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COPYRIGHT 2004 Investor's Business Daily, Inc.
Campaigns: The '04 elections showed that money, like water, seeks its own level, and that while McCain-Feingold should be repealed, the law of unintended consequences cannot.
In the wake of independent 527 groups being able to run rings around McCain-Feingold and its attempt to drive soft money out of politics, Sen. John McCain has announced he will introduce a new bill, meant to fix the "loopholes" in the McCain-Feingold campaign finance reform bill.
But money is like river water. If...
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