Obama CAN opt-out and McCain apparently CAN NOT.

David   June 20th, 2008 2:12 pm ET

McCain and his 527 attack dogs like Carl Rove will be putting out a lot more negative adds in order to compete.

mk   June 20th, 2008 2:12 pm ET

Obama’s donations to his campaign are usually small amounts given by millions of individuals. He is running a transparent, legal race.

McCain may be using public financing, but the GOP party - which has raised hundreds of millions - would have made up the difference in funding. This money, however, was most likely donated in large amounts by those corporations and PACs that have very special interests and needs.

Karen from Arkansas   June 20th, 2008 2:13 pm ET

I have had enough of the “stay the course” mentality. As circumstances change, candidates should be about to change their minds. I sure don’t want my tax money paying for this fiasco.

Fish, MN   June 20th, 2008 2:13 pm ET

Obama has my money to back him up; that is green public financing, Jack, the clean one!

John in San Diego   June 20th, 2008 2:13 pm ET

Jack, it matter a lot - not because McCain will try to make political hay out of Obama’s decision, but because it is the only sensible decision for Obama to make. McCain is simply jealous that Obama will raise vastly more campaign funds than he will. If the idea of campaign reform was to reduce the influence of corporate donors and increase the participation of ordinary votesr, Obama is, in fact, relying more on “public” funds than McCain.

uncle Jimbo - Chicago   June 20th, 2008 2:14 pm ET

Raising money the way he has been, involving millions of new voters, IS a pure form of public financing. Whats the problem ?

Sarah, Broomfield CO   June 20th, 2008 2:14 pm ET

It makes more sense, and is more in line with the idea that his campaign is for/by the people, to opt out of public financing and rely on his supporters to fund his campaign $5-$50 at a time. Besides, do we really need another president that insists on staying the course no matter how stupid, ineffective or just plain wrong that course has become (and no matter how many lives are lost by staying that course)? I’d rather have a president that can adapt and switch to a new strategy when the game changes. Just because something was right a year ago in the context of the current events of a year ago doesn’t mean it’s right in light of the current events now. Stubbornness does not necessarily equal strength and intelligence, and if we can’t accept that, we will never change.

Ruthie, GA   June 20th, 2008 2:15 pm ET

It doesn’t matter. I don’t give to the presidential campaign through my tax returns, because I want my money to go to the candidate of my choice. I will donate more money to Obama’s campaign, because he is my choice.

Jayne in NH   June 20th, 2008 2:15 pm ET

It doesn’t matter to me. As far as I’m concerned he can rob banks to fund his campaign if it will help him win. In any case, what’s wrong with his million and a half small donors footing the bill instead of the taxpayers?

LaVon, California   June 20th, 2008 2:15 pm ET

So…..all those millions of small donors that Obama has been able to acquire over the past 16-17 months aren’t considered “public”? Anyway, the Republicans will do or say anything to get McCain in office and Obama will need all the money he can get in order to counter that.

PT Voorhees, NJ   June 20th, 2008 2:16 pm ET

Jack, Obama would have been foolish to stay with public financing especially since he stands to raise 3 - 4 times as much money than what would be allocated for his campaign. Those who criticize the move and refer to him as a flip flopper should consider this: I rather him show common sense and change his position on THIS issue, unlike John McCain on everything else that matters.

Terrence   June 20th, 2008 2:16 pm ET

Jack, it does not matter if Obama rejects public financing as long as he is being supported by small doners around the country. Our money is well invested if he keep corpoate america out of this campaign. We the people need to be represented for a change.

Lene'   June 20th, 2008 2:16 pm ET

Since the Democratic party took a vow not to fill their coffers with Lobbyist or PAC money then I see nothing wrong with him turning the public funding down. He is getting contributions from the public via his grassroots campaign. Since public financing can be used for other things other than campaigns, I think they should use it to help some of these disaster victims.

Karl in CA   June 20th, 2008 2:17 pm ET

Considering McCain’s flip-flops in and out of public funding since this all started, it shouldn’t even be a talking point for Republicans. They should be embarrassed to even mention it. Obama’s fund raising has all come from the taxpaying public and McCain’s, what little there has been, has come from K Street. Maybe common Republicans realize what a losing battle it is and will save their money for gas and food.

Wendy. San Rafael, CA   June 20th, 2008 2:17 pm ET

If he hadn’t opted out I would no longer have supported him. It would have been a stupid political decision.

BTW, what is not “public funding” about funding your campaign with small contributors? He does not accept money from PACs or lobbyists so I don’t understand the problem.

If he had opted for the taxpayer subsided route, then he would have a known $84-million to spend. By opting out, he does not have the confirmed dollar amount but I am sure that he will do well regardless.

He had “promised” nothing but conversation about it. If the shoe were on the other foot and McCain had the same grassroots support, you don’t think for a minute that he would not have done the same thing?

The Republicans are scared, as they should be, about Obama’s capacity to raise money. I am loving it!!!

Jack Colson   June 20th, 2008 2:18 pm ET

I’ve never seen any politician flip flop so many times in such a “short period of time” as Obama.
McCain has changed his mind from 2000 - however times have changed and it is eight years later.
I don’t like either candidate - they are both insiders and for Corporations primarily. Wait and see if this is not the truth.

Congres is “talk, talk and talk alot more” and do nothing.
Jack C
Oregon

John St. Louis Mo   June 20th, 2008 2:19 pm ET

The idea of campaign financing is a sham from the begining. When you look at all the 527’s and PACs running loose, what does it really matter where the money comes from. Unless of course you are a Spinmiester, then the political accusations will fly like buzzards over a carcus in the desert.

Kirven Dunham   June 20th, 2008 2:19 pm ET

Not one bit. He is raising money from people like you and me so he is in the system. Until the FEC gets its act together and stop the GOP from finding loop holes in the rules, he better do this.

By the way, when is MaCain going to face the music for over spending in the primary?

JC from Pflugerville, Texas   June 20th, 2008 2:20 pm ET

Sounds like a smart business decision to me and it shows that he knows that in order to win, he must do everything legal. McCain has changed positions on the Bush tax cuts which is much more of a problem for all of us than this issue. The republicans are just plain scared and they should be.

