Nation: Penny-Pinching Politics

Under the new rules, even the richest candidates go broke

"An abomination," says Richard Viguerie, a fund raiser for John Connally. "Absolutely counterproductive," echoes Larry Pryor, an aide to Jerry Brown. "An overreaction to the Nixon campaign," says Morris Dees, chief fund raiser for Ted Kennedy.

The target of this abuse is not a candidate or a presidential policy but a federal law that these aides agree has seriously impeded their fund raising and has hurt their candidates. All three campaigns, in fact, are close to going broke.

Kennedy's aides have just been put on half...

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