Covering the escalating battle between Sen. John McCain (Ariz.) and former Gov. Mitt Romney (Mass.) for Florida's Republican convention delegates, AP's Glen Johnson offered a tepid description of the defining and definitely liberal magnum opus of the former's legislative career, the McCain-Feingold bill --formally titled the Bipartisan Campaign Reform Act (BCRA) of 2002 (emphasis mine):
Romney struck first on the day before the winner-take-all Florida primary. He attacked the Arizona senator for his legislation reducing the role of money in politics, for his position on immigration and for his support of an energy bill that Romney said would have driven up consumer costs.
Funny, seems to me political campaigns are flush with cash and that campaign finance has grown, not shrunk, since 2002. What McCain's bill did do, however, was to enact a ban on so-called soft money, as well as institute bans on third-party issue ads airing 60 days prior to a general election. The issue ad ban was overturned in a 2007 Supreme Court ruling, despite McCain's wishes to the contrary:
He was not participating in the latest appeal, but the bill's co-sponsor, Sen. John McCain, R-Arizona, is a party to the case.
"It is regrettable that a split Supreme Court has carved out a narrow exception by which some corporate and labor expenditures can be used to target a federal candidate in the days and weeks before an election," McCain said in a statement.
(h/t NewsBusters reader Justin Bartlett)