The Spectacle Blog

Re: Obama Spending Advantage?

By on 9.16.08 | 12:01PM

Right, Jim. And here's the thing about McCain accepting public-financing: it's a lump-sum, no-strings-attached payment. As soon as the RNC ended, McCain collected a check for $84 million. Whereas actual fundraising -- the kind Obama is doing -- always comes with an overhead cost. The gross revenue from tonight's Hollywood fundraiser might be a record $9 million, but the net revenue to Obama and the DNC will be substantially less.

For the record, I oppose public financing of political campaigns and never check the $1 contribution box on my tax forms. Let the scoundrels fend for themselves, I say.

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