Early Obama Promise on Money Becomes Target

[DeepModem Mom]

NYT: Early Obama Promise on Money Becomes Target
By DAVID D. KIRKPATRICK and JEFF ZELENY
Published: February 28, 2008

Just 12 months ago, Senator Barack Obama presented himself as an idealistic upstart taking on the Democratic fund-raising juggernaut behind Senator Hillary Rodham Clinton.

That was when Mr. Obama proposed a novel challenge aimed at limiting the corrupting influence of money on the race: If he won the nomination, he would limit himself to spending only the $85 million available in public financing between the convention and Election Day as long as his Republican opponent did the same.

Now his challenge to his rivals has boomeranged into a test of Mr. Obama’s own ability to balance principle and politics in a very different context. After taking in $100 million in donations, Mr. Obama is the one setting fund-raising records, presenting a powerful temptation to find a way out of his own proposal so that he might outspend his Republican opponent. And the all-but-certain Republican nominee, Senator John McCain, is short on cash and eager to take up the fund-raising truce.

Mr. Obama was notably noncommittal about his previous proposal in Tuesday’s Democratic debate, indicating that he would add new conditions, especially on spending by independent groups, to his previous pledges to accept the deal. If nominated, “I will sit down with John McCain and make sure that we have a system that is fair to both sides,” Mr. Obama said, alluding to the need to close “loopholes.”

Campaign finance experts said the issue was a major test of Mr. Obama’s commitment. It is also a first glimpse of what might come in a general election fight between two candidates who have championed public integrity, opening themselves to accusations of hypocrisy....

http://www.nytimes.com/2008/02/28/us/politics/28obama.html?ref=todayspaper

[AtomicKitten]

1. That "promise" was an "X" box checked on a questionnaire.

He has said he's more than willing to hammer out an agreement with the GOP nominee if and when he becomes the Dem nominee. I think that is reasonable and fair and appropriate.

[KittyWampus]

2. over a million small donations from individuals IS Public Financing. Can McCain Stop

Freedom Watch from spending millions as a rabid GOP 527?

Then maybe Obama will make a deal with him.

[CalGator]

3. where's the target?

That was when Mr. Obama proposed a novel challenge aimed at limiting the corrupting influence of money on the race: If he won the nomination, he would limit himself to spending only the $85 million available in public financing between the convention and Election Day as long as his Republican opponent did the same.

Isn't McCain trying to avoid public financing? Barack said in the last debate that he and McCain would agree to the finance terms should they both be the nominees.

[ORDem]

4. Here's what Obama really said about public financing of the GE.

So, everyone just needs to get over it wrt his promise. His position hasn't changed. Anyone would be a fool to accept public financing just because the GOP says it will do the same. We know those Goopers will use every loophole at their disposal.

September 2007. Obama answers to a questionnaire sent to the various political campaigns in September 2007 by the Midwest Democracy Network, which is attempting to push finance reform, stating:

“In February 2007, I proposed a novel way to preserve the strength of the public financing system in the 2008 election. My plan requires both major party candidates to agree on a fundraising truce, return excess money from donors, and stay within the public financing system for the general election. My proposal followed announcements by some presidential candidates that they would forgo public financing so they could raise unlimited funds in the general election. The Federal Election Commission ruled the proposal legal, and Senator John McCain (R-AZ) has already pledged to accept this fundraising pledge. If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election.”

February 20, 2008. Obama reiterated exactly this position in a letter to USA Today in responses to charges that he was flip flopping:

“In 2007, shortly after I became a candidate for president, I asked the Federal Election Commission to clear any regulatory obstacles to a publicly funded general election in 2008 with real spending limits. The commission did that. But this cannot happen without the agreement of the parties' eventual nominees. As I have said, I will aggressively pursue such an agreement if I am my party's nominee.

I do not expect that a workable, effective agreement will be reached overnight. The campaign-finance laws are complex, and filled with loopholes that can render meaningless any agreement that is not solidly constructed.

As USA TODAY has critically observed, outside groups have come to spend tens of millions of dollars "independently," while the candidates they favor with these ads "wink and nod" at this activity. There is an even greater risk of this runaway, sham independent spending now that the Supreme Court has wrongly opened the door to more of it in a recent decision.

I propose a meaningful agreement in good faith that results in real spending limits. The candidates will have to commit to discouraging cheating by their supporters; to refusing fundraising help to outside groups; and to limiting their own parties to legal forms of involvement. And the agreement may have to address the amounts that Senator McCain, the presumptive nominee of his party, will spend for the general election while the Democratic primary contest continues.

In l996, an agreement on spending limits was reached by Sen. John Kerry and Gov. William Weld in their Massachusetts Senate contest. They agreed to limits on overall and personal spending and on a mechanism to account for outside spending. The agreement did not accomplish all these candidates hoped, but they believe that it made a substantial difference in controlling outside groups as well as their own spending.

We can have such an agreement this year, and it could hold up. I am committed to seeking such an agreement if that commitment is matched by Senator McCain. When the time comes, we will talk and our commitment will be tested.

I will pass that test, and I hope that the Republican nominee passes his.”