Campaigns Will Almost Certainly Reject Public Funds

April 13, 2012

Campaigns Will Almost Certainly Reject Public Funds

"Aides and leading donors to Mitt Romney are preparing a major expansion of the campaign's fund-raising efforts to prepare for a general election contest against President Obama, with the goal of raising up to $600 million," the New York Times reports.

Meanwhile, Obama is expected to exceed the $750 million he raised in 2008 and super PACs for both sides will provide several hundred million dollars more in campaign ads.

"Those goals make it virtually certain that neither party's nominee will accept public funds for the general election or the spending limits that come with them -- the likely death knell for a cornerstone of the post-Watergate campaign finance reforms intended to limit the influence of money in federal elections."

Comments (View)

Latest Political Jobs:

jobs by

EMAIL NEWSLETTER

PARTNER STORIES

Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

PRAISE FOR POLITICAL WIRE

"There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them."

-- Chuck Todd, NBC News political director

"Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all."

-- Stuart Rothenberg, editor of the Rothenberg Political Report

"Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

-- Charlie Cook, editor of the Cook Political Report

"The big news, delicious tidbits, pearls of wisdom -- nicely packaged, constantly updated... What political junkie could ask for more?"

-- Larry Sabato, Center for Politics, University of Virginia

"Political Wire is a great, great site."

-- Joe Scarborough, host of MSNBC's Morning Joe

"If I were on the proverbial desert island and had only one web site to access, Political Wire would be it."

-- Dotty Lynch, CBS News political consultant

"Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don't want to kick."

-- Arianna Huffington, founder of The Huffington Post

"Political Wire is one of the absolute must-read sites in the blogosphere."

-- Glenn Reynolds, founder of Instapundit

"I rely on Taegan Goddard's Political Wire for straight, fair political news, he gets right to the point. It's an eagerly anticipated part of my news reading."

-- Craig Newmark, founder of Craigslist.

Taegan Goddard's Political Wire

April 13, 2012