At least, that’s what the media is talking about recently.  Seems that if he wins the Democratic nomination he will, like McCain, be eligible for 84 million dollars in campaign financing.

Why would he turn down that kind of money?  If you look at the track record his campaign has has in raising money you see that he’s been coming up with some monstrous amounts of cash but there’s more to it than just that.  You see, if he takes that government money, he has to agree not to raise OR SPEND any money beyond that.

Thing is, if his ability to raise money continues, he could actually end up being able to raise and use a lot more than that 84 million dollars… but only if he isn’t bound by taking the money from the government.  This would give him an immense financial advantage *IF* he is still able to raise money by the truckload the way he has been doing.

On the other hand, I don’t suppose it’s going to matter all that much in the end.  Aside from the fact that if he does decline this money that’s 84 million dollars of public money that doesn’t get wasted on political campaigning, there is still the simple fact that he doesn’t have the experience to do the job.  McCain has his faults (never heard of a politician that didn’t!) but something he does have that the job calls for is some high level experience that Obama just doesn’t have.

Technorati Tags: campaign, campaign+financing, democratic+nomination, fund+raising, mccain, obama, Politics, presidential+campaign, public+money, raising+money

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