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Change Essential as Dollars Drive Election Returns

Submitted by Burney Simpson on Thu, 11/06/2008 - 20:02

This week’s events proved once again that money wins elections, according to a report from the Center for Responsive Politics today. For example, President-elect Barack Obama had a “nearly two-to-one monetary advantage over John McCain,” according to the nonpartisan research group.  In addition, “in 93 percent of House of Representatives races and 94 percent of Senate races that had been decided by mid-day Nov. 5, the candidate who spent the most money ended up winning,” CRP found using candidates' spending filings through Oct. 15.   It becomes clearer with every election that our money-driven system must be changed. Public Campaign offered its congratulations to Obama, released a background document on his support for the Fair Elections Now Act, and issued the following statement on behalf of Nick Nyhart, President and CEO, and David Donnelly, National Campaigns Director:  "We congratulate President-Elect Barack Obama on an historic, barrier-breaking victory last night. The way you won this campaign by mobilizing millions of Americans to fight for real change in Washington inspires the best of what this country has to offer. "We look forward to working with you, your administration, and the next Congress on creating campaign finance laws so that all elections may be more contests of ideas than of the ability to raise large contributions from vested interests. "With the great challenges facing this nation, Americans should believe that our elected officials are working for all of us, not just those who can afford to write a big check or hire a lobbyist. We appreciate your long, steadfast support for comprehensive public financing of elections, from the time you served in the state legislature in Illinois to your co-sponsorship of the bipartisan Fair Elections Now Act during your tenure in the U.S. Senate."   To hear Obama in his own words on the bipartisan Fair Elections Now Act, visit http://www.youtube.com/watch?v=7gAn6I3-SYo.  

  • Barack Obama
  • Center for Responsive Politics
  • Fair Elections Now Act

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