Sunday, May 23, 2004

The Price Of Being A Law-Abiding Party

As bad law, McCain-Feingold has few equals. It's really too bad that the Supreme Court did not trash this piece of garbage when it had the chance.

As any simpleton should have been able to predict, it simply facilitated the development of shadow organizations to fill the void left by the political parties. These are known as "527's" referring the section of the IRS code under which they are founded.

Republicans naively tried to follow not just the word, but the spirit of McCain-Feingold. Democrats went straight for loopholes. As a result, Democrats have tons of unregulated money on hand for the upcoming campaign.

Look for Republicans to fight back now that the gloves are officially off.

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