Sounds like he's taking a firm 1A stance against unConstitutional finance "reform" (after all he only signed it cause he thought scotus would invalidate it). From the article:
President Bush's re-election campaign and the sponsors of the 2002 campaign finance law sued the FEC last year, accusing it of failing to enforce the law and crack down on soft money spending, particularly in the presidential race. Those cases are pending in federal court.
Wups. Forgot the < /sarcasm > tag. Some Freepers don't get it unless you include one.