Yesterday, McCain became the first candidate eligible to receive funding from the presidential public financing system, having applied to the Federal Elections Commission earlier in the month. He has not yet said whether he will accept the matching funds.
It could be a lifeline for his campaign and make the system once again functional in the primary. However, it is a tough call for McCain’s campaign since the system badly needs updating and he would be the sole candidate running accepting the spending limits in exchange for the federal funds.
The fact that the system is still being considered in the primary shows it’s not dead yet. However, it also highlights the real need to breathe new life into the system so that it can be an asset to more of the qualified candidates who could opt in and stay competitive. Read what must be done to improve it on White House for Sale.