Welcome To The New Gilded Age

bobabode · #1 04-02-2014, 01:13 PM

http://www.washingtonpost.com/politi...y.html?hpid=z1

“Today’s court decision in McCutcheon v. FEC is an important first step toward restoring the voice of candidates and party committees and a vindication for all those who support robust, transparent political discourse,” said Reince Priebus, chairman of the Republican National Committee, which brought the case with Shaun McCutcheon, an Alabama businessman.
But advocates for reducing the role of big donors in politics decried the ruling, saying it will further amplify the influence of the wealthy in campaigns. By striking the overall cap on how much individuals can give to federal candidates and parties, the decision opens the door to the creation of super-sized joint fundraising committees that could solicit checks for more than $3 million, they say.
“I was deeply disappointed, but it is what it is,” Sen. John McCain (R-Ariz.) said shortly after the ruling was announced. “I predict again, there will be major scandals in campaign finance contributions that will cause reform.”
“There will be scandal,” he repeated. “There’s too much money washing around.” Wapo

Strangely, I find myself agreeing with 'Grumpy' McCain.