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As it stands campaign finance is moderately regulated yet these regulations are rife with loopholes that allow anyone with sufficient know how and resources to unfairly influence an election I use the word influence because quite simply money talks I believe that current regulations are inadequate in the 2004 election alone over a billion dollars was squandered by the combined efforts of John Kerry and George Bush despite the existence of FECA and the McCain-Feingold Bill a ban on soft money While these laws are a step in the right direction theyre only that - a step Obviously campaign finance reform is still just a euphemism for financial waste when it comes to politics I believe that more guidelines stricter more thorough regulations and a possible adaptation of the European campaign system could combine to create an effective solution to the problems presented above without compromising free speech The more money that is involved in running for office the more influence that contributors - wealthy individuals companies labor unions interest groups - have over elected officials and public policy Whatever category the donor may fall into most share a common goal power and influence While the common contributor may only wish to see his or her candidate of choice elected the majority of major donors have an agenda Their generous contributions are an investment in politics and they want a return on this investment a return in the form of political sway in a platform based around their own beliefs Whether the contribution comes from an individual a special interest group or big business any sizeable donation is more than likely to have at least one string attached This practice is inherently unfair and not representative of Americans as a whole Groups who are willing to spend thousands even millions of dollars do not represent the average voter Campaign contributions are generally made by groups that share three things- wealth status and power Large-scale contributors
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