Obama's PAC decision highlights inaction on FEC

In 2008 when he reversed his commitment to using the public financing system, created in the aftermath of Watergate, Mr. Obama pledged to fix campaign funding laws if elected. But in the last three years, critics say the president has done nothing to seriously tackle the issue or any other related to campaign finance.

"Obama is not that much different than 20 to 30 years of politicians," said Meredith McGehee of the Campaign Legal Center. "His rhetoric on fixing the system was a lot hotter and he made that part of his public persona … but he has taken no significant action in the money and politics part of his reform agenda."