Allen T   June 20th, 2008 2:20 pm ET

What matters more to me Jack is the fact that our beloved Constitution has once again been cast to the side as a novelty by the Bush Administration and Congress. The fact is Obama said he would pursue aggressive talks nothing Iron Clad as McSame committed to. If you want to be real the MSM has not attacked Mcsame half as much for his flip flops and those were on policy. Heaven help us all.

Jed in Redding, CA   June 20th, 2008 2:20 pm ET

Let’s face facts: He would be nuts to run for President in this day and age with only $85 million — especially when he can easily raise hundreds of millions of dollars from small donors between now and the election.

The decision is fair. Obama will raise unlimited funds but will admonish the Dem-friendly 527s and McCain will be limited by public funds but do nothing to halt the GOP attack machine. That makes it a fair fight.

F. Taylor   June 20th, 2008 2:20 pm ET

Jack would you kindly send McCain and his cronies some cheese to go with that whine!

McCain holds his rallies in a phone booth and basically can only rely on corporate donors so public financing is his only avenue.

On the other hand real people of every day life are jumping at the chance to be part of history and play a small part in putting America back on track to success and progress.

Jerry,OK   June 20th, 2008 2:20 pm ET

It’s indicative that Obama’s signature, word, and anti-war speach, mean absolutly nothing.

Jerry N/Tulsa

Mary, Alabama   June 20th, 2008 2:21 pm ET

It doesn’t matter at all to me, Jack. Isn’t public financing the tax payer’s money? Obama has revolutionized campaign funding with his grass roots small donor system. I don’t blame him for choosing that option. McCain knows he can’t raise megabucks in this manner so of course the GOP is bitter. This should be an interesting race all around and it seems to focus on Obama. Barack is holding the good cards for the time being.

Karen-Phoenix   June 20th, 2008 2:21 pm ET

Go Obama!! I sent him another $25 yesterday!!! WE THE AMERICAN PEOPLE are now his lobbiests!! AND the republicans are sooooo jeleous!! McCain looked like he was going to scream at someone yesterday when he was interviewed!!! Go Obama!!!! The old political system is changing and in favor of the great American middle class!!

Dan, Chantilly Va   June 20th, 2008 2:22 pm ET

Another $500 Million wasted by the government when 1/10th the amount would have been more than sufficient. I’m glad we’re not spending that money on things like education, crime, homelessness, Midwest flood relief, the environment, housing subsidies, or any kind of program that benefits the poor. No, I think the money will be much better served in making a couple dozen commercials that talk about how old McCain is. Good old America.

Sue/PA   June 20th, 2008 2:22 pm ET

Jack,

Very smart move on Sen Obamas part. We, the great citizens of the USA, fund his campaign…How more “public” does one need to get? McCain and his camp are just peeved because there is no way he and the Republican party can ever raise 1/4 of what Sen Obama can raise through us…his supporters.

Connie   June 20th, 2008 2:25 pm ET

Jack, I hope my neighbor didn’t hear me when I seen John McBushs face when he was talking about this , I was laughing so hard I though I was going to wet myself.As far as Nader not approving I thought this was what he has always advocated grass root movement. I must get off of this computer so I can send my check to Obama. OBAMA 08

Connie from Indiana

Darth Vadik   June 20th, 2008 2:25 pm ET

No it doesnt Jack,

Obamas donations are $96 on average, unlike others who get their donations from LOBBYISTS.

John McCain has no chance in Hell to raise as much money as Obama, plus didn’t McCain break some finance rules?

That is why McCain is crying, poor little old mean baby.

Teri in FL   June 20th, 2008 2:25 pm ET

It’s public financing in it’s purest form. “We the people” kind of public financing. T Boone Pickett and others have been financing the Republican Swiftboats for years, maybe we can have an advantage this time WITHOUT the 527s.

Teri
Palm Coast FL

Adrienne, Miami, FL   June 20th, 2008 2:25 pm ET

Look, Jack - Obama promised to work with the Republican nominee to try to preserve public financing. McCain evidently isn’t even willing to negotiate about it - his campaign vehemently denies any negotiations ever having occurred. Obama would be stupid to take public financing knowing how much the RNC is raising and what the Republican 527s will be like.

It’s a flip-flop, Jack, but he is better off flip-flopping and being able to raise enough money to really compete, than trying to be honorable about a vague promise to try to preserve public financing if he then LOSES!

Chut Pata   June 20th, 2008 2:25 pm ET

I don’t understand. If universal health care is bad because it comes off tax dollars and hence “socialized medicine”, then how come public financing is good which also comes off tax dollars and hence “socialized elections”.

I would like my tax dollars to go to “socialized medicine” rather than “socialized elections”.

Deb   June 20th, 2008 2:26 pm ET

Hi jack,
Yea, as much as it matters that Mcain was pro illegal immigrants before “he got the message”. Just think; it’s only June. So far this circus has been amusing, at the very least. so what happens to the unused portion of the funds? Oh, I’ll bet it gets donated back to the public to food banks, in case any citizens are out of work & groceries,
Huh?
Later,
Deb

Kim, Canada   June 20th, 2008 2:26 pm ET

Yes it matters, it shows that he revised a decission based on the current arena around him. A good leader doing what’s best to get things done. Not a flip flop if you read how he worded the agreement to go into puplic funding on the onset.
McCain, on the other hand, has truely flip flopped on just about everything he has said. He has reversed his thinking so much the video archives have a whole new section, I’m sure.

brian in nc   June 20th, 2008 2:26 pm ET

Jack: Isn’t the rationale for public financing, to rid the system of big money influence? What better way to accomplish that than to have two million plus individuals swamp the big money interest 527s (the big loophole) and the RNC.

Jim from CT   June 20th, 2008 2:26 pm ET

Jack, as soon as I heard this I was so enthusiastic to support him that I donated once again to his campaign.

Gary of El Centro, Ca   June 20th, 2008 2:27 pm ET

If McCain thought he could raise that kind of money, he would opt out in a heartbeat. Obama would be a “chump” to give up an obvious financial advantage, and the GOP would have steamrolled him had he done so. He did the right thing.

milly in massachusetts   June 20th, 2008 2:27 pm ET

No it doesn’t matter since he won’t be using tax payer money to fund his campaign. John McSame is trying to feign outrage garner support by telling voters that Obama lied, when in reality he is the one that gamed the system.

