February 15th, 2008
07:30 PM ET
12 years ago

McCain challenges Obama to keep his word on public financing

Sen. McCain challenged his Senate colleague to take public financing.

Sen. McCain challenged his Senate colleague to take public financing.

OSHKOSH, Wisconsin (CNN) – Nearly a year after Barack Obama called on all of his potential general election foes to sign on to a public financing pact, likely GOP nominee John McCain accused the Illinois senator of having a change of heart sparked by his massive fundraising haul.

“It was very clear to me that Sen. Obama had agreed to having public financing of the general election campaign if I did the same thing,” said McCain at a Wisconsin campaign stop Friday. “I made the commitment to the American people that if I were the nominee of my party I would go the route of public financing, I expect Sen. Obama to keep his word to the American people as well.”

Under the agreement, both men would have to forgo private donations entirely in favor of a publicly-funded campaign.

At this point, McCain stands to gain the most from a public financing pledge – Obama has raised nearly three times as much in general election funds. Under the guidelines, both men would be required to return any money they had raised for that contest.

On Friday, Obama seemed to avoid committing to the agreement. "It would be presumptuous of me to start saying now that I'm locking myself into something when I don't even know if the other side is going to agree to it."

Last year, both Obama and his campaign promised to “aggressively pursue” such an agreement with their Republican counterpart. No major party candidate has opted out of the public financing system for the general election since it was created more than three decades ago.

McCain had decided to accept public financing of his primary season campaign last summer – but eventually opted out of the system before accepting funds because it would have limited the amount he would be allowed to spend to $54 million until the Republican Party’s nominating convention this summer.

That scenario promised to seriously handicap his effort if he were to become his party’s nominee and face a well-funded opponent with no spending limits.

–CNN’s Tasha Diakides, Chris Welch and Rebecca Sinderbrand

Filed under: Candidate Barack Obama • John McCain
soundoff (204 Responses)
  1. FiredUP

    It doesn't Matter. Obama will beat McCain with one hand tied behind his back and a rusty nickel in his other.

    Obama/Edwards 08

    February 15, 2008 10:21 pm at 10:21 pm |
  2. Raj Srinivasan

    I agree. Keep your promise Obama. I do think McCain winning the election would be horrible, but you can't backtrack on a pledge.

    February 15, 2008 10:22 pm at 10:22 pm |
  3. Mike K

    Lot of Americans like to have Obama being their president so He can feed them all his poems and live on their dream with this stupid economy

    February 15, 2008 10:22 pm at 10:22 pm |
  4. Jack

    Obama, need to focus on Hillary Clinton. This race is not over, she is preparing for a long hard fight. It's possiable he could lose this race.

    February 15, 2008 10:36 pm at 10:36 pm |
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