Headline: Obama floated idea of capping general election donations.
"We need to separate money from political influence. It's an experiment in open source politics," Obama told a crowd of supporters in Silicon Valley. "One thing that I am considering, and my advisers might not like this: I may limit campaign contribution amounts per person to less than the federal limit in the general election."
In point of fact, Obama could opt out of the system and easily raise $150m from donors contributing no more than $150 a piece. There's been talk that he might cap donations, but I am told by a senior campaign official that Obama hasn't considered that idea.
He could argue that the collective action of 1,000,000 people voluntarily deciding to contribute money to his campaign is much more democratic than a government-imposed levy on the taxpayer
Scary for John McCain to think that the number is up to 1,500,000 people now....
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