With midterm elections just days away, it is worth considering money in politics and attempts to curb speech. Both Parties want money out of politics…but only that which flows to the other. There has been no Court decision in recent times that has upset Democrats so much as Citizen’s United in 2010. The irony is that their reasoning is illiberal. Their objection had to do with the fact that the Court considers corporations to be similar to unions and other political entities. Democrats, naturally, see nothing wrong with public sector unions feeding the machine that is essentially collusion between those unions and favored politicians – jobs for votes and money.
According to the FEC (Federal Election Committee), $5.3 billion was spent in 2012 on federal elections, double what had been spent a decade earlier – a rate of increase that is roughly triple the rate of inflation. Numerous attempts to curtail spending on elections have failed. Placing limits on spending inevitably favor incumbents – individuals, supported by taxpayers, over whom they exercise power and from whom they are increasingly alienated.
More importantly, when we rue the amount of money spent on political campaigns we unwittingly support efforts to curtail speech. Certainly we do not want the process to become any more corrupted than it already is, but that is why we have federal anti-bribery laws that prohibit quid pro quo dealings between officeholders and donors. If anything, existing rules should be enforced more aggressively. Congress should mandate full disclosure of all contributors that donate to political campaigns, including those to PACs and so-called “dark pools.” That would make it easier for federal attorneys to prosecute incidences of political bribery, and would have the secondary, beneficial consequences of providing greater transparency and would likely reduce overall campaign spending.
I may think George Soros is foolish and mistaken in his political beliefs (which I do), but he has every right to spend his money as he wishes. In like manner, the Koch brothers have every right to express their opinions. When Senator Harry Reid refers to them as “un-American,” it is he who is acting un-American, as he seeks to bend the Constitution in his favor.
The effect of this brouhaha has been to raise the spectre of limiting speech. Like most federal bureaucracies, the FEC has been expanding its reach. Recently Vice Chairperson Ann Ravel announced her intent to forge new rules regarding on-line political speech. Under current rules, any political content that is not posted on-line for a fee is not subject to regulation. However, half the six members of the FEC wish to subject all blogs and internet postings, with political content (presumably including this one), to FEC-mandated controls.