Thursday, July 3, 2008

Campaign Funding - Broken System

A lot of noise has been made about Obama's decision to opt out of public financing. If you are wondering why Obama did it, have a look at this article.

The NRA (National Rifle Association) plans to spend more than $40 million running ads against Obama. To put that in perspective, that would be equal to about half the money that would be allowed under public financing. This is just one group. There will be many others and they can take large chunks of money from donors giving the wealthy unequal power in the election and, thus, defeating a key goal of the public funding system. When these groups can't be controlled, the public funding system is broken.


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