Back in 2008, Barack Obama decided to forego federal financing so he could raise more money (than the feds offered) — and outspend Mr. McCain he did. Guess by White House adviser David Plouffe’s reckoning, Barack Obama “purchased” the White House four years ago.
UPDATE: Commenting on a panicked fundraising e-mail he received from the Obama campaign, John Hindeaker reminds us that in 2008 Obama raised “far more money” than any presidential candidate in history . . .
. . . and became the first major-party nominee to forgo federal funding [since Congress adopted that program]. In the climactic weeks of the campaign, he outspent John McCain five to one. He boasted that this year, he would do even better, promising to raise $1 billion for his re-election campaign. However, now that he has met his match, Obama has the temerity to suggest that “massive spending” is a threat to democracy.