Public financing: a 20th century tool for running for President in 2008

This New York Times piece on Obama's 50-state strategy explains why public financing -- the way its constructed and (under)funded today -- won't work.

Nut graf:

“To have these enormous resources [without the limitations of public financing] just gives you so many strategic options,” said Tad Devine, a senior strategist for Mr. Kerry’s 2004 campaign. “If John Kerry had these resources and had stayed outside the system of public funding, I believe he’d be president today.”