Campaign Finance Epiphany

I love how Bush has suddenly adopted McCain-Feingold as one of his signature issues.He’s just appalled that these “shadowy” groups are undermining his fine achievement.

Q There’s a new ad by MoveOn.org that talks about — that criticizes Bush’s record in the National Guard. What’s your response to that, and what do you say to Harkin, who called Cheney a coward for not serving?

MR. McCLELLAN: We have been on the receiving end of more than $62 million in negative political attacks from these shadowy groups that are funded by unregulated soft money. And the President has condemned all of the ads and activity going on by these shadowy groups. We’ve called on Senator Kerry to join us and call for an end to all of this unregulated soft money activity. And so we continue to call on him to join us in condemning all these ads and calling for an end to all of this activity.

[…]

The President thought he got rid of all of this unregulated soft money activity when he signed the bipartisan campaign finance reforms into law. And so it’s another example of — the senator’s latest comments are another example of him saying one thing and doing another.

It makes you wonder why he signed the bill in private, allowed Mitch McConnell to promptly sue to overturn it and didn’t even ask McCain to attend the ceremony. And his shock at these “shadowy groups” is especially rich considering that one of his primary objections to the bill was the limitation on issue ads and unregulated soft money by individuals.

Without any fanfare, U.S. President George W. Bush signed the campaign finance overhaul bill into law in the Oval Office Wednesday morning before heading off for fund-raising events in South Carolina and Georgia, the White House announced.

[…]

“The president believes the legislation, while far from perfect, will improve our current finance system,” said White House Press Secretary Ari Fleischer.

As expected, Sen. Mitch McConnell, R-Kentucky, filed a lawsuit in the U.S. District Court for the District of Columbia challenging the constitutionality of the new law.

McConnell’s legal team, led by former Independent Counsel Kenneth Starr and First Amendment expert Floyd Abrams, plans to argue that the new law violates the First Amendment’s protection of free speech and the equal protection clause of the 14th Amendment because it restricts the political speech of political parties and interest groups, but not the news media.

Bush also has reservations

In his written statement, President Bush praised provisions in the measure that ban unions and corporations from making unregulated contributions to political parties and the provisions raising the decade-old limit on individual giving.

The Bush statement also says that while the bill goes “a long way toward fixing some of the most pressing problems in campaign finance,” the measure also has flaws.

In particular, the president wrote that he continues to object to the ban on unlimited contributions by individuals to political parties in connection with federal elections.

“The president believes the individual freedom to participate in elections should be expanded, not diminished,” Fleischer said.

He said the president also has reservations about the limitations on issue advertising. The bill bans unions and corporations from using “soft money” to broadcast what are known as “issue ads” that mention a federal candidate within 60 days of a general election and 30 days of a primary. Hard-money issue ads may run up to the election.

Fleischer said because of his concerns, Bush chose to sign the bill privately in the Oval Office as opposed to hosting a public signing ceremony at the White House.

Fleischer said it was the president’s view that a South Lawn ceremony “would not have the aura of consistency…befitting with his beliefs in the bill in its totality.”

His newfound concern for unregulated money in politics is quite touching. Who says he hasn’t grown in the job?