'We should have a system where in fact the government subsidizes getting the message out,' IAC Chairman Barry Diller said.
But candidates generally have to agree to certain restrictions, such as spending limits, which is why Obama said he opted against taking public money.
Lamenting the influence of money in politics, Diller said elected officials shouldn't have to spend significant portions of time fundraising. He also called the current political advertising landscape a "circus." "The idea that you have money in politics is simply crackpot," Diller said, arguing it has "very, very, very bad consequences.". Since 2006, Diller has contributed more than $1 million to various campaigns and organizations such as state Democratic parties, FEC records show.
Last year, he made $2,800 donations to the Democratic presidential campaigns of former South Bend, Indiana, Mayor
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