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At the Center for Competitive Politics, which is a leading champion for the equating of speech and money in politics, is an interesting commentary that the McCain-Feingold Bipartisan Campaign Finance Reform Act has resulted in the weakening of the influence of the two major Parties. Money is diverted to third-party groups that may have different agendas than Party leadership.
I think this is a good thing and levels the playing field for other points of view.