Obama Don't Need No Stinking Public Monies

Barack Obama announced this morning that he will opt out of the public-financing system in the presidential election campaign. In a statement, he notes:

From the very beginning of this campaign, I have asked my supporters to avoid that kind of unregulated activity and join us in building a new kind of politics - and you have. Instead of forcing us to rely on millions from Washington lobbyists and special interest PACs, you've fueled this campaign with donations of $5, $10, $20, whatever you can afford. And because you did, we've built a grassroots movement of over 1.5 million Americans. We've won the Democratic nomination by relying on ordinary people coming together to achieve extraordinary things.