Nuwan Sam   June 20th, 2008 2:27 pm ET

I think he did a mistake. He is slowly turning his back on his campaign promises. He has his reasons to do this but he made promises to the voters to get their votes. Now that he is the candidate, he is saying good bye to his promises. He is becoming a typical washington politicians that people didnt want. Who know what he will become if he win in November. We will see his true colors in the future. This is just a start.

- Nuwan from Houston, TX

Keith R., from Tucson, AZ   June 20th, 2008 2:27 pm ET

If you read the full texts of what Obama agreed to (in writing) it’s that he would pursue public funding if there was an agreement from the other side. According to yesterday’s news, there was no agreement, stated directly from the McCain camp.

And the other half is that he would support public funding during his bid for Presidency. Supporting the funding doesn’t necessarily mean being beholden to it. As long as he doesn’t shoot it down, then let it be.

Dayton from Columbia, Maryland   June 20th, 2008 2:28 pm ET

Look Jack, this isn’t a change in policy. It is a change in a course of action. Obama’s principles are not compromised because his reasoning is legitimate. Public funding is corrupt. Just look at the last presidential election (remember those swift boat veterans). You can’t label Obama a hypocrit for something he said he would do a year ago. Circumstances have changed, and it is clear that McCain is going to run a smear campaign. I commend Obama for his foresight.

Grace in California   June 20th, 2008 2:28 pm ET

This week Obama’s campaign announced it will not take money from lobbyists and special interests and due to flaws in the public fund system, he will not participate. McCain has also danced around on this issue, but he has not announced no to money from lobbyists and special interests.

Does it matter? To the American voter? Not really. Both candidates will launch effective campaigns and arrive at a decision on the financia ethics of the campaign. But I dare say McCain’s campaign is probably “concerned” at the fundraising power of the grass roots backers of Obama. It ought to be too.

What does matter is the economy, Iraq, fuel costs going through the roof, the rapidly increasing price of food at the grocery stores, the nightmarish mortgage mess and ongoing foreclosures, the increase in working poor, the vanishing middle class, the environment, the number of unemployed and underemployer.

Scot - Fairfield, CA   June 20th, 2008 2:29 pm ET

I think Obama made the smart choice by turning down public taxpayer financing. I for one, have never checked the box on my tax return for the $3.00. This is one handicap that the Republicans won’t be able to control or handle.

Watch out McCain - it’s about to get ugly in here!

Sue   June 20th, 2008 2:29 pm ET

In the end, it doesn’t matter at all because people like me who will send thousands of dollars to support our candidate can send to PACs or start our own internet site to bash BO, and we will.

Taj from Chattanooga   June 20th, 2008 2:29 pm ET

It matters not at all Jack. This will help to expose public financing for what it is–a broken system. Why should taxpayer money be used for letting candidates advertise and campaign when that money could be used for other important issues. We should talk about Obama’s leadership in making the DNC not accept lobbyist or PAC money just like his campaign. This is truly a campaign of the people, by the people, and for the people. McCain may have opted for public financing, but I’m sure the RNC is still getting their big sums of money from PACs, lobbyists, and some other shady characters.

Margaret, IN   June 20th, 2008 2:29 pm ET

Heck Jack, that’s what we want Barack to do. The system is broken, and that’s why we are funding his campaign, so he can be accountable to the people.

He did exactly what we were hoping he would do. He has not failed us, and we will not fail him. I’m at work making money so I can send another check to Barack. He’s a great leader and we are behind him 100%.

Those sourpusses on the GOP side should have been thinking about the people a long time ago, instead of big corporations. If corporations could vote, then we wouldn’t have leaders like Barack. We would have more George Bushes–egad!

Paul, Columbia, SC   June 20th, 2008 2:29 pm ET

I was withholding judgement about Obama because I knew so little about him. Now I know his “word” is worthless. Money trumps honor. Have a nice life back in Chicago.

Nancy in Florida   June 20th, 2008 2:29 pm ET

I have no problem with Barack Obama rejecting public campaign money because the majority of his financing has come from many individuals who have donated relatively small amounts. I cannot think of a better way to finance a campaign than from regular citizens giving small amounts of money to the candidate of their choice.

Mary Oklahoma   June 20th, 2008 2:30 pm ET

Senator Obama mislead the American voters again, then changed his mind. Just another flip-flop for the corrupt flip-flopping politician. This is his usual political agenda.

Helene   June 20th, 2008 2:30 pm ET

I already gave Barack Obama a large donation.

Ginnessa   June 20th, 2008 2:31 pm ET

I personally do not understand the uproar that Obama’s decision has caused. If he can raise $500 million or more, why should he accept only $85 million. The reason Republicans are “outraged” is obvious: there is no way that McCain will be able to raise 1/4 of the $85 million, let alone what Obama can and will raise.

Richard, Syracuse, NY   June 20th, 2008 2:31 pm ET

Just another example that Senator Obama is not really a candidate for change. He is just another Politician who will say and do what is necessary to win. He found a slogan that People wanted to hear and road it all the way to the Nomination, and possible the White House.

Jean Los Angeles   June 20th, 2008 2:31 pm ET

He is being funded by the public that made a choice. I donated to a canidate’s campain for the first time and I am 69 years old, I consider myself and others as members of the public.

I think it was a good choice given the options.

AndyZ Fairfax, VA   June 20th, 2008 2:31 pm ET

A very dangerous precedent indeed. How will the American voting public react to, dare I say it, an honest, not-for-sale politician. Perish the thought! Demand money from the public till.

Rosemary, California   June 20th, 2008 2:31 pm ET

If Obama does not take PAC, Lobbyists, and Corporated Donors, does this not mean that he has been taking public funding of his campaign the whole time? We the small donors, are we not the public.

The Public is saying this is who we want to be POTUS. Besides, Obama just saved the Federal Govt. and the the public $85 million dollars. Can John McCain say that?!!!

Trevor - Barbados   June 20th, 2008 2:32 pm ET

Not at all. This is a contest. Ever seen Kevin Garnett give feint left and when his opponent moves in that direction he goes the other way? Does the referee blow a foul? It’s how the game is played.

