Friday, December 19, 2003
The Atlantic Monthly has run a letter to the editor I submitted in response to an article about the McCain-Feingold bill. It reads in part:
George W. Bush, who called for a hard-money increase during his presidential campaign, signed the law largely because it included this increase, and he is now its greatest beneficiary. McCain-Feingold dramatically boosts the clout of Bush's Ranger supporters, who each pledge to raise upwards of $200,000 for his re-election. But McCain-Feingold's increase in hard money will benefit incumbents of all stripes, and its enactment represented more self-interest than principle by members of both political parties.