“Nearly halfway to choosing the next president, voters are witnessing an amazing spectacle in addition to the Barack Obama-Hillary Clinton scrum. All three of the contenders are avowed believers in ever more restrictive and convoluted campaign-finance laws. They are also proving, with their every decision, why those laws have become a national farce,” the Wall Street Journal says in an editorial.
“With his fund raising headed for the stratosphere, Mr. Obama has transformed himself from earnest reformer to Senator Moneybags willing to renege on his pledge to accept public financing. Mrs. Clinton flirted initially with another donor scandal, and now her big givers are maxed out, so even she has to scramble for cash for the later primaries. And John McCain, the caped crusader of reform for more than a decade, has taken to bending rules so he can remain competitive: His campaign pledged his eligibility for federal matching funds as collateral for a bank loan, then declined public funding and its spending limits for the primary season,” the newspaper said.
“If you don’t like how this looks, send your complaints to the three candidates. They were all proponents of fund-raising rules sold as a way to ‘cleanse’ the system. Send your complaints as well to the goodgovernment types who pledge allegiance to the idea that money is the root of political evil. They have had their way since the Watergate era, passing reform after reform.”