According to the press, John McCain’s campaign finance legislation has saved the nation and will cause all corruption to melt away…or something like that. That’s wonderful, but McCain and his fellow “reformers” don’t seem to understand what really bedevils American democracy. Forget the lobbyists and special interest groups. Like them or not, they do have a legitimate role to play, and whatever excesses they commit are well documented (and heartily denounced) by both the media and countless watchdog groups. Furthermore, lobbyists’ actions already were proscribed carefully by law long before McCain-Feingold. Instead, our republic sustains far greater damage on Election...