Frederic : lies again in your classroom!!!

President Obama didn't refuse the public financing funds..... In fact, President Obama's decision to opt out of the public-financing system was met with a firestorm of negative response, and not just from Republicans. So what does all this money talk really mean? By refusing federal money, President Obama avoided the strict spending limits imposed on publicly funded candidates. Since the 1970s, the government has offered all major-party presidential candidates taxpayer money for their campaigns.In return, the candidates must agree not to seek or spend private donations to cover campaign expenses. Moreover, they must agree to state expenditure limits, based on the number of voters in each locality. The public campaign-financing system, instituted after the Watergate scandal surrounding Richard Nixon, is intended to make presidential elections less corrupt and politicians less beholden to individual donors.