It was going to be the congressional inquest of the decade. A journey deep into the addled soul of American politics. More FBI agents on board than tracked down John Dillinger. Enough big donors under oath to fill out a fund raiser. Even a man from Watergate swinging the gavel. It would be must-see TV: Big Fred Thompson and his Donorgate hearings.
But a month before the curtain is supposed to rise, the Senate hearings on campaign-finance abuse are shaping up like the movie Titanic, an ambitious production that Hollywood can't seem to bring to the screen. By last week Thompson,...