The last meaningful bipartisan legislation, McCain-Feingold, was passed in 2002 and it has been eviscerated, legislated against, and ignored ever since. Big Money’s undue influence on American economic spending and economic policy has been the result. The bailout of the Banks that started in 2008 was the real Insurrection in America and it happened quietly and without fanfare in a corporate board room. It created the $700 billion Troubled Asset Relief Program (TARP) to purchase toxic assets from banks. That would not have been an ideal solution to the economic crash, but it would have been better than what did happen, which was to give the money directly to the banks to bolster them and bail them out. Better alternatives were not considered.

The Emergency Economic Stabilization Act of 2008, often called the “bank bailout of 2008,” was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush.

Our money should not have been given to the banks as a reward for their intransigence. Many, including myself at the time (I am ashamed to say) bought into the lie that those Banks were “too big to fail”.

Our money should have been used to indemnify the American people, not the profit crazed banking system.

You may tell me that Big Money is merely exercising its Rights of Free Speech with those gigantic contributions to both the Republicans and the Democrats for their campaigns. We all know those out-sized contributions buy access and influence. It’s time to shut the Merry-Go-Round down!

If any candidate in the upcoming election takes up the legacy of McCain-Feingold, we should vote for him or her.

Proposed: Let’s bring McCain-Feingold back and put the brakes on the out-sized influence of Big Money on American politics and American government.

If an Amendment is needed, then we should pass one.