lillibet: (Default)
[personal profile] lillibet
I've found myself thinking a lot about Obama's decision to opt out of public financing for the general election. My reactions are fairly complex and ambivalent.

• I think it's definitely the smart thing to do and will undoubtedly help him to win, which I want to happen.
• His description of the public financing system as "broken" seems pretty accurate to me. Certainly the FEC is pretty much non-functional these days and entirely unable to enforce the rules, or McCain would not be able to cheat in the ways that he is. And I'd certainly rather have him simply opt out than game the system like they usually do.
• Obama seems to be trying to discourage 527s from raising money and working to defeat McCain, which I think is probably laudable, and focuses his fund-raising on small donations, which is great.
• I don't have any problem with Obama breaking a promise, as this decision is being characterized by many. Politicians should be flexible and adapt to changing circumstances. Allowing themselves to be bound by foolish promises is not what I want in a leader and people should not base their votes on campaign promises. His lack of idealism is actually encouraging to me--I feared he was too naive for the job.
• I find it fairly amusing watching the GOP whining about the Dems being able to raise more money than they can. They certainly didn't waste any tears for us when the situation was reversed.
• I like the idea of public financing, of all the candidates playing on a level monetary field.
• I don't like the idea of whoever can get the most money winning. I am not that big a fan of the market, I didn't like it when it was the GOP winning and I don't like it now.

Anyone have other points to add, or compelling arguments as to why this is a simpler good than I can see?

Date: 2008-06-22 08:00 pm (UTC)
sethg: picture of me with a fedora and a "PRESS: Daily Planet" card in the hat band (Default)
From: [personal profile] sethg
The other loophole, aside from 527s, is party committees. You can only give up to $2,300 per election to a Presidential candidate, but you can give up to $28,500 per year to a national party committee and up to $10,000 per year to sub-national comittees.

So McCain set up a joint fund to which you can donate up to $70,000--the first $2,300 goes to the McCain campaign, the next $28,500 goes to the RNC, and everything else gets split up among the state Republican committees for Wisconsin, Minnesota, Colorado, and New Mexico. I don't think the party committees can use those funds directly to support McCain or oppose Obama, but they certainly can use it to run advertisements telling the voters how much Democrats suck.

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