The T
George S. Patton Party
Passed on March 27, 2002, the McCain-Feingold Act forbade political parties from collecting soft money. To take some of the sting out of the soft-money prohibition, it raised the limit on individual hard-money contributions from $1,000 per candidate each year to $2,000.
However, McCain-Feingold failed to address the issue of Section 527 "stealth PACs." It did not explicitly forbid private 527s from raising soft money for electioneering purposes. This left political operatives in a quandary. Could they or couldn't they continue to raise soft money through private 527 non-profit groups? No one was sure. But the Democrats took the lead in forging ahead, despite the legal risks. Democrats reasoned that as long as the operators of 527 groups refrained from coordinating their activities directly with the candidates or political parties, and refrained from uttering the "magic words," they could raise as much money as they wanted through 527s.
Republicans disagreed. They charged that the Shadow Party was a criminal enterprise, whose activities were akin to money laundering. However, the Federal Election Commission (FEC) declined to rule on the matter until after the 2004 election. The Republicans were left with no choice but to try to play catch-up. Republicans began building their own 527 network. But the Democrats had the jump on them. It was the Democrats - and George Soros in particular - who had been pushing McCain-Feingold for years. They knew its loopholes and weaknesses intimately, and were ready to exploit them the moment the law was passed.
Thank you Mr. Fitnah, this is what I have been telling people for some time now. I have never totally forgiven McCain in his role in this scam against the American people. All in the name of bipartisanship? No, McCain seemed to be bitter because he was not good at raising campaign money
I have always said that McCain Feingold created moveon.org, and made Micheal Moore even fatter....in his head and wallet. And soros is laughing all along
Money laundering indeed!!
Beginning of deep deep in your face corruption in DC
Not to mention a total affront to the FIRST AMENDMENT