"Obama Prepares Argument to Discard Public-Financing Principle"

Jake Tapper (ABC News):

Despite his previous pledge to enter into the public financing system should he be the Democratic presidential nominee,* Sen. Barack Obama, D-Ill., has recently been reluctant to re-commit to entering the system.

This reluctance has coincided with his primary, caucus, and fundraising successes. For that reluctance, Obama has been hammered as hypocritical by Sen. John McCain, R-Ariz., not to mention impartial observers.

Tonight at a fundraiser in Washington, D.C., at the National Museum of Women in the Arts -- at a $2,300-per-person event for 200 people held before a $1,000-per-person reception for 350 people -- Obama previewed his argument to justify this possible future discarding of a principle.

"We have created a parallel public financing system where the American people decide if they want to support a campaign they can get on the Internet and finance it, and they will have as much access and influence over the course and direction of our campaign that has traditionally been reserved for the wealthy and the powerful," Obama said.

Do you buy it?

Howie P.S.: Unsurprisingly, I do.

Barack Obama