Public financing of campaigns.
June 23, 2008 6:39 AM Subscribe
Last week Obama eschewed the public financing system for the general election. It seems that many of the articles I am reading are saying that he is the "first major party candidate to reject public financing and its attendant spending limits." Do they mean in this election, or ever? If they mean "first-ever" (since public financing started) and public financing means a candidate can't raise private funds, then why is there always so much talk of candidates hosting various fund-raising events like $x,000-a-plate dinners? Are the publicly financed campaigns having their PACs raise money or what?