Among other things, it only applies to the House and the Senate not to presidential campaigns. I think it probably would include presidential campaigns if they had the funding. And we already have full public financing for the general election campaigns. But I would like to say, first, that I think this is an important and positive development in a very long battle that's been going on. The Vice President has proposed broad reforms, but they start with immediate enactment of Senator McCain and Senator Feingold and Marty Meehan and Chris Shays' soft money ban.
Soft money is the most dangerous money in American politics today.
Secondly, the Vice President has said in this speech that, if elected, he would in effect use all of the powers of the office of the presidency to fight this battle. Now, no president has ever done that before. That's the next critical point. The Vice President clearly has credibility problems here. He's got credibility problems in terms of his own campaign finance problems, the campaign finance abuses of this administration, and the fact that President Clinton made a similar commitment at least of a top priority without fulfilling it.