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McCain, Obama Spar Over Campaign Finance

Looks like the issue of public financing hasn't been settled after all.

Making this pledge was an enormous mistake for Obama, one that I always suspected he would come to regret. Aside from the short-term political implications, the only way we are going to get long-term campaign finance reform is if we can show that the current system is so thoroughly broken that it cannot be repaired. And what better way to do that than overwhelm it with money?

For the record, I'd love one day to get to the point where we have full public financing for all federal campaigns. But we're not going to get there piecemeal. Incrementalism just won't cut it here.