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04/22/2008

Someone Ought To Ask McCain If He Still Thinks Campaign Finance "Reform" Was a Good Idea

John McCain, who is running at least partly on his history as a politician above politics, a straight-shooter who has fought to get big money out of politics, has figured out a way to get big money back into politics. His plan directly subverts the McCain-Feingold campaign finance laws McCain fought so sanctimoniously for.

The McCain campaign has established several fund-raising accounts that will collect large donations from wealthy individuals and parcel them out to national and state Republican parties that can spend the money to help Sen. McCain and other Republican candidates.

The fund-raising accounts, which will supplement his existing fund-raising efforts, will give the Arizona senator the "ability to raise much faster larger sums of money," said campaign manager Rick Davis, who outlined the plan for reporters Friday.

Individuals are limited by McCain's formerly beloved campaign finance laws to contributions of $4,600 per campaign, per election cycle. This new strategy will allow individuals to grease McCain's outstretched palm with up to $70,000.

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