An editorial in the New York Post argues that Americans spend more money on Twinkies than the Presidential campaigns — is this what McCain-Feingold campaign-finance “reforms” were supposed to have fixed?
Five years after the McCain-Feingold campaign-finance “reforms” were supposed to have taken the money out of politics – and one-quarter into the 2008 presidential fundraising cycle – the campaign cash is piling up in record amounts.
Hillary Rodham Clinton has reported raising $26 million, new kid on the block Barack Obama was at her back with $25 million and John Edwards grabbed a respectable $14 million.
Meanwhile, former Massachusetts Gov. Mitt Romney leads Republicans with a reported $20 million, Rudy Giuliani brought in $15 million and Sen. John McCain reaped $13 million.
So much for McCain-Feingold.
The article claims that the most ironic aspect of all this “reform” is that McCain himself was found so lacking in the money race.
At one time the front-runner for the GOP presidential nod, McCain had a disappointing third-place showing in the “money primary.”
Well, he wanted less money in politics.
He got it.