Obama officially rejects public financing funds

After a bit of waffling over the issue and some statements that Obama would accept public financing if his GOP opponent would, his campaign has now officially rejected public financing funds of about $84 million.

Video report from ABC News:

Another report from the Associated Press:

Bit of a reversal, yes indeed. I don’t think many will hold it against him unless McCain tries to make it a “flip-flopping” issue.

McCain will raise nowhere near the amount Obama will be able to rake in.