“Swept away by a tide of dollars; Campaigns find they can’t afford to take public financing”

The Milwaukee Journal-Sentinel offers this report, which begins: “The 2008 campaign begins this winter amid the ruins of the presidential public finance system, which for 30 years has offered candidates public money if they agree to limit their own spending. Some are mourning the system’s demise and trying to bring it back to life. Some are not. But there’s little dispute that the system no longer works the way it was meant to, since candidates have less and less incentive to participate.”

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