NH, Texas   June 20th, 2008 2:32 pm ET

Jack,

Truth be told the GOP is upset because someone other than them is ahead in raising money. Try to imagine if the GOP had Obama’s ATM machine capabilities, they would be laughing at him for turning the money down. Obama is allowed to change his mind. Personally I think taking money from ordinary people and not from the fund supports his argument of running for the people. It relieves him of the pressure to please the special interests. Let’s see how the rest of this year rolls out.

NH, Texas

larry   June 20th, 2008 2:32 pm ET

how many other promises will he break? - change of promise is the only thing we can believe in … call it like it is … politics and politicians behaving badly…. that is behaving as usual.

Is there a viable independent out there?

Ruben from new york   June 20th, 2008 2:33 pm ET

It does not matter, we are the ones that donate to him regardless. The republicans do not like that because their machine cannot generate that clout. Obama, you did not break laws, just trying something different for a CHANGE.

Emeka, South Florida   June 20th, 2008 2:33 pm ET

Mcain should also reject the public funds because he is meant to be a Republican seeking limited government. Government should NOT be funding campaigns rather it should bail out its own citizens from the mortgage crises.
Mcain should be attacked for spending taxpayer’s money on a campaign that is still-born.

Nancy K from Indiana   June 20th, 2008 2:34 pm ET

I am a 68yr old widow living on SS and a very small pension. I have donated what I can to Obama monthly since this all started and will keep donating until he is the next President of the United States! As a citizen and a voter because of his smartness of using new technology now I can really choose where I want MY MONEY TO GO!!!!

Donna, KY   June 20th, 2008 2:37 pm ET

Jack,

Obama is running the greatest campaign I’ve ever seen in my life, and I’m not going to question his decision. We want him to win, and the decision was a no brainer. Does he accept 80 million, or does he accept over 100-200 million dollars from people who want to GIVE him the money. The best that John McCain can do is move out of the way, because this Obama Money Train is coming straight at his “Straight Talk Express”.

“We The People” Can Not Be Stopped By GOP Tactics

Note to the GOP: Our Constitution means more to us than wallpaper, as you have used it for 8 long years.

Heather in PA   June 20th, 2008 2:37 pm ET

Obama made the right choice by opting out of public financing. This gives the voters the power to contribute directly to the candidates that they believe in instead of checking a box on a tax form in April and having their money go to any candidate.

Tony from Torrington   June 20th, 2008 2:37 pm ET

It doesn’t matter, because he realizes that to be sure of a win in November, he needs to buy the election. Why not “change” his mind? After all, change is his thing….change to anything that will guarantee a win. Talk about swiftboating, he will have an entire armada to try to sink McCain. What a great guy!

linda n carolina   June 20th, 2008 2:38 pm ET

Jack: McCain just got outfoxed on this one. This isn’t your old politics anymore. The republicans have met their match. Take Obama’s share of the public funds and give it to the flood victims. It will be Obama’s gift to America. Gotta love this guy.

Zina   June 20th, 2008 2:39 pm ET

Not a bit!

Zina, Las Vegas

Paulette Dallas,PA   June 20th, 2008 2:39 pm ET

It matters a lot. He said one thing and is now doing another. Why should we believe anything he says. This man tried to sell America that he was a man of principle,not a hypocrit.

Adam Mercer Oshawa, Ontario   June 20th, 2008 2:39 pm ET

Jack,

I fail to see how taxpayers can object to a candidate who wants to keep the money in the national coffers in favour of allowing those who want to see him win put their money where their mouth is. The taxpayer wins, the candidate is happy, and all the way around it is both fair and legal.

If McSame has a problem with it maybe he should drop public financing, and see if his supporters will put up or shut up.

Eric, from THE Republic of Texas   June 20th, 2008 2:53 pm ET

Change!
Change!
Change!
(except when it puts me at a disadvantage)

Typical liberal… “do as I say, not as I do.”
The “New Messiah” is beginning to look like a false prophet.

shirley   June 20th, 2008 2:53 pm ET

This is the kind of change I can believe in. Where is my purse?

Mary Wa   June 20th, 2008 2:53 pm ET

It is public financing at it’s best. We the people choose who we want to support. I never check the box on my tax return because I may not want to support one or either of the canidates. Besides he didn’t really flip-flop. There was a comment after the check-box on the questionaire where he wrote a contingency based on fair play. McCain isn’t playing fair. Thats why the DNC have filed a complaint. The republicans are mad because Obama is smart. We are smart as well and won’t fall for McMillionaires whinning.

Jack   June 20th, 2008 2:54 pm ET

This is much ado about nothing. The system as it is terrible. Collecting millions of dollars from individual donors is true public financing. I want my money to go to my candidate. Does anyone else notice how much time and energy McCain spends complaining?

Jim, Oak Park, IL   June 20th, 2008 2:54 pm ET

I am all for Obama bypassing public funding …..

As long as he spends the money wisely (ie: he takes the high road).

As long as he continues to raise money primarily from individuals who donate small sums.

As long as there exists 527-type groups that are accountable to no one and who will attempt to “swift boat” his campaign.

As long as public finance rules remain unfair (ie: 3rd parties are excluded).

Barack Hussein Obama fro President in 2008.

Loretta from California   June 20th, 2008 2:54 pm ET

Jack it doesn’t matter to me.

No!!! I rather like the idea of our political leaders finding ways to raise the money on their own, as opposed to taking tax payer, special interest, or Pac money.

John in Santa Barbara, CA   June 20th, 2008 2:55 pm ET

Obama has just stapled a “Win At All Costs” sign onto his chest. He will bleed alitte and then it will be over.

Robert - Des Moines, IA   June 20th, 2008 2:55 pm ET

Jack,

Obama is all about change when it benefits him.

Lets change our friends, our family, NAFTA, public funding, respect for Hillary, move DNC to corrupt Chicago, and our patriotism. Do any and everything to get elected. Not that any of this matters as it falls on deaf ears to his supporters.

Manipulate people to get elected? Yes We Can.

