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July 30, 2004

McCain-Feingold, in Sheep's Clothing

Thus was the last pretense at campaign finance "reform" dumped into Boston Harbor. McCain-Feingold has proved more of an embarrassment than even its critics predicted, taking the "big money" that previously flowed to answerable politicians and neatly diverting it to unaccountable, shadowy groups, as well as stripping Americans of their free speech rights. But the farce hit an all-time low at the Democratic National Convention, where the groups that spent the past year quietly sidestepping the law felt confident enough of its loopholes to openly assume their place as the new fund-raising arm of the Democratic Party.

The Cash That Dare Not Speak His Name

Posted by Tully at July 30, 2004 01:45 AM
Comments

I think what the WSJ is mad about is that instead of corporate interests controlling all the campign money, 527s allow millions of $20 donations from internet activists to have an influence.

Mrs Strassel doesn't like that idea for some reason. I wonder why?

Posted by: miguel at July 30, 2004 02:30 AM
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