The President is taking his lumps out there from the right regarding his call for 527 ads to end. I think I see the political gambit though:
a) Kerry folks will WAY outspend Bush partisans on 527 ads in the next 60 days, and hence
b) Bush wants to harangue Kerry into denouncing the 527s on his side. (as if...)
So I find myself not wanting to get into the President's kitchen about this, though I agree with most right of center opinion I have heard, which is that there should be NO RESTRICTIONS on political speech.
American RealPolitik: Bush vs. Free Speech