You know, back in the day it was the big, old, bad Republicans who raised all the money and were accused of buying all the elections they entered.

Well, this is not your Daddy’s Presidential Campaign. Republican John McCain is accepting public financing of $84 million to run his Presidential Campaign, while Democrat Barack Obama has declined public financing (after previously saying he would accept it). He has raised over $345 million dollars so far in his quest for the Presidency. The Obama campaign raised $52 million in June while the McCain camp raised “only” $22 million.

Let me think for a minute: Wasn’t the McCain-Feingold Campaign Financing Act (yes THAT McCain) supposed to slow down the power of money in political campaigns? Gee, how’s that working so far? The money raised this year will draft anything ever done in a Presidential race. In fact Senator Obama stands to raise and spend twice as much as the $250 million President Bush raised in the 2004 campaign.

I do not agree with public financing at all. I do believe that if you can convince people to part with their money in support of your candidacy than you should be permitted to raise whatever you want. What bothers me is the hypocrisy of how the Democrats have, for years, blamed the power of money in politics. I guess it’s what we call situational ethics?

This entry was posted on Monday, July 21st, 2008 at 8:08 am and is filed under Current Events. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.