AIG and Campaign Finance Reform

The whole AIG fiasco had brought up once again the issue of campaign financing.  [Notice that everything that almost everything that goes wrong in Washington D.C. invariably has as a root cause or corollary - campaign financing, point out the need for reform.]

 

McCain-Feingold didn't do it.  Here's something that will:

• Only individual contributions
• No limits
• Transparency - 100 percent, real time
• Stiff penalties for fraud and collusion
• Make it apply to Candidates and all registered political organizations that collect campaign funds.

PACs and Unions will whine a lot, indicating that the rich will dominate the elections.  BS - Does the name George Soros ring a bell?   If everyone that donates has to indicate/report when, how much and to whom.  Two things are going to happen:

1. Campaign contributions will go down - cause the people who enabled to currently "hide" their contributions will no longer be able to do so.  If campaign contributions go down - this will more adversely effect the incumbents.   They'll have to work harder to get re-elected, having to be more honest with their constituents.
2. We'll know exactly who is contributing and how much.  Public outrage will "police" the candidates and the contributors.  Impeachments will probably increase initially as "crooked" candidates will try to "game" the new reform.  It will only last about one election cycle.