Though he opted out of the public campaign financing system in 2008 to run the most expensive presidential race in history, President Obama on Tuesday said he opposes House Republicans’ effort to do away with the system altogether.

Mr. Obama became the first candidate ever to opt completely out of the public-financing system, and he largely is credited with putting the final nail in the taxpayer-funded presidential campaign option. But in a statement of policy, Mr. Obama said he wants to see the system fixed, rather than follow Republicans who want to drop the system entirely.

“Its effect would be to expand the power of corporations and special interests in the Nation’s elections; to force many candidates into an endless cycle of fundraising at the expense of engagement with voters on the issues; and to place a premium on access to large donor or special interest support, narrowing the field of otherwise worthy candidates,” the White House said in a statement of policy...

Washington, DC (LifeNews.com) -- House Democratic leaders canceled a planned vote for today on the DISCLOSE Act, campaign finance legislation pro-life groups oppose because it would place stringent new limits on their ability to operate. They say the limits would curtail communications on legislation and politicians' voting records.

Struggling to unite conservative and liberal Democrats, House Speaker Nancy Pelosi and her top lieutenants canceled the vote

The problems came in response to exceptions top Democrats included in the bill targeted towards removing the objections the NRA had to the legislation...

House Democratic leaders scrapped Friday’s planned vote on campaign finance legislation as they struggled to unite liberals and Blue Dog Democrats on the measure.