Money keeps talking.

• Author: Sanchez, Julian
• Position: Data

The Bipartisan Campaign Reform Act of 2002 was supposed to reduce the undemocratic, corrupting influence of money in politics, primarily by banning unlimited "soft money" contributions to political parties and regulating "electioneering communications," which used to be known colloquially as "political speech." So the elections of 2004 must have finally seen the moneychangers cast from the civic temple, right?

Not quite. Federal races last year saw an explosion in contributions to parties, to candidates, and to independent "527" groups that flooded the airwaves with ads more innovative and brazen than the relatively staid parties dared run.

Congress could, of course, admit that the law has failed and repeal the speech-squelching abomination. But since McConnell v. FEC made clear that the Supreme Court...