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Reform You Can Take to the Bank

At its core, the McCain-Feingold bill was about getting rid of soft money. So far, so good. But as part of the deal, the Senate voted to hike hard-money limits. The Senate has thus exacerbated the money-and-politics problem. Assuming that the bill becomes law, we can expect a future in which campaign costs soar, elite […]

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Rescuing Politics from Money

T his special double issue of the Prospect focuses on money and politics. It is part of a continuing series on this set of topics, which is central to the project of reviving progressive politics. In this century, there have been successive waves of reform, beginning with the Progressive Era, which sought to constrain the […]

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Three Steps Forward, Two Steps Back

The final numbers aren’t in yet, but we may soon be calling this the first $4-billion presidential election in U.S. history. (About half as much was spent by parties and candidates a mere four years ago.) With most of the campaign money coming from special interests, the need for comprehensive reform intensifies. A new wave […]

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Golden Zip Codes

From the high-rises of New York’s Upper East Side to the mansions of Beverly Hills, the wealthiest Americans are opening their wallets to invest in presidential politics. Candidates Bill Bradley, George W. Bush, Al Gore, and John McCain are all overwhelmingly and disproportionately dependent on wealthy and white contributors to finance their campaigns. While the […]

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The Courting of John McCain

Can George W. Bush get John McCain’s endorsement? That may turn out to be the most important political question of the spring. Bush isn’t off to a good start: He’s made a series of remarks antagonizing the McCain camp, even as both his and McCain’s surrogates have been trying to bring the two sides together. […]

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Campaign Finance Emissions

Thirty years after the first Earth Day in 1970, environmentalists have much to celebrate. Just 25 years ago, for example, the majority of the nation’s water was polluted. Today, two-thirds of that precious resource is considered safe, thanks largely to the Clean Water Act. But despite the broad public support for further efforts to cut […]

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Swearing Off Soft Money – Sort Of

As the most expensive Senate race in the country ($63.4 million raised by all candidates as of September 20), the New York contest between Hillary Rodham Clinton and Republican Representative Rick Lazio is drawing almost as much attention as the presidential campaign. Lazio made news by challenging Clinton, in the midst of their first televised […]

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Character and Campaign Finance

For years, Republican Senator Mitch McConnell has steeled the spines of his fellow opponents of campaign finance reform by telling them, don’t worry, no one has ever won or lost an election because of his or her position on the issue. Well, McConnell’s maxim is losing its power. Senator John McCain’s stunning victories over Texas […]

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