EON

Washington (EON) - Former Senator and presidential hopeful John Edwards has announced that he would accept public financing for the Democratic primaries.

This goes against what he originally stated as in the past Edwards stated he would raise and spend money without having to worry about the limits of the public financing system.

Edwards stated that the decision was not because he was running short on money for his campaign. Instead he stated that he made his decision to accept public financing to be distinct and different from his fivals Hillary Clinton and Barack Obama.

He made the announced just a couple of days before the end of the third quarter fund-raising period.

This is likely going to lead to a 2008 Presidential race which will have some candidates throwing money around left and right while others have to follow spending limits from public financing.

Senator John McCain is also expected to accept public financing for his campaign due to a shortage of fund-raising funds.

Edwards stated “Washington is awash with money, and the system is corrupt. I don’t think anybody anticipated the amount of money that would be raised.” He stated that he felt obligated to “step up” on the issue.