2002 Bipartisan Campaign Reform Act
Hi homies. This is a brief excerpt from an opinion piece in the WashingtonPost.com dated April 11, 2014. I think most of us can probably agree that the Wash Post is not a whacko alt-news web-site, and in fact leans politically liberal. I appreciated the educational value of this article, and give credit to the authors Robert Kelner and Raymond La Raja. May we all someday connect the dots and arrive at peace. Happy Sunday!
[Start Excerpt] McCain-Feingold, as the 2002 Bipartisan Campaign Reform Act is known, prohibited large contributions by wealthy individuals and corporations to national party committees, all of whose receipts were publicly disclosed. But, perversely, the ban on “soft money” left individual and corporate donors free to direct their funds to outside groups, where donations are concealed from public scrutiny.
Proponents of McCain-Feingold said the law would restore trust in the political system. Some suggested the parties would “thrive” because they would be forced to rely on small donors. Critics, however, predicted it would precipitate a tectonic shift of political power away from the parties and toward outside groups, which were likely to be far more extreme and far less accountable.
There can be no doubt today that the critics were correct. In the 2004 presidential election, outside groups such as Americans Coming Together and Swift Boat Veterans for Truth played a major role. By the time Citizens United was decided in 2010, well-funded outside groups had proliferated on both sides.
And as the outside groups expanded, the parties shrank. [End Excerpt]