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.