Monday, July 7, 2008

Obama: Follow the Money

Supposedly, Barak Obama decided to forego public campaign funding due to a deficit and an unwillingness to be pressured by the evil forces of PAC's. So how do you explain this?

"...Obama said he now eschews public financing because the devil (McCain and the GOP) made him do it; Obama supposedly is at a disadvantage because they are "fueled by contributions from Washington lobbyists and special-interest PACs." To which replied: "We find that to be a large exaggeration and a lame excuse. In fact, donations from PACs and lobbyists make up less than 1.7 percent of McCain's total receipts, and they account for only about 1.1 percent of the [Republican National Committee's] receipts." Here's a final word from FactCheck: "[T]he Democratic National Committee has historically been far more reliant on PAC and lobbyist money than the RNC. In 2004, PACs provided about 10 percent of the DNC's total fundraising and only about 1 percent of the RNC's total. Obama, after he sewed up enough delegates to win the party's nomination, sent word to the DNC to stop accepting PAC and lobbyist donations...."

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