Obama is the biggest threat to Public Financing SystemJune 20th, 2008 - 4:51 pm ICT by David M N James
Senator Barrack Obama is committing political suicide by proposing the impossible.
Obama has made it known that he will kill the public financing system which was created in the wake of the Watergate crisis; it was viewed as an imperfect way to rid politics of the excesses of special-interest money.
Obama will become the first presidential candidate to forgo public money; the system is facing the most critical threat to its survival. Candidates over the years have accepted these limitations; large sums of special-interest money have continued to enter politics through inventive loopholes used by major contributors to get around the law’s restrictions. Obama’s decision is certainly to shatter the system.
“Obama’s decision will close to it,” said Anthony J. Corrado Jr., a campaign finance expert and professor of government at Colby College. Pundits have shown that the senator has lost ground over these suppositions slightly. If he continues to make these radical and suicidal decisions, he will certainly begin to loose face. Pundits say.