Presidential campaigns expected to reject public funds

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“Aides and leading donors to Mitt Romney are preparing a major expansion of the campaign’s fund-raising efforts to prepare for a general election contest against President Obama, with the goal of raising up to $600 million,” the New York Times reports.

Meanwhile, Obama is expected to exceed the $750 million he raised in 2008 and super PACs for both sides will provide several hundred million dollars more in campaign ads.

“Those goals make it virtually certain that neither party’s nominee will accept public funds for the general election or the spending limits that come with them — the likely death knell for a cornerstone of the post-Watergate campaign finance reforms intended to limit the influence of money in federal elections.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.