(no subject)

[serene]

Barack announced an important decision for our campaign today.

I want to add a little context to the video message you received earlier announcing that we will not participate in the public financing system for the general election.

Even though we stood to receive more than $80 million in taxpayer funding for our campaign, the system has been so gamed and exploited by our opponents that it is effectively broken.

John McCain, the Republican National Committee, and their allies in so-called 527 groups that raise and spend unlimited contributions are dedicated to manipulating this broken system to raise as much money as possible -- and they've proven that they're very good at it.

A top McCain adviser told MSNBC earlier this month, "now that we're in the general election, the RNC money counts, the DNC money counts. So the truth is today, John McCain has more cash on hand and more money than Barack Obama does."

In April alone, they raised nearly $45 million. That's more than our campaign and the Democratic National Committee combined. And that doesn't include the plans of 527 groups like the one called "Freedom's Watch," which has said it will spend as much as $250 million under Karl Rove's direction to attack and defeat Barack Obama.

[...]

Opting out of public matching funds was an extremely difficult decision, and frankly we are at a disadvantage when it comes to raising money. Unlike John McCain, this campaign has never accepted donations from Washington lobbyists or special interest PACs.

While McCain has built his fundraising strategy around high-dollar donors giving huge checks to the RNC, you are creating a new model for publicly financed campaigns.

Thank you for your support and for taking on the masters of a broken system,



If you want to help me raise funds for Obama's campaign, funds from real folks who believe in the power of the grassroots, please go to my Obama fundraising page.

Thanks!

Comments

[micheinnz.livejournal.com]

Wow.

Just fuckin' wow.