Barack Obama follows the lead of his main rivals and says goodbye to the chump change of public campaign financing and helloooooo to the big bucks of private donations...or does he? From NewsMax.com "Following the lead of his chief rivals, Sen. Barack Obama will not accept public campaign financing for either the Democratic presidential primaries or the general election if he's the nominee. The Illinois senator has decided to forego the public funds, said an official close to the Obama campaign, who spoke on condition of anonymity. The move allows him to raise and spend unlimited private money.
"Democratic Sen. Barack Obama is asking whether he can take money from donors who want him to be president, then give it back later.
The Federal Election Commission said Wednesday that it will look into the novel question.
Obama is indicating that he wants to at least keep the option of using the public financing system for his presidential campaign if he becomes the Democratic nominee. To do so, the Illinois senator could not spend any money from contributors for political purposes, but instead use federal funding that is expected to total about $85 million for next year's general election.
"Senator Obama has long been a proponent of public financing of campaigns, and we are asking the FEC to take a step that could preserve the public financing option for the party's nominees," Obama spokesman Bill Burton said."
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