THE F.E.C. AND BLOGS — this seems like good news:

The Federal Election Commission decided Monday that the nation’s new campaign finance law will not apply to most political activity on the internet.

In a 6-0 vote, the commission decided to regulate only paid political ads placed on another person’s website.

The decision means that bloggers and online publications will not be covered by provisions of the new election law. Internet bloggers and individuals will therefore be able to use the internet to attack or support federal candidates without running afoul of campaign spending and contribution limits.

Adam Bonin — who did excellent work on this — calls it a “netroots win.” Mike Krempasky — who also did excellent work — observes: “This is a tremendous win for speech.”