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Obama Defends Public Funding Opt Out

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The Land of Lincolner doesn't back down to questions about his decision to reject federal financing during Jacksonville, Florida presser, reiterates the system is broken.

"My commitment to fixing the system remains, but in this campaign, it's my belief that what we've built is something that frees ourselves from special interests and allows us to run an effective campaign as well."

Says his decision "stands in contrast to Senator McCain's operations right now where he says he's in the system and yet a huge proportion of his money is raised from special interests, from lobbyists."

HALPERIN'S TAKE: The truth about why Obama opted out — and what it means.

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