Ryan Sager writes about McCain-Feingold and five years of CFR failure.
Last but not least â€” and here we get to the real nub of campaign-finance regulation â€” McCain-Feingold supporters promised that the bill would curb the scourge of "negative" and "dirty" advertising. "It is about slowing political advertising," Ms. Cantwell said during the debate. "Making sure the flow of negative ads by outside interest groups does not continue to permeate the airwaves."
Of course, curbing and "slowing" speech critical of politicians by "outside interest groups" (a.k.a. "citizens") is in no way a permissible goal under the First Amendment. But, ultimately, the politicians may have failed in this most nefarious goal.
Let's hope this unconstitutional law -- which impinges on our freedoms far more than the Patriot Act -- will be dismantled soon.