THE CAMPAIGN: What It Means to the Candidates

Who benefits most from the Supreme Court decision on campaign finances? Political analysts will probably be debating that one right up to Election Day. One conclusion is that, with the spending ceilings now lifted, the presidential candidates who are best off are those who have already raised the most money, such as Democrats Henry Jackson and George Wallace. The reasoning is that they could go right on collecting money beyond the $10 million spending limit on primary campaigns (plus $2 million to cover the costs of fund raising) and simply buy themselves a nomination.

The trouble with that theory is that...