Money

Posted by Chris in: U.S. politics

Gosh, it sure it nice to see Obama kicking McCain’s ass.

How’s he doing it? Well, no ass-kicking this serious has a single cause. McCain has run a campaign that seems almost designed to highlight his weaknesses, among them a lack of discipline and coherence. His basic campaign pitches are so stupid—Obama pals around with terrorists, Obama is a socialist—that they really amount to an insult to the intelligence of the voters he’s trying to woo. And, of course, there’s Palin, the gift to the Democrats that keeps on giving. On top of all this, the media smells blood, and has started to call the McCain camp out on some of its stupider stuff recently.

What else? Ah, let’s not forget the money. Obama has lots and lots of money. And he can spend it too, thanks to his decision to break his earlier promise about accepting public money in exchange for spending limits. It’s been widely remarked that this has given Obama a real advantage, though McCain’s camp is running such a crappy campaign that I’m not quite sure how decisive it is. Still, I’ll bet it’s made some difference, and perhaps quite a significant one.

This is an issue I’ve not been inclined to think about much recently. It’s been simply too sweet to watch McCain getting his ass kicked. And looking around at other blogs I see that other people seem to share my view. But seriously, can you imagine how we’d howl if our preferred candidate were being outspent by such a wide margin? After breaking a promise about accepting public funding?

I’m starting to think that fans of Obama should be more troubled by this than we are presently. For one thing, I think everyone now recognizes that the system of public financing is dead. This is bad. It certainly wasn’t a perfect system, but reforming it would surely have been preferable to seeing it die.

It also seems potentially bad from a long-term tactical point of view. It’s not as if the Democrats’ fund raising advantage is likely to remain a deep structural feature of American politics. (Is it? I’m just guessing.) So long as they make any pretense to look out for the less fortunate, the more fortunate are, all other things being equal, going to be giving more to the other side. Serious reform of campaign finances seems to me to be in the long term interests of any left-leaning political party.

And then there’s this, which the right-wingers are talking about a lot recently, and everybody else not so much. I’m not sure what to make of it, or whether there’s something left out of this story that I don’t know about. But it certainly doesn’t look good, and that matters too.

I’m so happy about Obama’s big lead right now that I have to really work to care about this issue. And of course I’m only letting myself care now that he has a wide lead. But I’m guessing that some time in the not-too-distant future, I’ll find that caring about campaign finance issues comes much more naturally.