California Future Fund for Free Markets is breaking the irony barrier with an ad supporting Proposition 32, which purports to ban special interest money from state politics. The ad criticizes “deals cut in the shadows,” but CFFFM is funded entirely by a single $4 million donation from a similarly shadowy Iowa group that does not disclose donors but has ties to the Koch brothers. This hypocrisy has substantive implications as well: Prop 32 claims to end special interest spending in California politics, but leaves gaping loopholes for the billionaires who are funding the effort while cracking down much more tightly on union political spending.

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