News - jds: The House Representatives voted 219-206 today [Thursday] to approve a campaign finance bill designed to increase disclosure requirements for corporate and union spending on political campaigns in an effort to counter a January 21st Supreme Court decision that overturned spending limits for corporations and unions in a decision that established corporate political speech as [Constitutionally] protected speech.
The bill will now go to the Senate where it is expected to experience the death it it so richly deserves.
Looking back to Obama's first State of the Union address on January 27th, just six days after this High Court decision, we remember his angry pointing of the finger (similar to "giving the finger") at the Supreme Court justices sitting on the front rows of the House. Few miss the point of his anger, however.
In late fall, 2009, Bloomberg Financial took a survey of Wall Street executives and found that a startling 77% believed Obama to be anti- business. Obama had spend an entire year "thugging" these executives, threatening their wages and bonuses, talking about corporate take-overs, suspending the primary stockholders contracted dividends and generally using "Big Business" as his whipping boy in his Declaration of Class Warfare. These corporations were helpless against such an onslaught --------------- until January 21, 2010. Suddenly, they have some power - the power of the purse. Before, they had nothing.
Obama was angry that , suddenly, these corporations have become players in the coming election. He wanted to be the only one with money to spend in the coming election cycle.
Understand that the previous record for campaign spending was somewhere around $340 million dollars. McCain came close to that record with a collection of $330 million. collected %770 million, and some believe his collections were closer to one billion dollars. While McCain released all of his donors names, including those who gave less than $200 each, Obama refused to release his collections list for approximately $400 million .
No comments:
Post a Comment