What's New
Candidates Fudge on Campaign Finance Reform
The latest numbers are in and the presidential candidates are surpassing all previous fundraising records. Senators Clinton and Obama have each raised and spent more than $100 million as of December 2007. Newly released reports show that Senator Clinton raised an additional $15 million and Senator Obama and additional $36 million in January alone.
Last year, Illinois PIRG, as a partner in the Midwest Democracy
Network, sent out questionnaires to the candidates asking if they would
participate in the Presidential Public Financing system in the general election
if their opponent agreed to also participate. Senator Obama responded yes.
Senator McCain has also agreed to participate. However, last week, in the wake
of his growing fundraising advantage, Senator Obama backpedaled on his
commitment. He is however a sponsor of the Senate bill to modernize the system.
Senator McCain, while agreeing to take public funds in the general election, has
refused to co-sponsor the Senate bill to modernize the system. The Presidential
public financing system has not been updated since it’s inception in the 1970s
and is woefully out of sync with the way in which campaigns are currently
run.


