Overall, I think this is a very good thing:
Obama to forgo public funds for election campaign. Reuters reports: "We've made the decision not to participate in the public financing system for the general election," Obama said in a video statement e-mailed to reporters.
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"It's not an easy decision, and especially because I support a robust system of public financing of elections," [Obama] said. "But the public financing of presidential elections as it exists today is broken and we face opponents who've become masters at gaming this broken system."
Obama said his rival McCain's campaign and the Republican National Committee were fueled by contributions from Washington lobbyists and special interest groups that can make unlimited donations.
Obama will outraise McCain in a heartbeat. Hell, I think that even the RNC's fundraising and those of their allied 527s and other players could be dwarfed. Thing is, as long as McCain is riding around in C-word's corporate jet and getting 527s to do the rat-fucking for him, why should Obama disarm himself? I also hope that maybe, just maybe, if Obama and the DNC, et al., vastly outraise McCain and the republicans, that finally a publicly funded campaign program could be adopted. After all, it won't be quite as fun for the republicans to continue the system as is when, in the end, they are the net losers.