Matching the President’s Campaign Cash
When President Obama broke his pledge to accept public financing, he destroyed John McCain’s competitiveness as the Arizona senator kept to the caps and took the public funding, and was vastly outspent.
At the same time that the president was destroying the public financing of presidential elections, he was profoundly influencing the race for the next GOP nominee, which must by necessity find and elevate a candidate who can raise more than the billion the president will surely raise again.
The Wall Street Journal reports this morning that Mitt Romney is about proving that he can do this, and the “money primary” may knock one or two candidates from the top tier unless they can keep up with the former Massachusetts governor. The GOP nominee simply has to be able to match the unions, the trial lawyers and the left’s massive cash machine, or the race to reverse the country’s decline in November 2012 will be over before it begins.