Obama's funding decision makes history
(CNN) - Barack Obama will become the first major party presidential nominee to refuse general election public financing in the program’s history, since it first went into effect in the 1976 presidential election as part of a package of post-Watergate campaign finance reforms
Candidates who participate in the program receive a grant from the federal government (approximately $85 million per major party nominee) from which the candidate’s entire general election campaign must be financed. Participating candidates may not raise or spend money outside of this public funding grant.
In February 2007, Obama asked the Federal Election Commission whether federal rules allowed presidential candidates to begin raising money for the general election and then later return that money should the candidate decide later to participate in the general election public financing program. The FEC ruled unanimously in March 2007 that presidential candidates could essentially change their minds and accept general election public financing - provided that they return any money raised for the general election while following certain guidelines. Obama’s actions were seen as a desire on his part to preserve the public financing option, while still enabling him to protectively raise general election money.
The contribution limit that a donor may give to a presidential campaign is $2300 during the primaries (i.e. “pre-convention” period) and if the candidate does not accept general election public funding, another $2300 for the general election (i.e. “post-convention” period). Any of Obama’s donors who maxed out during the primaries may start over and donate up to another $2300 for the general.
Obama has already been raising money for the general election, as allowed by law. As of April 30, 2008, Obama had raised about $9.2 million specifically for use in the general election. This is not the “matching funds” program, which applies only during the primary season, not the general election. The two programs are completely different and are operated under different rules.
This Friday, June 20, is the filing deadline for the next round of monthly FEC campaign finance reports, which will detail fundraising and spending through May 31.
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Change we can beleive in and in McFlops words "my friend"
Just donated.
More and more it's looking like Barack just might be the real deal.
By denying public financing he is allowing people who actually want their money going to him to do so. McCain is just fine spending valuable taxpayers dollars to fund his greed machine.
"I think, therefore I am (Elitist)"
We're proud of you Obama! The American people (or at least those that actually have common sense) are with you 100%!
Wow !!! Obama decides to pay his own way with the help of his millions and growing supporters, and the winers say this is a bad thing? Confusing these are the same people who in there own minds are the only ones paying taxes and they foot the bill for everything...NOT. So if Mister Obama took the federal grant there would be complaints about that, interesting.
Let's say McCain agrees to do the same thing and the federal money be directed let's say into school lunch programs that will be scrapped shortly not just (the federal lunch programs) food price are out of reach of alot of schools budgets. So do they pay increasing fuel prices to transport kids and let the burden of providing lunch fall totally on the parents, and thus eliminating food service workers. And this crosses all racial and ethinic boundaries. Sad because McCain continues to flip-flop on basically everthing our saying around here is not when will he flip-flop but how many times per day. We have a pool going.
So let's stay focused on the issues...The kids and security should always be at the top of the list of things to do first. Petty people have petty minds.
Obama / Powell 08
He's making history alright..
If he's elected, he'll be the dumbest President we have ever had.
Brian Knoxville, TN STOP CRYING! YOU WERE THE ONE THAT WAS SO POSITIVE FOR YOUR CANDIDATE IN THE BEGINNING. NOW ALL YOU DO IS COMPLAIN AND BOO HOO. I AM GOING TO COLLECT YOUR ENTREES OVER THE NEXT 2 WEEKS JUST SO YOU CAN SEE HOW MUCH CRYING ALL OVER THE BLOG.
This is to show McCain how it done...
And NO TOM, NOT EVERYONE'S TAXES...
Let's keep on making history !!!
This is what and how you show support by sending money and voting.
18 million voters and they can't even give her $1.00 to help her out of the hole. What kind of support is that? All day they come on here and TRY to smear Obama with the same LIP service that they give Hillary. If you REALLY love her PUMA People and want to help her then send her your money and if you don't you are just full of HOT AIR. Show us how strong you are by wiping out her dept today. Now go vote McSame and shut your mouth.
OBAMA08 with or without you. You can take that to the BANK.
Yes we can Yes we will Yes we did
Obamanation '08...I like that....
Just gave more HONEST money to the Great One, and no I don't mean Triple H from WWE...
Now he is changing his position on free trade as well. It's enough to make your head spin.
Let the government's $80 million go to Iowa flood victims. We'll fund your campaing, Barack. And you'll be answerable to us – the little people!
I wish people would stop use all upper case when giving their comment. That means you are SHOUTING..Not necessary..everyone gets the message and it's rude.- to shout. I have also noticed that most of those who do this also misspell words.
Another instance of Obama saying one thing at one point during the campaign and then changing huis mind a couple of months later. Is this the way he intends to run the nation? Please, the man is a loose cannon and his wife is worse. I have been a democrat all of my life but I really cant stomach these two. I'll be sitting out the election in November. The choices we have really stink!
Yes. The best money can buy your way to the White House. The man has no shame. Watch him go. He will do and say anything, ANYTHING, I tell you, to buy his way into the Presidency. Shameful.
This is historic. I just donated on-line. Obama is sincerely about change. He talks the talk but also walks the walk. Here is to PEOPLE taking back our goverment.
Donate to Obama '08.
Then guard your small investment with your vote in November. That’s how its built from the ground up. We got your back BO.
His flip flop on not only this, but NAFTA, is extremely disgusting and goes against his 'change' rhetoric.
I don't like Barack. Change is a scary thing.
Obama may have better ideas than McCain, but he offers too much change. Let's stick to the bad policies that we know.
McCain 08!
All people do on here is hate! Get a grip republicans, I know it is hard seeing your chances of making that easy money slip away to someone who happens to be black. What your really saying is that oh now he is gonna bring his (black) people and they will get that money or contracts that was ment for you! Well let me tell ya, in President Obama's eye we are all his people (Black, White, Brown, & Yellow) Give it up the pot is almost fully melted, so welcome to the new America!!! Land of the FREE & Home of the Melting Pot!
When you idiots are done with your racism
tatics we will be here with open arms, cause
it looks like you idiots need a hug!
OBAMA 08
I'm glad my tax money isn't going to a campaign. I'm all for allocating that 85 million dollars to something more important. Education, anyone?
Obama is walking his talk!
Paul
Austin, Texas
Sorry. I'm not jumping on this bandwagon.
Barack will raise his money through public financing. People like me who are donating, are publicly financing his campaign. He will continue to work hard to win over more people like myself. McCain will take the 85 million dollar big government handout for doing nothing.