The Federal Election Commission and Blogging

Let me see if I can properly summarize the extreme right's loud position on the topic:

Blogs must be stopped because the little people - including the worst of the worst like non-fundamentalists, people of color, people earning less than $200K a year (who we think are just as bad as people of color), and people who don't worship Reagan's image on an altar in their living room - are able to share their opinions and mobilize like they matter (and they don't).

That about right?