Here are those “Fred loved McCain-Feingold” clips that Jennifer mentioned. It’s striking to note that at one point the act actually was called “McCain-Feingold-Thompson.”

John Fund talked to Thompson about this issue in March:

Many on the right remain angry Mr. Thompson supported the campaign finance law sponsored by his friend, John McCain. “There are problems with people giving politicians large sums of money and then asking them to pass legislation,” Mr. Thompson says. Still, he notes he proposed the amendment to raise the $1,000 per person “hard money” federal contribution limit. Conceding that McCain-Feingold hasn’t worked as intended, and is being riddled with new loopholes, he throws his hands open in exasperation. “I’m not prepared to go there yet, but I wonder if we shouldn’t just take off the limits and have full disclosure with harsh penalties for not reporting everything on the Internet immediately.”

It’s time for Thompson to figure out where exactly he is “prepared to go.”