Campaign Promises

Other/Miscellaneous -> Miscellaneous Promises -> Campaign Financing

ItemMiscellaneous Promises
Campaign FinancingGrade
MP-5 The Promise: "If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election."
When/Where: Midwest Democracy Network Presidential Candidate Questionnaire, dated 11/27/07.
Status:The amount of public financing for a candidate's campaign after nomination is established and limited by the Federal Election Commission (FEC) based on funds made available by the Department of the Treasury from contributions made by individuals on their tax return ($3 per person on CY2008 and CY2012 IRS Form 1040).

After winning his party's nomination on 08/27/08 for the 2008 general election, it became clear that Candidate Obama was doing extremely well with private funding from small donors, principally through the Internet. He reportedly received about $745M for the CY2008 campaign and $782M for the CY2012 campaign from private sources .

Based on his success in raising money through social media, Candidate Obama retreated/flip-flopped from pursuing public financing, did not "aggressively" engage with his opponent at the time on this issue, and shunned public campaign financing altogether. That funding would reportedly have been limited by the FEC to about $85M for each nominee.

This promise was not fulfilled.