One of the big items today is news that the Romney campaign is bleeding cash. Considering his all out assault first on Newt Gingrich, and now Rick Santorum, this comes as no surprise. Yet while Romney spends more in a day than Santorum spent through most of the campaign thus far (only a slight exaggeration, I think), Santorum continues continues to poll ahead of Romney nationally and is neck-and-neck in Romney’s home state. Of course Romney still has plenty in reserve thanks largely to his Super PAC. Even Newt Gingrich’s fledgling campaign is still alive thanks to the generosity of one supporter funding a pro-Newt Super PAC.
These Super PACs have come under fire. They are the indirect result of the McCain-Feingold campaign finance law, a law which itself amended the Federal Election Campaign Act (FECA), a law meant to restrict the amount of money that individuals could donate to individual candidates. FECA created a two-tiered structure that basically divided federal contributions into two categories: hard money and soft money. Professional sports fans probably recognize the terms as related to soft and hard caps, and it’s really the same concept. Under FECA individuals could only contribute $1,000 to a candidate per election cycle. Yet there were no restrictions placed on “soft money,” meaning contributions to party committees. This was the original end-run around campaign finance law. Under the Bipartisan Campaign Reform Act (BCRA), or McCain-Feingold, individual contribution maxes to candidates were raised, but soft money contributions were phased out. This, in turn, gave rise to other organizations, mainly 527s, which were able to raise unlimited amounts of money to air issue advocacy ads against candidates. These various organizations are not technically affiliated with any candidate, and it is a violation of campaign finance law for candidates to collaborate in any way with these groups.
So is it time for another set of reforms? Indeed it is. And the reform is simple: repeal all these ridiculous (and arguably unconstitutional) provisions, and allow individuals to contribute whatever amount of money they want directly to candidates.
President Obama’s decision to accept Super PAC funding is neither surprising or even all that upsetting. Even though he railed against the Citizens United decision, going so far as to call out the Supreme Court Justices during his State of the Union address in a pique of feigned outrage, nobody who actually has any understanding of who Barack Obama is (meaning people smarter or at least less naive than, say, Doug Kmiec and Kathy Dahlkemper) ever doubted for one moment that he would completely reverse course on yet another promise.
Honestly, there is nothing wrong with Obama’s decision. Not only did the Supreme Court get it right in the Citizens United case, I think that most of the campaign finance restrictions in this country are either unconstitutional or are simply bad policy choices that actually exacerbate the problems with how campaigns are financed. Every new regulation only creates some other entity that further eliminates transparency from the process and merely complicates things unnecessarily.
What is amusing is the blatant hypocrisy, and this is one of those rare times when the term actually applies. The word hypocrite is often thrown around incorrectly. Jonah Goldberg has been one of the foremost crusaders against the incorrect usage of the term. A hypocrite is not someone who claims to uphold a certain principle and then falls short of meeting the ideal. If that were the meaning of hypocrisy, then all sin is hypocrisy. No, a hypocrite is one who pretends to have certain virtues but who, in fact, does not posses said virtues. We all fail to live up to our own moral standards from time to time, but the point is that we are at least trying. Does anyone for one second really believe that Barack Obama truly doesn’t want to receive funding from corporations or wealthy donors? Of course not. It was a populist front meant to distract attention away from the failings of his own administration. He was absolutely insincere at the State of the Union, and he’s been insincere on this issue from day one. This is a guy who raked in more money from Wall Street and other financial institutions than his Republican competitor in 2008, who still collects a hefty amount from this sector, and yet who pretends to be absolutely appalled that these groups have the temerity to influence elections through their campaign contributions.
Yet there are still going to be those who act shocked – SHOCKED! – that Obama could betray his stated principles. As the examples of Doug Kmiec and Kathy Dahlkemper show, never discount the blindness of those who just want to believe. Darwin’s already covered this ground earlier, so I won’t belabor the point. It just astounds me that a man can be so transparently dishonest time and time and time again, and yet there will always be obedient lapdogs ready to be fooled again.