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[Blank]-Feingold?

Two notes on the current push to revamp the presidential public-financing system:

1) Via Bob Bauer, we get a sense of how significant this push is. By radically increasing how much money candidates would get under public financing, this bill is attempting to make it almost impossible not to accept the cash. If your opponent's taking it, you'd better do the same. (Also see Bauer for how this is all just a step on the path to public financing of congressional races, which incumbent congressmen would just love.)

2) Note that one half of McCain-Feingold is absent from the current push. McCain, who can raise tons of private money -- remarkably, one has to note, for a "reformer" -- presumably wants to skip public financing. Feingold, who can't and who's involved in the current push, would be a direct beneficiary of the new system (talk about an appearance of corruption).

And so the campaign-finance-reform lobby keeps chugging along. Final destination: no speech allowed during federal elections, except for that granted by Congress and the president.