Kathy   June 20th, 2008 2:56 pm ET

I feel sorry for all those low-income folks who financed Obama’s primary campaign — and are now being asked to finance his general election campaign. Obama is more than happy to take their last $100 — money that could be better spent to fill their gas tank or to feed thier children.

Doesn’t OBAMA see that he is only adding to the burden of the average american (SMALL donors) who he is now asking to SUPPORT him through November?

How thoughtless of the man - $85 million of already dedicated public funds is not good enough for Obama.

Kristen- Philadelphia, PA   June 20th, 2008 2:56 pm ET

Hey Jack Welcome Back,

Doesn’t matter to me one bit. I am one of the million that donated in the primaries and will be happy to donate now. McCain is having a hissy fit because he can not top Obama’s fundraising phenomenon.

Obama made that decision based on facts then and based on the facts today he changed his mind. He would have been a fool to ignore the fact he can raise hundreds of millions on his own.

Hey the governments is in a what trillion dollar deficit we can’t afford to give candidates 85million dollars anyway.

Dale Wise   June 20th, 2008 2:56 pm ET

I don’t think it will have any discernible lasting impact on the election. There are too many other more important issues. Personally, it strengthens my support for Obama that he’s already going against the system and changing how things are done. The public financing system should be scrapped anyway.

- Alexandria, VA

Ed in OH-IO   June 20th, 2008 2:56 pm ET

The only reason Mccain wants Obama to use public funding is because of the ENORMOUS disparity the RNC has over the DNC in their coffers. So what he portrays as an issue of trust is actually an issue over where the money comes from. Republicans coffers are stuffed with money from lobbyists while Obama is generating his funds from average citizens. You tell me what sounds worse?

Bob Turton in Brooklyn NY   June 20th, 2008 2:56 pm ET

Hey Jack,

When John McCain moves his mouth non-sense usually spews-out. McCain has been running Presidential Campaign ads since April; two full months before he knew who his opponent would be. Does that money count towards his $85M funds he is claiming to only use? I seriously doubt it. Then factor in the 527 monies. Ultimately much more than $85M will be spent by or on John McCain’s campaign. Talk about hypocrisy.

indianapolis   June 20th, 2008 2:56 pm ET

McCain doesn’t have room to throw stones on this one. He was for public financing when couldn’t raise enough money to get through the primary. And now our tax dollars aren’t enough, so he’s talking about dropping out too. McCain’s money problems are really message problems: the public isn’t buying what he’s selling

Francis, CA   June 20th, 2008 2:56 pm ET

Jack,

I went on a business trip where the news was not always available. All I could do was send my money to Barack. That was my way of keeping involved.

He did the right thing, and I’m behind him all the way. We’re having a voting party in November and I can’t wait.

Diing in Washinton   June 20th, 2008 2:57 pm ET

If Senator McCain said he was not going to be the refere for the GOP’s 527ers and other smearmongers, Senator Obama had no choice but to opt out. Any reason person in his/her mind could not accept that. Therefore, let the gop whin all they want.

How soon we forgot what they did to Senator Kerry. Gop are themselves to blame. Remember what happened in MI, NC, TN, TX, and Foxnews. Senator Obama has made the best decision ever. Bravo to him.

Forris Hudkins   June 20th, 2008 2:57 pm ET

The comments of those on this site who agree with Obama having turned down public financing makes one really wonder what sort of upbringing they had. Did not you parents explain to you that your word was your bond? Apparently not . . .

A person’s word is either good, or it is not. A person who agrees to do something — Obama did agree in writing as indicated on the documents that were displayed on MSNBC. In plain language, for the benefit of those who had no upbringing is that one keeps his/her word REGARDLESS of loss of benefit.

Kwapi   June 20th, 2008 2:57 pm ET

As much as it may make Obama temporarily look bad only a fool would have done otherwise; I see it as a necessary evil that contributes to the greater good if the greater good is contigent on Obama getting into the White House.

Kristen- Philadelphia, PA   June 20th, 2008 2:57 pm ET

By the way Jack, having over 1million contributors is public financing at its best.
Kudos to Obama for inspiring that many people to get involved.

DJ, Los Angeles   June 20th, 2008 2:58 pm ET

Yes it does matter. The system has been broken going back decades.
President Eisenhower was one of the first critics of how lobbyists and special interests have corrupted the political process.

When the big money lobbies flex their muscles making donations to various politicians…they expect someone back in return such as legislation written by own attorneys or other corrupt favoritism.

They system is BEYOND broken. It’s outright corrupt…let’s be honest.

Jim - Huntington Beach, CA   June 20th, 2008 2:58 pm ET

It doesn’t matter one bit. Neither one of them needs those funds, so the issue is unimportant.

Jeremy   June 20th, 2008 2:58 pm ET

Jack,
I really dont think it matters at all, McCain realizes now that he definitely has an up hill battle along with the GOP. Also remember what Luke Russert said, If you change your mind just come out and say it! No Big deal

Rick in L.A.   June 20th, 2008 2:59 pm ET

Not pointing at John McCain, but the Republican party hosts some of the biggest crooks and liars in modern political history. For them to make an issue of this is going to backfire at some point. Can’t wait!

Nicholas from Knoxville, TN   June 20th, 2008 2:59 pm ET

Why not try something new Jack? It shows me he doesn’t have to stick to the status quo ALL the time. You don’t always have to do things the same way every time around.

Brett from Austin   June 20th, 2008 3:00 pm ET

Normally it wouldn’t matter, but when someone claims to be running on “the politics of change and hope”, it threatens his candidacy by demonstrating the politics of the last 3 or 4 decades…

Just another politician going back on their word.

henry   June 20th, 2008 3:00 pm ET

When are we going to face the real problems going on about the middle class??

Why can the GOP jump at the chance to bury Obma about this yet when it comes to the real issues that will get McCain elected, you know healthcare, economy, GAS PRICES they seem to be silent.

Paul Harris   June 20th, 2008 3:00 pm ET

Jack,
Not at all someone has to at some point stop taking public money and lobbyist funds. It is the right step for the future of this country.
One small step for Obama, one giant step for change. Why does this upset McCain so much?

Paul
Austin, Texas

Tom, Ft Lauderdale   June 20th, 2008 3:00 pm ET

Jack

I think Obama should not deviate from his pledge to use public money. I further believe it wont change the election either way; leaving his word in tact.

