Today our country was officially sold out. In a 5-4 split along ideological lines, the Supreme Court gave corporations carte blanche to buy their politicians.
Overruling two important precedents about the First Amendment rights of corporations, a bitterly divided Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections.
The 5-to-4 decision was a vindication, the majority said, of the First Amendment’s most basic free speech principle — that the government has no business regulating political speech. The dissenters said that allowing corporate money to flood the political marketplace would corrupt democracy.
This all came out of a case on whether or not a corporation could pay to show an anti-Hillary movie on old school broadcast media. Apparently the Supremes haven’t been paying attention to video streaming sites like YouTube. The real issue is buying off politicians- it’s bad enough what the lobbyists spend:
A campaign finance watchdog’s analysis of insurance and HMO political contributions and lobbying expenses found the industries spent $126,430,438 over the first half of 2009 and $585,725,712 over the past two and a half years to influence public policy and elected officials. The group, Public Campaign Action Fund, found that in the first part of 2009, the industries were spending money at nearly a $700,000 a day clip to influence the political process and that the monthly pace of political spending this year has increased by nearly $400,000 over the average spent per month in the previous two years.
How are our interests protected by that kind of spending power- especially, when campaign costs keep escalating?
Greg and I have a real short 3 minute discussion on the subject:
What do you think of this latest decision?
I think we have the best politicians money can buy.