"If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election." --Barack Obama, September 2007
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President Obama officially kicked off Monday what experts say will be the nation's costliest White House battle, as he uses the power of incumbency to raise vast sums for his re-election campaign. Outside groups also plan to flex their new legal power to spend unlimited corporate and union money in the election, dramatically increasing the price tag of the 2012 race.
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At the same time, liberal groups say they'll capitalize on the Supreme Court's decision in Citizens United v. Federal Election Commission to raise large amounts to aid Obama. The ruling, denounced by Obama during his 2010 State of the Union Address, allows groups that operate independently from candidates' campaigns to spend unlimited amounts of corporate and union cash in ads.
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1 comment:
...not that the campaign finance rules halted obama before.
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