Obama Becomes First Since Watergate To Reject Public Financing

June 20, 2008

Democratic presidential candidate Barack Obama has stated on Thursday that he will reject public financing of his campaign, becoming the first since Watergate to do so..Washington (ChattahBox) – Democratic presidential candidate Barack Obama has stated on Thursday that he will reject public financing of his campaign, becoming the first since Watergate to do so.

This goes against his previous belief that he supports public financing.

It appears that Obama believes he can go up against Republican presidential candidate John McCain without it, and intends to do so.

Obama put out a video message Thursday, telling his supporters that he would refuse the $84 million in public funds.

The funds were intended for use in the November general election.

He becomes the first to run for president and reject public financing since it was created following Watergate in the 1970s.


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