Big Ten Democrat, whom I greatly like and respect, says Barack Obama should opt out of public financing, and that he should do it now, while it is still early. Strategically, Big Tent is absolutely right. As he says, should Obama opt out now, while his opponent is Hillary Clinton, the corporate media won’t question it. Should he win the nomination, and only opt out once his opponent is John McCain, the corporate media will eviscerate him. The free pass they give him against Hillary Clinton, whom they have always despised, and cherish the thought of defeating, if not destroying, will not transfer to a runoff against St. Maverick; and it won’t matter that the Saint is utterly and completely full of shit. But I strongly disagree with the fundamental premise of Big Tent’s argument:
Unlike most good government types, I believe that until there is full public financing of political campaigns, the Democratic Party should NEVER give away an advantage when it has one.
If John McCain accepts public financing for his general election campaign, and the Democratic nominee does not, the Democratic Party will lose the moral high ground, and much credibility, on campaign finance reform. That McCain is a liar and a hypocrite won’t matter. What will matter is that the Democratic nominee will be opting out, while the Republican nominee won’t be. Many are saying we should not cede the financial lead, now that the internet and a cratering Republican Party have handed it to us, but accepting that argument would only prove that campaign finance reform was always about the politics of being financially behind, rather than about the principle of creating a politics of people. Big Tent’s ideal of full public financing will never come to be because campaign finance reform will be, effectively, dead.
As I’ve previously pointed out, John Edwards had less than half as much campaign money as did Hillary Clinton and Barack Obama; and the rest of the candidates had much much less. Similarly, it’s no coincidence that Obama’s emergence as the clear Democratic frontrunner came as he vastly outspent Clinton, after Super Tuesday; and as they court the increasingly important Superdelegates, he has given more than three times as much money as has Clinton to those Superdelegates who are elected officials. Forget debates, speeches, policy statements, and stands on the issues, the Democratic nomination is being determined by nothing other than money.