Today’s Flickr Photo
If you read one thing today . . .
While the GOP is the party mostly benefiting from the flood of anonymous corporate donations being collected and spent this year on political ads, the WaPo’s Sue Marcus points out that just six years ago the Democrats were the party being accused of running roughshod through campaign finance regulations. There’s little moral high ground for Dems in the debate over reforming our campaign finance rules. Marcus writes:
Let’s not be naive, though. Unlike most Republicans, Democrats have long supported campaign finance reform; for that they deserve enormous credit. But campaign cash is where the hardball hits the mitt. For decades, both parties and their allies have demonstrated a hardheaded willingness to exploit and stretch existing campaign finance laws. To expect otherwise is to expect lions not to eat zebras when the opportunity arises. The ethics — and the expressions of ethical outrage — are purely situational.
Democrats are not playing the outside group game this election — but it would be awkward to do so while blasting Republicans. As a presidential candidate in 2008, Barack Obama discouraged the formation of outside groups — but his fundraising juggernaut meant he didn’t need them.
The real villains of the current mess are a tax code that gives way too much leeway for secret and unlimited political cash and a regulatory regime that has proved itself incapable of stemming the flow.
Overheard:
From Jennifer Steinhauer and Carl Hulse in the New York Times comes a look at House Minority Leader John Boehner’s humble Ohio roots:
“Growing up, we were probably Kennedy Catholics because we were a strong devout Catholic family,” said Bob Boehner, the congressman’s older brother, who like all his siblings eventually switched party allegiance. “But the first time you get a real job and get your paycheck, you look down and you wonder, where’s the rest of your money, and they explain to you that that’s the tax you have to pay to the government, you start thinking more and more about becoming a Republican.”
The 2002 BCRA, bipartisan legislation was co-authored by my Senator, Russ Feingold, a decent guy. But let’s examine something about his methods. Even after calling his offices and asking him not to vote for the stimulus package, where most of the money went to the New York financial district and six months later was used to pay million dollar bonuses, Russ voted for it anyway. It would have been a stimulus check to each and every taxpayer of at the very least $7,000 had the government sent the money to the people who pay the taxes in the first place. Some would have received checks of more than $11,000 based on their income. Now that would have stimulated the economy like you wouldn’t believe. Schools could use that money. The roads need serious repair. Instead, the money mostly went to banks and other financial institutions in one or two states, money from the entire country!, and was concentrated to the very people Russ often says he does not support. It makes you wonder.
But even more concerning is the BCRA, the bipartisan legislation he basically wrote in 2002 to control campaigns. It was supposed to stop what we are enduring now. I like Russ. But if there is anyone who says one thing and something else entirely happens, it would appear it is Russ Feingold. It would appear he is one of the best at doing just that in fact.
http://williamthien.wordpress.com/2010/10/27/campaign-finance-reform-a-plague-of-democracy/