Court decision opens floodgates for corporate political spending — The Supreme Court on Thursday opened wide new avenues for big-moneyed interests to pour money into politics in a decision that could have a major influence on the 2010 midterm elections and President Barack Obama's 2012 reelection campaign.
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Yes, the Supreme Court has reversed a law dating back to 1907 restricting corporate donations to various politicians. We do not believe corporations receiving federal funding for salaries and/or operational funds should be allowed to influence any election via donations or endorsements. The Court would disagree.
Humorous? Yes. Is there anyone who believes there have ever been limits on donations? Contrary to popular belief, there will be no increase in available funding for use in the political process because of this court decision. Before the last election, the record outlay for a presidential campaign was in the $350 million range. With Obama, that increased to nearly $800 million, proving our claim. Keep in mind that this record abuse of the funding process came on the heels of the 2002 McCain/Feingold finance reform bill. In the end, Obama refused to honor the spirit of that law and continues to hide the identities of those who donated over $400 million in campaign donations.
Thank God we have the popular vote or us poor people would have no place in the political process at all.
Update: understand that we are not against this recent Supreme Court decision. In fact, the decision does much to prevent the Dem's planned assault on conservative talk radio. The Court has decided that "corporate speech" is protected speech. Here is a statement from the court with regard to its decision:
From Justice Kennedy:
When Government seeks to use its full power, including the criminal law, to command where a person may get his or her information or what distrusted source he or she may not hear, it uses censorship to control thought. This is unlawful. The First Amendment confirms the freedom to think for ourselves.
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