Chris Matthews: What do you make of the Super Pacs. You are McCain-Feingold. You are the classic guy that wants to clean up this business of politics. It’s not a business. It’s about our democracy.
What do you make about the fact the President is going to go to a billion-dollar campaign. The other party is going to a billion-dollar campaign and all this loose money coming in in big amounts. We used to call it soft money. Now it’s big Super Pac money.
Russ Feingold: I support the President for re-election. I’m a co-chair of his campaign. I made it clear I don’t agree with this. I think it’s a mistake for the President and his people to go down this road.
He is a person who really fights for the 99% and when you go and associate yourself with this kind of unlimited contributions, you are undercutting your message and you end up with something even worse. You’ll end up at the congressional level with corporate Democrats again as well as corporate Republicans.
We saw this movie before, before McCain and I banned soft money to the parties. You get trade agreements that ship our jobs overseas, consolidation of the media and the deregulation of Wall Street. This all comes when people end up raising this kind of money, and I think it’s a disaster for the country and I hope the President moves away from this approach.
He doesn’t need it. He can win without this unlimited money. People know who he is and know he’s doing a good job.
Transcribed by the Barefoot Accountant
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