Jim Messina, Obama campaign manager:
But this cycle, our campaign has to face the reality of the law as it currently stands.
Over the last few months, Super PACs affiliated with Republican presidential candidates have spent more than $40 million on television and radio, almost all of it for negative ads.
Last week, filings showed that the Super PAC affiliated with Mitt Romney’s campaign raised $30 million in 2011 from fewer than 200 contributors, most of them from the financial sector. Governor Romney personally helped raise money for this group, which is run by some of his closest allies.
Meanwhile, other Super PACs established for the sole purpose of defeating the President—along with “nonprofits” that also aren’t required to disclose the sources of their funding—have raised more than $50 million. In the aggregate, these groups are expected to spend half a billion dollars, above and beyond what the Republican nominee and party are expected to commit to try to defeat the President.
With so much at stake, we can’t allow for two sets of rules in this election whereby the Republican nominee is the beneficiary of unlimited spending and Democrats unilaterally disarm.
Therefore, the campaign has decided to do what we can, consistent with the law, to support Priorities USA in its effort to counter the weight of the GOP Super PAC. We will do so only in the knowledge and with the expectation that all of its donations will be fully disclosed as required by law to the Federal Election Commission.
Gee wow, didn’t see this one coming. Here’s an article from four years ago:
McCain attacks Obama for opting out of public financing
Sen. John McCain on Thursday accused Sen. Barack Obama of breaking a promise when the Democrat decided to forgo public financing in this fall’s campaign.
Obama told supporters in an e-mail message Thursday that he would not accept about $85 million in public funds when he becomes the Democratic presidential nominee.
In the e-mail, Obama said the public campaign financing system allowed “special interests [to] drown out the voices of the American people” and asked his supporters to “declare our independence from a broken system.”
Poor Obama, he wants to do the right thing but his opponents won’t let him. This is the same Obama who wants to raise a billion dollars (that’s BILLION with a “B”) for his campaign even though he has no primary challenger.
Speaking of which, Obama heavily outspent Hillary in the 2008 primaries too, but I’m sure that was somehow that was her fault as well.
As for special interests, Obama donors have seen a nice return on investment since he took office, haven’t they?
This was the best part:
” . . . all of its donations will be fully disclosed as required by law to the Federal Election Commission.”
That means they won’t disclose anything they don’t HAVE to, like the names of those small (under $200) online donors in 2008.