N.Y.C. Watchdog on Obama's Decision: 'Unfortunate but Understandable'

Barack Obama’s decision to opt out of the public campaign finance program is "unfortunate but understandable," says Dick Dadey, executive director of the good-government organization Citizens Union.

When asked for comment, Dadey emailed:

It is unfortunate but understandable.

The federal campaign finance system hasn’t kept up with the times and the changed nature of what it now takes to run a national campaign for president.

Federal funds no longer provide enough money or incentive to participate, particularly given the huge presence in the race for president of independent expenditure campaigns aimed at attacking the nominees.

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