Remember how Barack Obama reneged on his promise to remain within the public-financing system in June?  Obama said at the time that his campaign raised money from the grassroots, so his organization actually did a better job of upholding the spirit of public financing, while conveniently absolving Obama from its spending limitations:

From the very beginning of this campaign, I have asked my supporters to avoid that kind of unregulated activity and join us in building a new kind of politics — and you have.  I’m asking you to try to do something that’s never been done before. Declare our independence from a broken system, and run the type of campaign that reflects the grassroots values that have already changed our politics and brought us this far.

How does Obama define “grassroots values”?  Judging by the price tags for the good seats at Invesco Field, it starts at $1,000 a pop:

Barack Obama’s big-money donors are being offered premier seats to his acceptance speech at Invesco Field at Mile High, according to information obtained by The Denver Post.

Top fundraisers for the “Obama Victory Fund” were offered club-level seats through the end of Monday for $1,000 apiece. Also, the biggest donors to the Democratic National Convention’s host committee and select VIPs are getting ultra-plush suites at Invesco.

The Obama campaign and its partners at the Democratic National Convention Committee have 8,300 club-level seats. If all were purchased, it could mean a cash infusion of $8.3 million.

That can be added to the million-dollar price tag the DNCC has put on the luxury suites at Invesco.  All in all, the acceptance speech delivered by Barack Obama is turning out to be a fundraising bonanza for a party looking to sell out to the kinds of contributors Obama publicly eschewed in June:

The term “grassroots” has certainly undergone an evolution this summer.

None of this would be objectionable had Obama just told his followers that public financing was a joke and that candidates should be free to raise and spend as they like.  Instead, Obama gave the nation a heavy dose of sanctimony over the value of public financing and grassroots support while reneging on his promise to live within the system he supported just a few months earlier.  Now he doubles that hypocrisy with a massive sell-out to the monied interests he slammed at the time.

Tags: Barack Obama