Chris Loveland, Colorado   June 20th, 2008 3:01 pm ET

It does not matter at all. Just cause he wants to collect his own money from the public is not a bad thing. He is a smart guy he knows what he is doing. And doesn`t this mean he trusts us if he would rather not take a guaranteed $80 million and try to raise his own millions.

Daniel Meade   June 20th, 2008 3:01 pm ET

Obama’s the man! He smart to opt out. And who really cares? Only McSame because he can’t raise even a fraction of the money that Obama can. I gave him money, and I’m about to go donate some more. Isn’t that a publicly funded campaign?
YES WE CAN!!!!

mark   June 20th, 2008 3:01 pm ET

Let the people sent a clear voice of who they want to be the next president of our great country. By giving their money directly to who they really think should be the next leader regardless of who wins the electorate votes.

Matt In Cleveland   June 20th, 2008 3:02 pm ET

Forriss so you are supposed to keep your word even if it is a bad decision?? sound stupid to me. he saw how flawed the public financing system is and didnt want to play that game. its like a guest on cnn said this morning, you might have promised your daughter to go swimming but if there is rough surf, its a better decision to not go.

juice-Canyon Lake   June 20th, 2008 3:02 pm ET

If he can raise more money to help his campaign within the law then more power to him. McCain has his own campaign issues when it comes to finances. I believe there is s law suit currently against for violations when it comes to campaign finance i.e. he violated the law; Obama did not.

Don-Ocala, FL.   June 20th, 2008 3:02 pm ET

I am a Republican but I think that our party has received what it deserves. Obama knows that the 527’s will be coming after him, his wife, his children and will stop at nothing in trying to win this election. He made the smart move in order to combat this dirty side show as he will need the funds to defend himself. McCain is a major disappointment to me as he has betrayed anything he may have stood for in the past.

Miranda, Philadelphia, PA   June 20th, 2008 3:03 pm ET

Hi Jack. The Republicans are making a mountain out of a mole hill. Apparently, only they are allowed to learn new information and change their minds on important issues. Last week, McCain and Crist were opposed to offshore drilling. After going public about their change of heart, the Democrats didn’t question their personal integrity. Focus on the issues, Mr. McCain!!

RJ from Pennsylvania   June 20th, 2008 3:03 pm ET

I don’t think it matters. Obama is saying he doesnt need money from the people because he has enough of it. Plus he wants the people to save their money so their not all broke when he’s President.

Katiec Pekin, IL   June 20th, 2008 3:03 pm ET

Jack,
It means nothing. Until the wording of the public financing is
what it is supposed to be I do not blame anyone not wanting
to trust it. There are too many loopholes.
And, cannot believe the king of flip-flopping is making such
an issue of it,. Is only because he does not have the
backing and financing of the American voters.
Barack is getting public funding, us, and it is not costing the
tax payers a cent! Nor, is he allowing the special interests,
large corporations and lobbyists pick and control our
next president..

Val, Atlanta, Ga   June 20th, 2008 3:03 pm ET

Pat, Greenville, Ohio I agree with you, if John McSane was getting donations like Sen. Obama he would opt out too, and where is his backers and there wallets they are really not satisfied with there candidate and I can’t blame them for that.

Paul Harris   June 20th, 2008 3:04 pm ET

Jack,
Change is on the horizon. Look at Texas half Hilary have Obama when you get the real count McCain can not think he has any state in the bag even Arizona.
Paul
Austin, Texas

Bill Warriner   June 20th, 2008 3:04 pm ET

THIS JUST IN: The second I heard the news I went to Obama’s Web site and opted in for what I could afford. Let the people speak their hearts with their wallets. Obama’s decision is the very definition of Grass Roots, and the McBush camp has neither roots nor heart. Nor cabbage.
- Bill
Marlborough, Massachusetts

j maxwell   June 20th, 2008 3:05 pm ET

I feel very sorry for people who are so upset with Senator Obama’s decision. I am sorry because that much negative energy invested by these people create stress. The stress chemical create health issues for thier major organs. Which will lead to bankrupting the health insurance companies. So, if you do not want to vote for him do not. Let go of the negitive energy by sending your money to Sentor McCain and be happy!!!

John Buch   June 20th, 2008 3:05 pm ET

Obama might have a dry Well come August - he better more carefull than selfish. He’s shown his self serving ways when he would not agree to have Michigan and Florida voters re vote. That was as unpatriotic as any person could be. That did it for me - all done Obama (who use to call himself Barry for almost all of his life).
John B
Minnesota

Peter E, Boulder, CO   June 20th, 2008 3:56 pm ET

‘Yes, we can outspend everyone else.’

Terry in Hanover County   June 20th, 2008 3:56 pm ET

Hypocrisy and politics? Whoever would have ‘thunk” it? The GOP and McCain are having trouble raising money so McCain needs the public campaign funds; Obama doesn’t. Obama only agreed to meet with McCain’s people to discuss the issue. No, he didn’t keep that promise. When has any politician in recent memory kept his or her promises to voters? Isn’t lying what politicians do best?

Donnie R. Shorts   June 20th, 2008 3:56 pm ET

What Obama is doing is great and audacious!!! Although he has done an about face so to speak, it is prudent to do so. Why? It is my belief that if you arevgoing to run for public office you should raise your own money. Taxpayers are already burden with enough cost as it is. We shouldn’t have to foot the bill for a politician who we may or may not agree with his desired policies. He/she should be under-written by those who support his views.

Pappu   June 20th, 2008 3:56 pm ET

All you foolish people think you have found your Messiah. Obama will be laughing all the way to the White House. He has no convictions, no principles, no scruples.

Bill in Oklahoma   June 20th, 2008 3:56 pm ET

Obama is just like any other politician. He will do what is in his best interest. Having a quarter of a billion dollars is better than having 84 million.

MBG   June 20th, 2008 3:57 pm ET

….and guess what I’m going back and donating another $5 bucks! How’s that for public financing!

