Word: feingolds
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...former are more intuitive and more widely legislated. One such approach, which focused on limiting campaign expenditures, was derailed back in 1976. In Buckley v. Vallejo the Supreme Court ruled that it violated the First Amendment. But the recent McCain-Feingold campaign reform act passed by Congress in March of 2002 adopted a similar strategy, eliminating unlimited “soft money” contributions to political parties...
Although McCain-Feingold has overcome its own constitutional challenges, it proved less able to meet the challenges of this past election cycle. Through the 527s, “bundled” contributions and other legal loopholes, special interest money still managed to do what special interest money does best: finding its way into campaigns as it always has. Money in politics is like water streaming down a hill—no matter how many obstacles you throw in its path, it still manages to get where it’s going...
When the Bi-Partisan Campaign Reform Act (BCRA) was signed into law by President Bush in 2002—the ever touted McCain-Feingold effort—its fundamental purpose was to curb outrageous campaign contributions that had been the source of so much political woe. Yet, on both sides of the political spectrum, groups quickly mobilized to find ways around the legislation, establishing all sorts of loophole groups that fell under the radar of soft-money restraints. The Swift Boat Veterans and their Texan philanthropists are simply a flagrant example of the way in which these groups are succeeding...
...idea of seeing him in the flesh is a totally different experience than listening to him off a recording, even though I’m not expecting him to be a great live performer,” said Gabriel E. Feingold...
Meanwhile, the 2002 McCain-Feingold law dramatically changed the way money flowed into the system and whom it flowed to. With candidates restricted to maximum donations of $2,000 from individuals and with parties no longer allowed to accept unlimited tubs of soft money, the supposedly independent 527 committees like the left-wing MoveOn Voter Fund and the Kerry-bashing Swift Boat Veterans for Truth entered the message-management game playing by their own set of rules. Together, these 527 groups have raised more than $240 million. Their ads have been edgier, uglier and arguably more effective than anything...