Your new instructor: Professor Obama
2 months ago
The emergence of super PACs shows once again that “campaign finance reform” has failed abysmally. After nearly four decades, it has achieved none of its goals. It has not purged politics of big donations, nor cured public cynicism about the influence of the rich, nor made elected leaders more trusted. What it has done is compromise basic First Amendment rights, clutter politics with baffling laws and regulations, and actually deepen cynicism.