Solomonia Archive: "Democrats Discovering Campaign Law's Cost"

Saturday, June 28, 2003

"Democrats Discovering Campaign Law's Cost"

(Via Power Line Blog) Democrats Discovering Campaign Law's Cost (washingtonpost.com)

Power Line Blog points to this interesting item on the effects of McCain-Feingold. Would we say this is the law of unintended consequences coming home to roost? What's also funny is that in spite of the fact that the new law is actually disproportionately benefitting Republicans, the "right-wing radio nuts" that I had heard were going absolutely apoplectic over the passing, and the President's signing of the bill. Chock one up for intellectual consistency over self-interest, I guess.

[...]The study, analyzing donations during the 2002 campaign cycle, found that those little guys giving less than $200 to federal candidates, parties or leadership political action committees contributed 64 percent of their money to Republicans. By contrast, those fat cats giving $1 million or more contributed a lopsided 92 percent to Democrats. The only group favoring Democrats, in fact, were contributors giving more than $100,000.

"The findings illustrate the Republicans' strong advantage over Democrats in the current system," the center concluded. That's for sure. With the McCain-Feingold law capping total contributions at $95,000 per person, the Democrats are plain out of luck. [...]

Dean Esmay had a great headline for his item on this issue a few weeks back: "Idiots Dig Own Graves, Shoot Selves In Head, Whine About Unfairness Of It All" Heh.

Posted by Solomon at 12:03 PM on Saturday, Jun 28, 2003
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