I read somewhere a recent quote from Thompson regarding McCain-Feingold; he all but said the law was a mistake. Then he wondered aloud about scrapping Mc-F and replacing it with a law that lifts campaign contribution limits and requires prompt public contribution disclosure on the internet.
To that, I not only say “Yes!” but “Hell, yes!” The answer to any campaign finance controversy is more freedom, not less. So remove the limits, require instant public disclosure. That way, the voters — and not some weenie incumbents — decide if a particular contribution is a problem.
I’m hoping Fred sticks to this course...it’s a winner.
http://www.opinionjournal.com/editorial/feature.html?id=110009798
Lot's of good stuff, but key quote:
Many on the right remain angry he supported the campaign finance law sponsored by his friend John McCain. "There are problems with people giving politicians large sums of money and then asking them to pass legislation," Mr. Thompson says. Still, he notes he proposed the amendment to raise the $1,000 per person "hard money" federal contribution limit.
Conceding that McCain-Feingold hasn't worked as intended, and is being riddled with new loopholes, he throws his hands open in exasperation. "I'm not prepared to go there yet, but I wonder if we shouldn't just take off the limits and have full disclosure with harsh penalties for not reporting everything on the Internet immediately."
That’s right - full disclosure.
Transparent and posted in a timely manner. Simple.
CFR not only attacked the First Amendment but they made it SO complicated. AND ironically, it weakened the parties but gave way too much power to Soros backed organizations etc.