Chris P., Buffalo NY   June 20th, 2008 3:57 pm ET

Obama is being attacked from all sides … the GOP alone would eat up that 85 Million with one attack. If the attack dogs were turned off, that’s one thing - but until this is truly an issued-based system without all of the attacks, Obama is doing the right thing. Why play by their broken rules and tie his own hands? We’ve been bamboozled for far too long!!!

Adam from Orange County, California   June 20th, 2008 3:57 pm ET

Look! this ridiculous! McCain rejected public funding long time ago. Yet, he goes out and criticizes Obama. Give me a break!

Zanfito, Atlanta, Georgia   June 20th, 2008 3:57 pm ET

Even if Senator McSame receives the 85 millions in taxpayers’ funds, his campaign will still be funded by special interests, corporations and lobyists. You just have to envision what percentage of the overall campaign money special interests group money represents. Add to that his lobyists two top aids’ time worth millions more…

On the other hand, I feel like it’s been with my 15$ contribution Senator Obama has been operating on (I’ll give 3 more times 15$ in the months to come, by the way). Who’s using public financing? Jack, you and the american people are smart enough to answer this question.

Paul   June 20th, 2008 3:57 pm ET

Jack,
With more experience, judgement, and qualifications. Does McCain need to spend $84 millions to tell us that he has more experience?

Chantilly, Virginia

OSIRIS   June 20th, 2008 3:57 pm ET

Jack,

You and I know that the republicans are master of the game. Gaming the system is a vicious cycle that cost the presidency to AL GORE and John kerry.

Now, Obama is bringing his own team, the American People(donors), to play the same game, the genaral election, in different courts, the 50 states.

Sen. Obama is a bright young guy and he has sorrounded himself with lots of bright American who wants a 21st century USA. $85 MIL
is not enough to play the game in 50 courts and defenitely is not enough to beat Maccain’s corporate lobbiests who are willing to take everything to the PAWN SHOP to beat Sen Obama.

SAY NO TO THE PAST AND OLD IDEAS….

After all this is politics and you will be stupid if you have an advantage and don’t use it. Wolf don’t be sorry for the republicans they are never sorry for the democrats.

God bless,
Osiris
Independent for OBAMA 08

Big Jeff, Los Angeles   June 20th, 2008 3:57 pm ET

It will only matter to those who prefer the broken, flawed, corruptible way - the Guileful Old Party

Donnie R. Shorts   June 20th, 2008 3:58 pm ET

What Obama is doing is great and audacious!!! Although he has done an about face so to speak, it is prudent to do so. Why? It is my belief that if you are going to run for public office you should raise your own money. Taxpayers are already burden with enough cost as it is. We shouldn’t have to foot the bill for a politician who we may or may not agree with his desired policies. He/she should be under-written by those who support his views.

obama supporter   June 20th, 2008 3:58 pm ET

JOHN BURCH
you are pissed because he out smarted the clintons. just get over it.

taylor richmond virginia   June 20th, 2008 3:58 pm ET

no, what matters is if he keeps it at small donations…………regardless, until congress makes public financing the law, it would be political suicide. if the candidates wanted to go the public financing route they should have done so along time ago.

John   June 20th, 2008 3:59 pm ET

Hey Jack,

I have to admit, for a Republican Presidential Candidate, like McBush, McSame; he must be really bored. All I hear is, ” Wah Wah, Obama this, Obama that”. It’s obvious, McCain, don’t have anything to offer. If He offered anything, it’s something what the people want to hear depending on the current issue or discussion just to get elected.

jen   June 20th, 2008 3:59 pm ET

How amusing that the Republicans for the first time (publicly anyway) are in a position of having to defend publicly funded anything! I would have thought they of all people would be defending the entrepreneurial, free spirit of Obama’s move. I guess they aren’t into freedom anymore?

Morad   June 20th, 2008 3:59 pm ET

Jack, it only matters to McCain’s campaign, fox news and political pundits.

Jamaal Kansas   June 20th, 2008 3:59 pm ET

Jack No it doesn’t matter this will help him fight all of the lies that the Republicans will say about him and his Wife to be honest jack i would have been angry if he played into the Republicans trap by accepting the funding.

Wayne   June 20th, 2008 3:59 pm ET

Who cares! Can we please mandate that all new home builders have solar power. Could you imagine what would of happened a few years ago if all these home builders had all homes built with solar roofs?

Ron (VA)   June 20th, 2008 3:59 pm ET

He’s not rejecting public funds. WE THE PEOPLE are funding his campaign directly. And, that scares the hell out of gramps!

Daniel   June 20th, 2008 3:59 pm ET

At this point in time I think any action that will reduce public spending and channel the money to support struggling citizens should be welcomed. I wish McCain will also eject the money.

Bishop   June 20th, 2008 3:59 pm ET

It is a hard thing to do. However, so is explaining why after you’ve declare independence form lobbyists and other special Interest groups, you are returning them to their seats, or actually MY seat, for the general elections.

The point is to make it VERY clear that the Americans are looking for a Change, want Change, are going to get Change without those groups and the disappointed HRC fan club who have turned their back on the Democratic party.

Furthermore, It will show the GOP what really support looks like with the doors WIDE OPEN….

rice, bryan   June 20th, 2008 3:59 pm ET

i guess the republicans want an uneven playing field. who cares the obama doesn’t want tax money to run his campaign. it’s disgusting that any politician takes any tax payers money. when your rich, i think you should spend your money non-refundable. the ordinary person should have the right to donate to the candidate of the their choice, instead of paying your taxes, and watch your money go up in lies. and by the way instead of worring about this issue, ask mcbush about the enron loop hole that he did not vote to close. ask him what is that doing to the cost of oil, and gas. just ask him in a debate, don’t let him weasel his way out answering it, like he would in a town hall meeting.

Jenny from Nanuet, New York   June 20th, 2008 4:00 pm ET

It’s a very good thing that he trusts the people to finance his campaign. He’s making history in more than one way and the Republicans must be sweating bullets.

Brian   June 20th, 2008 4:00 pm ET

No, it doesn’t matter. Im simpliest terms, he has now chosen to use the individual donations of those who specifically support him. Instead using the funds donated through a generic fund from taxpayers. In fact take the 80+ Million he would have used and donate it to the flood relief. Mr. McCain care to do the same?

