Obama says, “the public financing of presidential elections as it exists today is broken”
Obama shuns public campaign funds
Obama has said he will not take public financing, allowing him to raise unlimited private funds in his campaign for the US presidency.
His decision means he will forgo more than $80m (£40.5m) that would have been available for him to fight Republican John McCain for the White House. Candidates who accept public money cannot raise funds from private donors. Mr Obama set records raising money for his campaign for the Democratic nomination during the primary contests.
The decision reverses his earlier promise to use the federal public financing system if his Republican rival also did so.
Obama campaign will hold two fundraising events in China.
washington post blog
The candidate himself won’t be making an appearance. Instead, guests at the Bejing home of David Brooks, a Coca Cola executive there, will hear from two senior foreign policy fellows from the Brookings Institution who advise the Obama campaign, Ivo Daalder and Phil Gordon. If the June 17 appearance does not satisfy, American expatriates in China can hear the two foreign policy experts opine at an event on June 19 in Shanghai hosted by Ted Hornbein, an executive a Richco, a company that manufactures electronic components for cell phones and the like.
No rules prohibit fundraising abroad, so long as the donors are American citizens. And a number of the 2008 presidential contenders engaged in overseas fundraising during the past 16 months. McCain, for instance, held a March 20 luncheon at Spencer House — the neo-classical home built for an ancestor of Diana, the late Princess of Wales — “by kind permission of Lord Rothschild OM GBE and the Hon. Nathaniel Rothschild.”
But Obama appears to have collected the most funds from overseas, at least $1.6 million, according to Federal Election Commission records. (McCain raised $196,000 from donors living abroad, the records show.) While McCain’s contributions are centered largely in London, with a handful from Bermuda, the Obama funds have come from addresses as eclectic as Kabul, Dubai, Palermo, and Sydney.
Wild Thing’s comment……..
The promise of a liberal is worth as much as the promise of an islamist. I am really getting sick of hearing how everything is BROKEN from B. Hussein Obama.
I truly can’t stand this slime!
If the 31 Red States of America seceded from the 19 blue states of socialism WT, which COLOR would…. survive the longest in a post 9-11-01 world? “Che Che Che Che Change Chicago could be the socialists new BSS Capitol!” – Bull Sheviks 2009?
I thought there was a limit on how much they can receive-? Dubai sending money- makes ya wonder who–and why.
I wonder if Libya and North Korea are on Obama’s overseas fundraising list. He already has Gaza covered.
The only “change we can believe in” with Obama is him changing his mind.
I didn’t think it was possible to think any less of McCain. Now’s he hanging with the Rothschilds, and doing it in a house built for the inbred, pinky-finger danglers, the Spencer family.
The Spencers gave us Lady Diana, the gal who makes Brittany Spears seem like Madame Curie. , McCain will probably throw himself and a wreath on her grave before this is over.
Darth, good guestion. We would, I mean the red States,the let’s get it down right States.
Cheryl, I think there is. What I didn’t know was that they can get money from out of the country as long as it is from an American.
Tom, I wonder too. Yes he sure has Gaza covered like you said. They even put some of the terrorists in Gaza on the news on CNN in an interview as to why they were supporting Obama. sheesh It was awhile back but it was horrible.
Rhod, thank you! I am trying so hard I really am. I try not even to post about McCain hoping by doing that he will not say or do yet another thing that ticks me off.
But it just does not end.
Barack Hussein Obama denies being or having ever been a Muslim. However, according to Islam, he was born a Muslim due to his paternal Islamic roots. Regardless, Obama seems to have taken the spirit of Al-Takeyya (lying for Islam) as a core tactic in his quest to become President. He repeatedly lies himself as a core principle of the cult of Obamination.
Les, see what you said is how I understand it too. He was born a Muslim simple as that.
I have a gut feeling he will have another of his gaffe’s and say that. heh heh