Obama opts out of Public Financing.

For the first time since 1976, a major party US Presidential candidate is opting out of Public Financing for the general election. Using John McCain’s candidacy as the example of how the current public financing system is broken, Obama said

If we don’t stand together, the broken system we have now, a system where special interests drown out the voices of the American people will continue to erode our politics and prevent the possibility of real change.

McCain’s campaign is beholden to Washington Lobbyists like his economic advisor, Phil Gramm, and special interest PACs.

Obama’s decision is nothing short of refreshing, especially since the last 7 1/2 years have been driven by special interests and greed.

Greed and oil lust have driven the current administration. I am convinced that Bush’s cronies have been deliberately manipulating the price of oil, raising the cost at the pump, just so he can railroad through the ban on offshore drilling. Bush faces opposition in Congress, but he really hopes to leverage the soaring pump prices to get Congress to cave in before election day. And when they start drilling in the Artic National Wildlife Refuge, I wonder who will get the no-bid contract?

But Barack Obama is not afraid of the big bad guys on the other side. He presents genuinely alternative points of view and ways of doing things, and he does not back down from a fight. Funding will come from people like you and me rather than the likes of UBS. Yes, we can.

Crossposted at Journeys with Jood.