Senator John McCain helped moderate the Thomson Reuters Politics, Inc. panel held on March 27, 2012. During which he mocked the fact that the Supreme Court deemed corporations are people and claimed campaign contribution limits are a joke. (March 27, 2012)
The only problem with frost or freeze spending a few million dollars. Gingrich's campaigns -- respect campaign. In youth U twenty amended by that spending that why not making permit him simply to give the money to. The former congressman's campaign. Because I believe this I've said in the principle behind McCain. Feingold bill was that money corrupts and there was reasonable restrictions and reasonable restraints. Against the amount of money that any individual and by the way now I'm glad to know that corporations are people that certainly turns. All ideas that they is on its head that. About corporations being different from individuals. So we now have a system where the campaign contribution limits certain. There are a joke yep registered Joe -- -- first response that I would say it's. If you look at the states is the best managed in the country the pew. Charitable trusts in governing magazine. Who raided the states for efficiency of operation and sound management. The eight states that had the top grades in the country five of them had no campaign contribution limits from individuals. Zero and -- the best managed states five of the eight and the top two. We're also states with no contribution limits that there's no evidence at at all that this limit on campaign contributions somehow. Cuts corruption. Or anything like that in fact here's some good anecdotal evidence that it cuts it because it lets the challengers have the money. To get rid of the inefficient and corrupt power politicians. But okay aren't in power right now I'm -- Only about 90% of these independent expenditures go to incumbents as we know so if you think if you're taking up the cause of the challenge here. Then that I -- that's not substantiated by the facts because the special interest support the incumbent who will vote their way. That's -- it's got how what is a percentage maybe send it. About nine you're 95% in -- -- -- -- so you're really supporting incumbent senator to the other thing that happens in states without contribution limits well governed or not. Is through the governor you get ten or fifteen guys together. And you say look here's what we need and you end up with -- -- going. Editor with Texas there's the one piece of that that I think is positive and I just want to see what what John thought that is if if the money went through individual campaigns. And we continued. Disclosure. Of individual contributions. And the identity of people. That might at least 61 of the bad problems with the super pacs which as John said is that. We don't know where this money comes from completely Irabu the scandal where I'm happy you're gonna be a lot of an early age my senate candidate -- -- -- and I didn't really -- -- as we're gonna end up finding that there are huge amounts of foreign money. Coming into our election system to game our system. -- -- John Paul did you have packed at the 401 -- is also -- -- house and senate senate -- citizens that first well it's clear that money from foreign nationals is illegal as we speak right now. So the notion if you have some evidence somewhere that born national monies coming -- I suggest you call the FBI and tell them because it -- in the past has been very aggressive and forced them. Do not believe there's any evidence of that anywhere in -- states that you've got it. Obviously you don't believe that money affects people's votes -- congress United States money effects. People's as I do but it's certainly may supporting so why money's coming from a -- they're not making money and let's Vegas they're making it in Macau. I don't think fifteen million dollars or. Twenty million from Macau. On our campaigns whether it be for Newt Gingrich -- for somebody else is a particularly salutary development. And that's why it's gonna take a scandal that's why it's gonna take a -- And then there will be one I and I can't I tell you right up there will be a scandal.