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Judge Schwab's legal analysis is thin. He spends nearly as much time making what appear to be political attacks on the president as he does evaluating actual legal matters. And what little legal analysis he does provide fails to cite key Supreme Court decisions that seem to contradict his conclusion.
The Supreme Court carved so many holes in campaign finance law that another hole can only allow but so much more money to leak out. Nevertheless, these changes could prove quite significant if one of the Court's five Republicans are replaced.