If you remember that election. You will also remember Watergate, the Plumbers, the Slush Funds, and the fact that in 1974 Congress passed amendments to the Act establishing a comprehensive system of regulation and enforcement, including public financing of presidential campaigns and creation of a central enforcement agency, the Federal Election Commission. A group that Sen. Obama now calls corrupt even though he didn't in the past.
With Obama's decision to forgo Federal money, he now can raise as much money as he wants from whomever he wants. A flip-flop from his earlier view that he would accept no money from lobbyists.
Hi, this is Barack Obama. I have an important announcement and I wanted all of you – the people who built this movement from the bottom-up – to hear it first. We’ve made the decision not to participate in the public-financing system for the general election. This means we’ll be forgoing more than $80 million in public funds during the final months of this election. It’s not an easy decision, and especially because I support a robust system of public financing of elections. But the public financing of presidential elections as it exists today is broken, and 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.
Actually John McCain is not accepting any funds from lobbyists and PACs. But Obama is. FactCheck.org put this out:
The Obama campaign already has raised $265 million through the end of April, more than two-and-a-half times as much as McCain has taken in. Figures for May are due out soon. The Obama campaign said on May 6 that it had surpassed 1.5 million individual donors, and it probably has many more than that by now. All of those primary donors are legally free to make new contributions to finance Obama's general election campaign, which officially commences after he becomes certified as the Democratic party's nominee at the convention at the end of August.Yet the lies become more obvious when Obama said:
From the very beginning of this campaign, I have asked my supporters to avoid that kind of unregulated activity and join us in building a new kind of politics – and you have. Instead of forcing us to rely on millions from Washington lobbyists and special interest PACs, you’ve fueled this campaign with donations of $5, $10, $20, whatever you can afford. And because you did, we’ve built a grassroots movement of over 1.5 million Americans. We’ve won the Democratic nomination by relying on ordinary people coming together to achieve extraordinary things.Come off of it Senator. I know a line of bull when I see it. There is no way you could raise a quarter of a billion, yes billion dollars on donations of $5, $10, or $20 a person. There aren't that many people in the US to do it. Do you really think that Americans are that stupid? Do the math. If 1.5 million Americans would have to each donate more than $20 per person for that number to be reached.
The real reason that Senator Obama wants to do away with Federal money is that he is scared that if he did raise money from big donors he would not be able to lie his way into the White House. He is afraid that the 527's that support John McCain's bid will reveal his true message to the American people and he won't be able to fake a response.
Obama is afraid that the American people are going to wake up and see him for what he is. A scheming, slimeball that is lying and cheating his way into the Presidency.