Barack Obama Forgoes Public Financing for Presidential Campaign

Democratic presidential candidate Barack Obama has said he will not accept public financing for his campaign, electing instead to raise money through private financing.

Obama’s decision to forgo the more than $80 million in financing will likely result in an even larger pool of financing from private support. The Illinois senator has already shattered fundraising records during his bid to earn the Democratic nomination.

Obama and Republican presidential candidate John McCain had agreed to run their campaigns with public funding but Obama’s decision to opt out was made because, according to his campaign team, McCain was already using private financing.

Once a candidate accepts public funding they are no longer allowed to accept private financing.

For more Political News please go to:

http://news.yourfindit.com/NewsList.aspx?cat=5&wcat=2

About YourFindit

YourFindit Community is a social, music and business networking community. It caters to individuals providing them with a wealth of tools that enable them to create their own web site within YourFindit and display their content. Members can create free profiles that include an About Me, Background and Lifestyle, Videos, Music, Blogs, Photos, their unique URL and network with other members inside the community. YourFindit provides each member the opportunity to reserve an exclusive profile displaying only ads they upload on their pages. Members have the right to sell their ad space to advertisers.

To create your YourFindit profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.

YourFindit profile where Your space is really Your Space

Join the brand-new social networking community, YourFindit, and create your profile