Beyond McCain-Feingold

This article appeared in the April 23, 2001 edition of The Nation.

April 5, 2001

The Senate's passage of McCain-Feingold was welcome if only as a comeuppance to the Trent Lotts and Mitch McConnells who had arrogantly defied popular sentiment by keeping the bill under wraps for six years. There were several factors that made the time right for McFein--including a strategic calculation by the parties that they had reached soft-money parity--but paramount among them was the prevailing climate of popular disgust with the sale of the government to the highest bidder. For this the interest groups that helped raise public consciousness with a steady flow of statistics and gamy anecdotes about the American way of bribery and extortion deserve great credit. Even George Bush has mumbled that he would sign a campaign finance reform bill, which doesn't say much for present legislative efforts but is a tribute to the critical mass reached by pro-reform sentiment in the country.

The fact that the Senate was even able to debate the bill seemed a freshet of democracy released by a spring thaw. Once the threat of filibuster and suppression by the leadership was lifted, a feisty debate bloomed on the floor. During the colloquy ending in the 60-40 rejection of one "compromise" that would have repealed a 1907 law banning direct contributions from corporations, some of the fiercest denunciations of corporate influence were heard since, well, 1907. Although Paul Wellstone's amendment to allow states to apply public financing systems to their own federal office races failed, it drew the support of thirty-six senators and more than seventy major groups--labor,enviro, black, Latino, religious.

But let's not get carried away. The bill that finally passed does little to alter a system pushed to the brink of plutocracy by the obscene power of money (note Bush's tax cut, incorporated in the budget bill the Senate next took up, so blatantly weighted toward his wealthy supporters). And it bore little resemblance to the measure John McCain and Russ Feingold originally proposed, which promised a ban on unregulated soft money and "bundling" (whereby givers maximize their influence by pooling their contributions), limits on spending by candidates and political action committees and provisions for free TV time.

Subscriber Login

4 ISSUES FREE

Subscribe Now!

The only way to read this article and the full contents of each week's issue of The Nation online is by subscribing to the magazine. Subscribe now and read this article -- and every article published since for the past five years -- right now.

There's no obligation -- try The Nation for four weeks free.

.
Most Read

Issues »

Most Emailed

Issues »

Popular Topics

Blogs

» State of Change

It's 3 a.m., Hillary's on the Phone | It looks like Clinton will be the Secretary of State.
John Nichols

» Capitolism

Left Out | Would it kill Obama to have an actual progressive or two in his cabinet?
Christopher Hayes

» The Beat

Key Committee Pick Signals Obama-Pelosi Direction | Waxman gets Commerce chair, amid signs of focus on healthcare, environment, consumer protection.
John Nichols

» The Dreyfuss Report

That Iranian "Bomb"? Relax. | Obama has lots and lots of time to deal with this problem carefully and rationally.
Robert Dreyfuss

» The Notion

A Clinton Administration? | Given the Obama appointees so far, you might think Hillary had been elected.
Tom Engelhardt

» Passing Through

Should GM Survive? A Wall Street Analyst's View | Maybe they should just let it die.
Jane Hamsher

» Act Now!

Take the Joe Lieberman Pledge | In America, it's never too early to start preparing for the next election.
Peter Rothberg

» Editor's Cut

Smart Defense | Rep. Barney Frank is leading the charge to end the Pentagon's weapons spending spree. Is anybody listening?
Katrina vanden Heuvel

» And Another Thing

Election Updates --Good News and Not | Details on some ongoing stories
Katha Pollitt