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In Super PAC reversal, Obama hopes to bring in more than spare change

The candidate who promised hope and change is showing that the more things change, the more they stay the same in presidential campaigns.

The one constant: Money.

President Barack Obama admitted last week he needed loads more of it from the very special interest-fueled Super PACs that he once decried.

So his campaign reversed course last week and essentially endorsed Priorities USA, a political committee empowered by the 2010 Supreme Court ruling that allowed the committees to raise and spend unlimited corporate dollars to help or hurt campaigns. Obama once lamented the ruling “gives the special interests and their lobbyists even more power in Washington.”

Republicans gleefully highlighted the high-minded quotes and compared them to a week’s worth of news reports over Obama’s about-face, a flap over an Obama-donor lobbyist from South Florida and campaign contributions from the family of a casino-magnate fugitive drug-bust bond-skipper in Mexico.

Aside from the actual details of the reversal, the fundraising stumbles helped Republicans press their argument that Obama over-promises and under-delivers.

Even Obama’s supporters — who boast about the benefits of the Affordable Care Act and Wall Street regulations — acknowledge Obama hasn’t fulfilled one core pledge to change the tone in Washington.

“I didn’t believe it could be done,” said Chris Korge, a veteran Miami power-broker and top Democratic fundraiser. “He actually believed it. I didn’t. That’s not the way it works. But he’s an idealist. Sometimes, though, reality sets in.”

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Read more here: http://www.miamiherald.com/2012/02/12/2637976/obamas-reversal-of-fortune.html#storylink=cpy

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