If it's a smart take, then I didn't write it since I know relatively little about political campaign finances except to know that the "reforms" that have been made have not worked. It's still all about the rich, the powerful, the elite.
Markos Moulitsas, the Kos that founded Daily Kos, put up this post earlier this evening. It's not going to meet with everyone's agreement, that's for sure, since there are so many arguments being made and being defended that I've lost track. But I agree, and I'll defer to the proprietor of big orange on this one.
A particularly accurate passage reads...
The original solution, embodied by campaign finance efforts, was to eliminate money from politics. It seemed like a noble goal, but over 30 years after first enacted, CFR has been an abject failure. Big money continues to find ways to enter and corrupt the system. The Supreme Court has ruled that money is speech (and it is, no matter how much that may rankle many of you), and as such, drastic restrictions in its political application are limited. I used to be a huge CFR supporter, but it requires ideological rigidity (the likes we see on the Right) to continue pretending that CFR is a valid solution to the problem. Reality has shown, quite clearly, that it simply does not work.
I love reading Daily Kos, and I also like commenting and even writing the occasional diary on the site. And for that reason, I'm glad that I will be attending my second "Yearly Kos" convention, now rechristened Netroots Nation. Cool stuff if you're a policy wonk, a blogger geek, or both.