The national parties are likely to fare poorly under the new campaign-finance law. Here's why:
-- With access to large, unregulated contributions cut off, parties will have to spend more time and money eliciting small donations from individuals. That could lessen the parties' power.
-- Large donors will write checks to state parties instead of national committees. Since many state groups are more ideologically extreme, more partisanship in Washington could result.
-- New spending limits on getting out the vote and voter registration mean that unions and other special-interest groups could fill the void. Their contributions will explode, as will their sway.