Mark Shields on Public Financing and Obama

If Mark Shields is after Obama...well this isn't good for him.

Shields, Brooks Discuss Obama's Fundraising Shift, McCain's Energy Proposal | Online NewsHour | June 20, 2008 | PBS

MARK SHIELDS, syndicated columnist: Judy, Barack Obama made history this week. He became the first presidential nominee since Richard Nixon in 1972 to state that his campaign will be funded totally by private donations with no limits on spending.

It was a flip-flop of epic proportions. It was one that he could not rationalize or justify. His video was unconvincing. He looked like someone who was being kept as a hostage somewhere he was so absolutely unconvincing in it. It could not have passed a polygraph test.

I mean, coming up with this bogus argument the Republicans have so much more money -- the Republicans don't have so much more money. He's raised three times as much as John McCain has.

He has every possible committee, except Republican National Committee, Democrats at the Senate level, congressional level have this lopsided edge over Republicans. They spent three times as much, did Democratic leaning 527s, in the last election as did Republicans.

So what Obama didn't admit was, up until February of this year, when he told Tim Russert that not only would he aggressively seek an agreement on public financing, that he personally would sit down with John McCain and work it out, then, all of a sudden, they realized that all these small contributions were coming in and he was going to have a financial advantage in the fall against the Republican, and they grabbed it.