Ryan H. Sager on campaign finance reform and The War on Speech, via Glenn:
America's experiment with campaign-finance reform should never have been started. And now there may be no way to stop it. President Bush passed up his opportunity to stop it back in 2002 -- though he admitted at the time he thought the law was unconstitutional. The Supreme Court, in turn, punted on the issue and let an atrocity against our Constitution stand.
Last week, a bill was introduced in the Senate that would force 527s to register with the Federal Election Commission and restrict the groups' ability to raise and spend money.
The bill enjoys the support of Trent Lott, who had been one of 41 senators to vote against McCain-Feingold. Now, however, he's decided that any money given by wealthy individuals is "sewer money."
And why is this money so dirty suddenly?
"It was an unintended consequence of McCain-Feingold. Instead of going to the parties, rich people are putting money into these 527s in the dark of night," Lott told the Sun Herald in Biloxi, Miss.
In other words, some of those rich people might be trying to throw out incumbents.
McCain is even more blatant about the incumbent-protection angle. As The Washington Times reported last week, "McCain said lawmakers should support the bill out of self-interest, because it would prevent a rich activist from trying to defeat an incumbent by directing money into a political race through a 527 organization."
"That should alarm every federally elected member of Congress," McCain said.
Indeed, it certainly does.
I'm still mad at Bush for not vetoing the "incumbency protection act", and this "reform" is one of the many reasons I'd never want McCain to get the Republican nomination for President.
Friday, February 11, 2005
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