Huckabee wants new campaign finance system

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Republican presidential hopefuls former Massachusetts Gov. Mitt Romney and former New York City Mayor Rudy Giuliani talk to each other after the GOP Presidential candidates debate at Ford Community and Performing Arts Center Tuesday, Oct. 9, 2007, in Dearborn, Mich.
(AP Photo/Carlos Osorio)
Mike Huckabee (R)
Former Governor, AR
Born: 08/24/1955
Birthplace: Hope, AR
Home: Little Rock, AR
Religion: Baptist
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RINDGE, N.H. - Republican presidential hopeful Mike Huckabee says the way campaigns are financed is creating a nation with a ruling class and a servant class.

Speaking to a Rotary Club Thursday morning, the former Arkansas governor said the campaign finance law co-authored by one of his rivals, Sen. John McCain has deformed, rather than reformed, the system because members of Congress can transfer money between campaigns, and wealthy candidates can spend as much as they want on themselves.

Huckabee said he'd rather see a system where candidates could accept unlimited money from all sources, but would have to publicly disclose every penny within 24 hours.

Huckabee's campaign took in $1 million in the last fundraising quarter, his best so far, but he still lags far behind the frontrunners, who brought in 10 times as much.