"President Barack Obama eschewed public funds when he was running for president, but the White House opposed the bill. A White House statement said the legislation would expand the power of special interests in elections and "force many candidates into an endless cycle of fundraising at the expense of engagement with voters in the issues.""
What has the President been doing for the last year? He seems to me that he has been "into an endless cycle of fundraising at the expense of engagement with voters".