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Non-Blogs Linking to PoliBlog: - Alabama Weblogs

AJC's 2004 Election Politics Sites and Blogs Campaign Finance
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Young Elephant
Sunday, May 16, 2004
Yet More Evidence that Campaign Finance “Reform” Doesn’t Work

By Steven Taylor @ 8:54 pm

Yahoo! News - ‘Soft money’ may help GOP launch wider attack on Kerry

After holding back for months, Republican political operatives say they will compete with Democrats in raising and spending millions of dollars in unregulated “soft money” on this year’s presidential election.


Most activity by independent political groups - known as “527s” for the section of tax law under which they are organized - has been among Democrats. That has helped to counter Bush’s campaign fundraising advantage. While the Bush and Kerry campaigns are limited in what they can collect, the outside groups can take multimillion-dollar donations from wealthy partisans such as financier George Soros.

If the FEC fails to enact regulations, “it will be abundantly clear that 527s are going to play a major role in the election,” Hirschmann said. “We do not want to see Soros and the unions and the liberal Democrat 527s go unanswered.”

*sigh* When will legislators learn that they can’t stop money from flowing into politics? If companies that sell hamburgers and soda will spend millions and millions annually to get us to buy their products, why is it such a shock that groups and individuals will spend millions and millions to help elect the leader of the free world?

A system that allows unlimited contributions to parties and candidates with full and immediate disclosure on the internet would certainly be a far more transparent system than the one we currently have. And it would have the virtue of leaving the First Amerndment alone.

Filed under: 2004 Campaign

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  1. This whole McCain-Feingold thing is a mess. I belong to a local political group that sponsors debates, has speakers, etc. The Executive Board likes to make endorsements but we decided against endorsing any federal candidates lest we be considered a “527″ under a strict reading of the law. However, we did certify that certain candidates are indeed Republican. This is so lame.

    Comment by John Lemon — Sunday, May 16, 2004 @ 9:15 pm

  2. To put it mildly.

    Comment by Steven — Sunday, May 16, 2004 @ 9:16 pm

  3. The worst part is that during the debate of M-F, most of congress knew and accepted that the new law would have zero effect on the amount of money during this election. In fact, during Legislative Aides meetings we were able to tear major holes in any defense the sponsors were able to come up with.

    Our problem was how to vote against a bill that was so high profile and had coverage that was so one sided.

    And yes, I know how pathetic that sounds.

    Comment by Rob M — Monday, May 17, 2004 @ 9:13 am

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