On Friday night, Liberal Party Deputy Leader Michael Ignatieff spoke at a dinner in Toronto held to raise money to help pay down the debt incurred during his oh-so-close run for the Liberal leadership. This line in his speech jumped out:
In 2006, we ran a national leadership campaign in the world’s second largest democracy—by geographic size—for a little over 2 million dollars, and we did it with a wider base of donors than any other candidate. What we spent over eight months, Barak Obama spends in a single day.The campaign finance reforms initiated first by Prime Minister Jean Chrétien and then improved upon by Prime Minister Stephen Harper prove that it is possible to have a vibrant and democratic political culture, in which free speech rights are preserved, without the distorting effects of "Big Money" in the life of the state. A Conservative cabinet minister told me over a drink late last week that he heartily concurs with these reforms: "If you were to go to Calgary and meet with the CEOs of a dozen big oil companies and you knew that each of them had given your campaign $100,000, you don't think that would make a difference? Any one who tells you it wouldn't is lying."

