The Supreme Court has tossed out key restraints on political campaign support from Corporate sources.
As Fox News reported, In a stunning reversal of the nation's federal campaign finance laws, the Supreme Court ruled 5-4 Thursday that free-speech rights permit groups like corporations and labor unions to directly spend on political campaigns, prompting the White House to pledge "forceful" action to undercut the decision. Also in the ruling, The justices also struck down part of the landmark McCain-Feingold campaign finance bill that barred union- and corporate-paid issue ads in the closing days of election campaigns.
What does the Whitehouse have to say? Well, In a written statement, President Obama said the high court had "given a green light to a new stampede of special interest money in our politics." He called it a "major victory" for Wall Street, health insurance companies and other interests which would diminish the influence of Americans who give small donations. Obama pledged to "work immediately" with Congress to develop a "forceful response."
"The public interest requires nothing less," Obama said.
Has the President ever heard of Michael Moore? What about ACORN and SEIU?
No comments:
Post a Comment