Monday, December 10, 2007

Wired Mag: RP Supporters Hack Campaign Finance Laws

Wired Magazine writes:

What makes the effort special (aside from the whole blimp thing) is that it's not being run by the Ron Paul campaign, nor is it funded by a tax-exempt "527" group, nor by a political action committee, or PAC. Instead, it's spearheaded by a newly formed for-profit corporation named Liberty Political Advertising. That for-profit status means that donors are really "customers" and thus can seemingly contribute as much money as they want, irrespective of the $2,300 annual limit on individual contributions to a primary campaign. They can also disregard the $5,000 limit on contributions to a PAC promoting a candidate.
I've never been a fan of the FEC or anything at all regarding campaign finance regulation as long as there's transparency on where the money was coming from and where it was being spent. Since political speech should be the most protected form of free speech. Spending limits should be the first thing to go.

That we have essentially a 2 party system and incumbents have a hard time leaving office should tell you something about how thoroughly inept and corrupt our government is.

I mean really, for taking half of everyone's paycheck, are we getting our money's worth?

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