But there is a chance that the obituaries for the public system may be premature. On Thursday, a spokesman for Mr. McCain said that he would take up Mr. Obama on a proposal for an accord between the two major party nominees to rely just on public financing for the general election.
Such a pact would eliminate any financial edge one candidate might have and limit each campaign to $85 million for the general election. The two candidates would have to return any private donations that they had raised for that period.
Mr. Obama laid out his proposal last month to the Federal Election Commission, seeking an opinion on its legality. The commissioners formally approved it on Thursday.
The manager of Mr. McCain’s campaign, Terry Nelson, said he welcomed the decision.
“Should John McCain win the Republican nomination, we will agree to accept public financing in the general election, if the Democratic nominee agrees to do the same,” Mr. Nelson said.
A spokesman for Mr. Obama, Bill Burton, said, “We hope that each of the Republican candidates pledges to do the same.”
Mr. Burton added that if nominated Mr. Obama would “aggressively pursue an agreement” with whoever was his opponent.
I am afraid the Illinois Senator is not trustworthy and will change from his promises when it suits him most. Shouldn't we all be concerned about that?
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