POLITICS
04/17/2008 05:12 am ET Updated May 25, 2011

Barack Obama On Public Financing: We've Created A Parallel System

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....

"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.

Read more on ABC's Political Punch