I bring this topic up now because it allows me to show that I'm consistent on the issue, no matter whose winning the contribution race, and that when I attacked McCain-Feingold in principle, I meant it. I also bring it up because of this:
Campaign Finance Gets New ScrutinyYou may recall, McCain-Feingold was passed with the intention of "taking money out of politics." Some of us considered that a ludicrous proposition from the git-go. And, with Obama skirting federal regulations and bringing in an eye-popping $150 million in one month, our skepticism has proven to be vindicated.
By Matthew Mosk, Washington Post Staff Writer
Sen. Barack Obama's record-breaking $150 million fundraising performance in September has for the first time prompted questions about whether presidential candidates should be permitted to collect huge sums of money through faceless credit card transactions over the Internet.
Lawyers for both the Republican and Democratic parties have asked the Federal Election Commission to examine the issue, pointing to dozens of examples of what they say are lax screening procedures by the presidential campaigns that permitted donors using false names or stolen credit cards to make contributions.
"There is so much money coming in and yet very little ability to say with certainty that you know who is giving it," said Sean Cairncross, the Republican National Committee's chief counsel. (link)
So now Washington do-gooders will go back to the drawing board and revise all those provisions, this time ... taking the money out of politics ... for good.