The New York Times has been a bit obsessed this campaign cycle with all the big-money checks going to groups backing Mitt Romney for president, or to support conservative causes. Since the Supreme Court's decision in the Citizens United case, the political left has railed against the decision, which in their collective minds has meant that rich corporations, and/or their super-rich executives, might be able to buy the election this year for the Republicans.
Of course, in 2008, the left seemed little bothered that the Democratic Party's presidential candidate Barack Obama became the first presidential candidate of a major party to refuse to accept federal funding for the general election. Obama was running against John McCain, the co-author of the McCain-Feingold campaign finance laws, a candidate who was certain to take the federal money, and its associated limits of $75 million in direct spending, for the general election. After all, limits on campaign spending were an article of faith for McCain. Knowing this about McCain, and aware of the excitement and enthusiasm his own campaign was generating, Obama knew that by opting out of the federal campaign financing system, he could raise and then spend multiples of the $75 million McCain had to spend in the two-month general election period.
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Articles: Campaign Cash from Jews Is Bad Only if It Goes to Republicans
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