Why is everyone in an uproar over this if it isn't a case of 'if it's not broke, don't fix it?'
Personally, I don't think it's broke. Anything that McCain and the other democrat is involved in is suspect up front.
According to this story, "the Democrat committees raised about $246 million in soft money in the last election cycle, compared with $250 million for the Republicans."
Looked like an even playing field to me. It's anti-term limit legislation, isn't it? Is that your preference as well? Even at the cost of assaulting A1?
I don't see "everyone" being upset about this though the usual suspects are loud in their opposition. I tend to agree with the if it ain't broke don't fix it philosophy and never supported the passage of this law but see little apocolyptic about it.
It is hardly "anti-term limit" since the only constitutional term limiting for federal offices is by the electorate which apparently does not care to vote these bastards out once they are elected. About 1% of the incumbents for the Congress were defeated last cycle. That will not be changed for better or worse by this legislation.
Nor is there any true impairment of the 1st amendment by it except for those too stupid to do the minimal manuvering necessary to say what one wants to at anytime.
Some people around here are in a permanent state of panic which makes for fun but impedes the site being taken seriously by serious-minded, thoughtful observors.