Originally published on Tue August 7, 2012 1:31 pm
You wouldn't think politicians would have any trouble raising enough money these days. The presidential race is expected to be a billion-dollar affair, and spending records have been shattered at the congressional level.
With a not guilty verdict on one count and the jury deadlocked on five others, it appears John Edwards' federal trial on campaign-finance charges ended with a whimper, certainly from the Justice Department's point of view.
At first blush, it can be argued that how the trial of the former U.S. senator from North Carolina ended may do little to deter politicians. They'll still be able to go forward and rake in money from supporters and, with some sleight of hand, spend that cash on practically anything.
It might seem like the equivalent of trying to bail the ocean with a bucket but we now have another major race, the U.S. Senate race in Montana, in which the idea of a self-imposed truce by the candidates on superPAC money in the race has come up.
Sen. Jon Tester, a Democrat, sent a letter to Rep. Denny Rehberg, the Republican who seeks to unseat him, requesting a truce on outside money funding negative ads for their campaigns, meaning superPACs.