Pablo in Arlington Texas   June 20th, 2008 4:00 pm ET

Jack
did my Ph.D. on Campaign Finance. Public finance as it now stands is a poor fix to a blighted system. Obama’s low dollar high volume approach is about the purest Populist funding system I’ve ever seen. Wish I’d thought of it for my doctoral dissertation 20 years ago.

Pablo in Tejas

L.M.,Arizona   June 20th, 2008 4:00 pm ET

I say good for him. He will need all the money he can get to compete with the swift voters,Fox news, the Limbaughs and McCain who has nothing but the color of his skin.

john marlton, nj   June 20th, 2008 4:00 pm ET

It’s huge that he is opting out of public financing. First, it means he broke his promise to take the public money. Second, everyone who antes up for campaigns expects something. Who is fooling who, get ready for the payback, if Obama gets elected we will see the grandest of social giveaway programs that mankind has ever seen.

Paul   June 20th, 2008 4:00 pm ET

This is an example of a true flip-flop: a change of position because of personal gain and NOT because of a change in policy. I think this is very important since it shows us the true nature of Obama. He will do anything to win, make any excuses, and change his mind when it benefits his IMAGE as opposed to the American people. Instead of whining about attacks due to a broken system, he should be denouncing the number ONE funded 527 culprit: MoveOn.org. Of course, you won’t see that on Fight the Smears.com.

Paul
Burlington, KY

obama all the way   June 20th, 2008 4:00 pm ET

I think it is great!!!!

I am going to donate again now!!!

And if it makes McCain cry even louder, I’ll donate even more.

I like watching him have a hissy fit. I am sure his stepford wife will have one too….but you just can’t tell because of all the botox and plastic surgery.

John   June 20th, 2008 4:01 pm ET

McCain is just upset he can’t raise as much as Obama. With the money he has raised so far and the amount he’s surely going to get, Obama can compete in states once thought strong republican bases, such as Georgia, Lousiana, and even Alaska. The Arizona senator knows he made a blunder by switching his stance on off-shore drilling, so he wants to distract this error. A lot of people probably don’t know where public finance money comes from, and even if they do, it’s a non-issue because why can’t Obama, or any candidate, for that matter, raise as much money as he can? The reason why Obama can compete in Alaska is that crab-fishing is a huge industry there, and if one of the ships happens to collide with an oil rig, then the crewmen’s lives are at stake, not to mention the possible oil spill, which could kill the crab and fishermen’s jobs.

Kenneth   June 20th, 2008 4:01 pm ET

Obama knows that he will need more than the max cap in public fincining to off st the 527 groups

Cynical   June 20th, 2008 4:01 pm ET

No. It matters only to the media not to the people.

Dan the Dandy   June 20th, 2008 4:01 pm ET

It means John is likely gonna take a bite of Cindy’s profits as his only recourse is to drink as much beer as possible to escape the reality of the situation. I’ll bet he’ll be glad he didn’t really veto beer!

Lyle   June 20th, 2008 4:02 pm ET

This truly is the public financing his campaign with all the small donors. He should “slay” this criticism and boldly say so! He should emphasize that he will not get “swift-boated” by all the GOP 527’s (where the real GOP money lives).

Mike: Scarsdale, New York   June 20th, 2008 4:02 pm ET

while going back on his word doesn’t look good on his resume,it isn’t really a big deal. he’s not stealing anything, but banking on his charisma. if the people want to donate to obama, the republicans shouldn’t cry about it; they should support their candidate. as far as i’m concerned, the public IS financing him,

Michael Nunziante III   June 20th, 2008 4:02 pm ET

Any charges of hypocrisy are based on illogical inferences. The purported purpose of public financing is to shield the Presidential election from some of the influence of Corporate Big Money. Obama’s campaign is so successful in raising money due to the unprecedented participation of small donors like you and me. Given the importance of this election, vis a vis the war, the economy, and appointments to the Supreme Court which are likely in the next 4 to 8 years, Obama’s campaign has a moral imperative to accept the financial clout of the masses, and win this election.

Kris Marsalis   June 20th, 2008 4:02 pm ET

I’ve gotta tell ya, Jack, I’ve never donated to a single presidential campaign, but that Obama definitely has me reaching for my wallet! As for Republicans, well their money is no good around these parts anyway.

Judy, Kansas City, MO   June 20th, 2008 4:03 pm ET

I could care less about how they fund their campaigns. As long as McCain wins, I don’t care how he gets his money.

LIN PA   June 20th, 2008 4:03 pm ET

Jack, People that have never given to a political candidate are giving 5 ,10, 25,dollars., whatever they can ,and in the end they can be proud that their small contributation help to get the first African American, elected President of the United States of America . This is the way it should be. I have given 10,dollars several times already and when I heard this I logged on and gave 25 dollar . I will continue to give whenever I can . I believe in Sen Obama .

Orval Perkins   June 20th, 2008 4:03 pm ET

Obama did not renig on any promises. You guys are the least informative news agency in the world. Just the least amount of research into what he acctually said, and you would know that he said IF his political rivals did so, then he would follow suit. McBush waited until forever to make a decision, which can only be construed as political gamesmanship, but only after Obama declared he would opt out of public financing did McInsane declare one way or the other. At any rate Obama would be an idiot to accept the small money. If he did he would not be worthy of anyones vote.

Jay   June 20th, 2008 4:03 pm ET

Personally, I don’t care how a candidate finances his/her campaign as long as it is above board and within the rules/laws

Lets face it, If I could get five fold from private donor, then why wouldn’t I opt out. Also, $85M probably will not go far in this day and age of media marketing costs especially when the networks know there is a high level of interest in politics this year.

BTW, isn’t this the capitalist way. In business, if you had the option of $85M from public Finance or ~$300M from private donors, which option do you think the business will choose

No McSame   June 20th, 2008 4:04 pm ET

McCain has also changed his mind on other issues as he tries to appease the far right and the maverick middle. Obama wants to win and he needs to introduce himself moreso than McCain; so I’ll say, he should do whatever it takes. But he should make sure we do get “Change” in Washington and if he lines his pockets with lobbyist moneys, that aint change!

smith, florida   June 20th, 2008 4:04 pm ET

Jack.
is just like taking your kids to missisipi river but wh