All you need to know about campaign finance reform is that the politicians who say they want it have built their careers on clever exploitation of the status quo. In other words, it's just talk.
President Clinton, to name only one example of the political establishment's capacity for pretense in this matter, said he'll call a special session if the Senate ducks a vote this year on finance reform. But Democrats and Republicans have radically different definitions of reform. So, after some showy debate, votes and veto threats, the odds are that nothing will change.
Why would anything change? After all, Americans seem nearly as cynical about campaign finance reform as their leaders do. Public opinion still gives high approval ratings to Clinton, who won re-election after brazenly renting out the Lincoln Bedroom to fat-cat contributors. And this week, as the Justice Department began to investigate fund-raising via White House telephones, Clinton felt free to claim that even though he can't remember what he did, he's sure it complied with "the letter of the law."