Barack Obama made the wrong call when he decided to opt out of the public financing system. Broder has it right. Aside from the immediate and short-lived hit he is taking in terms of “flip-flopping” or “breaking his promise” etc., he opted out of 85 million dollars, fundamentally, because he believes he can raise far more than that amount from his vast army of supporters, and from Hillary’s vast army of supporters. [Read more →]

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