Add this to the seemingly endless list of challenges awaiting the next president. Publicly financed campaigns, and with them the spirit of the other Watergate-era political reforms, need to be rescued. That will be the task for either the free-spending Sen. Barack Obama, or Sen. John McCain, running as quite possibly the last presidential nominee to take public funds.
Partisans and supporters of Sen. Obama are gratified and motivated, no doubt, by fundraising successes that keep shattering record after record. In September alone, he raised $150 million, bringing the accumulated total to $600 million. He can spend that, along with all he rakes in during October. So far …

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