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Sen. Barack Obama Speaks at Campaign Event in Green Bay, Wisconsin

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But I am ready to reform our politics because I've done it before. I've spent my career taking on lobbyists and their money, and I've won. When I was a state Senator in Illinois, if you wanted a favor, there was actually a law that let you give campaign cash to politicians for their own personal use. In the State House, they called it business-as-usual. I called it legalized bribery, and while it didn't make me the most popular guy in Springfield, I put an end to it. I brought Democrats and Republicans together, and we passed the first ethics reform in twenty-five years.

When I got to Washington, Jack Abramoff and his lobbyist pals had engaged in some of the worst corruption since Watergate. I led the fight for reform in my party, and let me tell you - not everyone in my party was too happy about it. When I proposed forcing lobbyists to disclose who they're raising money from and who in Congress they're funneling it to, I had a few choice words directed my way on the floor of the Senate. But we got it done, and we banned gifts from lobbyists, and discounted rides on their corporate jets. And I'm the only candidate in this race who can say that Washington lobbyists do not fund my campaign, you do - with donations of $100, and $10, and $5.

I also joined with one of the most conservative Republicans in Congress to end the abuse that allowed no-bid contracts to waste taxpayer dollars instead of using them to rebuild the Gulf Coast after Katrina. And we worked together to put the federal government's checkbook online - so you can see how and where Washington is spending trillions of dollars of your money.

For years, I have also pushed for reform of the same loose regulations and lax oversight that could've prevented the crisis we're in. It was two years ago that I introduced legislation to stop mortgage transactions that promoted fraud, risk or abuse. It was one year ago that I called on our Treasury Secretary and our Fed Chairman to bring every stakeholder together and find a solution to the subprime mortgage meltdown before it got worse. In March, when John McCain was saying "I'm always for less regulation," I called for a new, 21st century regulatory framework to restore accountability, transparency, and trust in our financial markets.

These are the types of reform I will pursue beginning on my very first day in office as President of the United States - political reform, government reform, and regulatory reform.

First, I'll reform our special interest-driven politics. When I am President, I will start by closing the revolving door in the White House that has allowed people to use their Administration job as a stepping stone to further their lobbying careers.

I'll make it absolutely clear that working in an Obama Administration is not about serving your former employer, your future employer, or your bank account - it's about serving your country. When you walk into my administration, you will not be able to work on regulations or contracts directly related to your former employer for two years. And when you leave, you will not be able to lobby my Administration - ever. I will also institute an absolute gift ban so that no registered lobbyist can curry favor with members of my administration based on how much they can spend on a fancy dinner.


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