The McCain-Feingold campaign finance bill was not John McCain’s finest hour. John Lott makes a good point about the utter hypocrisy of it all in connection with the Clintons’ recent loan to Hillary’s cash-strapped campaign:

Former President Clinton stands to reap around $20 million — and will sever a politically sensitive partnership tie to Dubai — by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle. . . .
Obviously Clinton has gotten a lot of money from other sources, so there is no need to single out Burkle, but Burkle obviously can’t donate $10 or $12 million to Clinton’s campaign. Yet, if he pays Clinton for work that isn’t very obvious, Clinton can then turn around and spend it on a campaign. Does it really matter that Burkle can’t give the money directly to Clinton?