The editorial boards the Washington Post and the New York Times are none too pleased with the Supreme Court ruling against the Millionaire's Amendment provision in BCRA that provided rescue funds to candidates facing wealthy, self-financing opponents. Read on for excerpts from the editorials.

In a 5-4 split the Supreme Court delivered another very conservative campaign finance decision yesterday, ruling the "Millionaires' Amendment" provision of the Bipartisan Campaign Finance Reform (BRCA) law unconstitutional. While its impossible to say what the full implications of this decision are, its clear the Court is no friend to laws that seek to limit the influence of private money on our elections.

Deborah Goldberg begins this article in The Nation parsing the recent Supreme Court decisions on political advertising and arguing that while disclosure requirements are all well and good, full public financing of campaigns is the ultimate answer to the battles both in court, and in the public sphere, about the best way to regulate campaign finance.

Nathan Newman at TPM Cafe contends that the recent Supreme Court decision on campaign ads by corporations and unions has effectively made Clean Elections the only "game in town" when it comes to a viable campaign finance proposal: "By enhancing the speech of publicly financed candidates, rather than restricting spending of their opponents, clean elections achieves the same purpose of limiting the disproportionate power of corporate interests without running afoul of Supreme Court legal limits." Read more here.

Big news from the Supreme Court yesterday which decided on a 5-4 vote to loosen certain regulations established under the Bipartisan Campaign Reform Act (BCRA, better known as the McCain-Feingold Act) to allow corporations and unions to air ads that mention a candidate's name right up to election day. It  likely means a larger influx of money from groups that traditionally run these ads, perhaps leading to a more expensive elections cycle.

On NPR this morning, Nina Totenberg covered a speech by retired Supreme Court Justice Sandra Day O'Connor in which she took DeLay to task, not by name but by deed. Here's a partial transcript, courtesy of Raw Story:And then she took aim at f...