Obama won’t accept public financing

[cal04]

Source: The Hill

Democratic presidential nominee Sen. Barack Obama (Ill.) announced Thursday morning that he will not accept public financing for the general election, calling the system broken.

Obama, who has shattered every fundraising record during the primary, said because Republicans accept money from lobbyists, and given the influence of outside 527 groups, he has decided not to accept the more than $84 million he would receive from public financing.

Obama made the announcement via web video that was sent out to his supporters and the media.

Republicans have foreshadowed their attacks on Obama’s decision, and they will likely seize on that decision to call the Illinois senator a hypocrite.


Read more: http://thehill.com/campaign-2008/obama-wont-accept-public-financing-2008-06-19.html