Obama Erred in Not Taking the Government Campaign Subsidy

Even a blind squirrel finds an acorn now and then. In earlier diaries and comments, I argued that Senator Obama would probably take public financing in the general election; when he did not, I argued that his decision would not, as many feared, place Senator McCain at a huge financial disadvantage. Now others are realizing that Obama’s decision to forego the government earmark in favor of private funding may not work out that well.

But it’s a bittersweet “I told ya’ so.” After all, in a better political world, there would be no government financing of campaigns, let alone Republican candidates relying on the taxpayer to pay for the campaign.