The New Money Game

Issue ads are the parties' latest ploy for skirting campaign-finance laws

Not so long ago, re-election looked like a breeze for New Jersey Representative Frank Pallone. A six-term Congressman in a district that tilts Democratic, he won his last two races handily with more than 60% of the vote. But this month an outfit called Americans for Job Security--in reality a front group led by large insurance companies furious with Pallone for heading the charge for managed-care reform--unveiled an anti-Pallone "issue ad": the TV spot blasts Pallone's positions without explicitly advocating his defeat. Among other things, it accuses him of voting to raid the Social Security trust fund to pay for welfare....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!