Campaign finance

Definition and stakes

William Jefferson Clinton,  Presidential Radio Address (1993)

“ Unless we change fundamentally the way campaigns are financed, everything else we seek to do to improve the lives of our people will be much harder to achieve. Economic reform and reform of the political system go hand-in-hand. It's time to curb the role of special interests and to empower average citizens in the way our country is governed.
Yesterday I announced a comprehensive campaign finance reform proposal, a proposal to reform the political process, restore faith in our democracy, and ensure once again that the voice of the people is heard over the voices of special interests.
”
Source: Wikisource

William Jefferson Clinton,  Presidential Radio Address (1997)

“ The campaign finance system we have now, which is over 20 years old, has simply been overwhelmed by the rising cost of campaigns, largely advertising and other communication costs, and the flood of campaign cash required to meet those costs. The amount of money raised by both political parties now doubles every 4 years. And the candidates themselves are caught up in a fundraising arms race, spending more and more time raising more and more money, which is bound to raise more questions in the public's mind. ”
Source: Wikisource

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