Cross posted at Citizen Action Wisconsin's No Sacred Cows Blog:
If today goes well for the GOP, the tea party and their standard bearers will no doubt be talking about people power, taking back our country, etc.
Say what you will about the gloating tone, but the WSJ editorial board does a valuable service in reminding us to follow the money.
For the good-government liberals who want to regulate political speech, today's election must be horrifying. Not only has a gusher of campaign spending made far more Congressional seats competitive, but the patron political saint of campaign-finance reform, Russ Feingold, may be run out of the Senate by voters in Wisconsin, the birthplace of progressive politics. Be sure to confiscate all sharp objects around Common Cause and certain editorial boards after 10 p.m. tonight.
As for the rest of us, we can celebrate what with any luck is the death of campaign-finance reform and the revival of more robust political competition. Thirty-five years after it began in the wake of Watergate, the liberal crusade to limit campaign spending has proven once again to be a hopeless failure.
So how about it, goo-goos? Your standard bearer on Capitol Hill looks like a goner, and the Supreme Court has rightly gutted your schemes to limit political money as a violation of the First Amendment. John McCain is still around, but we doubt any Republicans will be foolish enough to follow him again down this primrose path. Accept the fact that money can't be purged from politics, and we'll even give you something in return for admitting reality.
As for this evening, enjoy the spectacle of greater political competition that more campaign spending has wrought, and please don't drink and drive.