2012 election may be another teachable moment
According to an article written by Beth Fouhy, Associated Press titled Goodbye to federal funding for 2012 candidates “a cornerstone of U.S. politics since the 1970s, public funding of presidential campaigns may soon go the way of other relics of the era like long sideburns and lava lamps. Neither President Barack Obama nor any of the leading 2012 Republican contenders is expected to accept federal matching funds and the limits they impose. Obama's record-breaking fundraising in the 2008 campaign allowed him to abandon the public system in both the Democratic primaries and the general election. With his success as a benchmark, top-tier Republican candidates now are planning to go it alone. But the emergence of free-spending independent political groups — since the Supreme Court in 2009 cleared the way for unlimited corporate spending in campaigns — is expected to help close the imbalance between Obama and the GOP. Several of the Republicans also have immense personal we...