Elizabeth Drew offers this lengthy article in the New York Review of Books. A snippet:
- The McCain-Feingold campaign finance reform bill in 2002 didn’t stop powerful companies and members of Congress from buying and selling influence. Representative Barney Frank, a major backer of the reform bill, says, “It works about the same as it did before.” But, he adds, because the new law banned large soft money contributions by individuals, corporations, and labor unions to campaigns for federal office, and maintained overall limits on how much a person can contribute to federal elections