QUOTE (lostfan @ Jul 5, 2008 -> 04:01 AM)
I'm hoping that Obama wrecks it and they have to start over.
I'm about to begin a course on public policy on Monday, and I'm excited for it if just to give me a better idea of how public financing could work. So the problem right now with M-F act is the 527's and groups of unregulated political groups that forum outside the DNC or RNC or Candidates and raise millions and wreak havoc with many false ads. Now, in the next legislation, knowing that this was a problem with the first, how can you stop these? Beyond the fact that it would likely be a free speech issue, if that was not the case, merely saying you can't have these has never worked. Look at acts such as Gramm-Ruddman, who had many stipulations on things congress couldn't do in spending without necessary punishments, so there was no incentive to stop. And I suppose in my mind the only way to stop this is to punish the candidates. If a 527 group forms with neg. ads on the other candidate, the candidate it would inherently support should get punished, even if they had nothing to do with it. Financial punishment with the limited funds that this candidate would have should be a sufficient deterrent.
Then again, with calculated risk, the candidate could find that they'd rather just get punished over and over with their campaign funds so they can have these 527's unlimited funds for advertising.
These decisions would be bigger than me.