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February 02, 2010

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Consider the obviousness (Is that a word? It ought to be.) of Jack Lessenberry's premise: that unlimited private funding of electioneering is bad, it leads to public corruption, and at a minimum, it leads to enrenched incumbents, machining sepcial-interest legislation out or special-interest money. Public financing of campaigns and limitations on donations and the funding of electioneering is the one way to cure all of that.

It sounds great, doesn't it? One of those things, like global warming, where, when enough pundits say it, intoning the acepted wisdom of "most experts agree that," it's hard not to believe it.

Except when it isn't true, and is measurably untrue. Freakanomics, meet election campaigns.

From Professor Brad Smith of the Capital University School of Law; the reason why none of what Jack Lessenberry has been moaning about (like, uh, more free speech) makes any sense:

http://nationalaffairs.com/publications/detail/the-myth-of-campaign-finance-reform

re: Anonymous above. Are you kidding with these "citations?" Puleeeez, what about quoting health care reform suggestions the Grenada School of Medicine?

Regrettably, Professor Smith might not have the election law credentials of Bob Martel.

Professor Brad Smith has only a B.A., cum laude, from Kalamazoo College, a J.D., cum laude, from the Harvard Law School, and experience as a Federal Election Commissioner (nominated by President Clinton, to a nominally Republican seat) from 2000-2005, serving as Chairman in 2004. And too many academic achievements and publications to list here.

Here is Professor Smith's Capital University biography page:

http://www.law.capital.edu/Faculty/Bios/bsmith.asp

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