Foreign corporations can now buy our elections

Discussion in 'Politics' started by Chris, Jan 26, 2010.

  1. Chris
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    Chris Gold Member

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    Will the Citizens United Ruling Let Hugo Chavez and King Abdullah Buy U.S. Elections?

    Supreme Court Ruling May Open Door to Foreign State-Owned Corporate Political Spending

    By Aaron Mehta and Josh Israel | January 22, 2010

    While political observers have dissected much of yesterday’s 5-4 Supreme Court ruling in the Citizens United v. Federal Election Commission, one potentially huge (and probably unintended) consequence has gotten little notice: the impact the decision could have on foreign government spending on federal campaigns.

    The ruling essentially gives corporations the same rights as individuals in their ability to spend freely on political advertising, even if those advertisements explicitly advocate the election or defeat of a federal candidate. This means that candidates who support, say, increased restrictions on tobacco products could find themselves up against the corporate treasury of say, a major American tobacco company. And even the fear of $10 million in attack ads blanketing the airways come re-election time may give sitting legislators pause before taking on moneyed industries.

    But it’s one thing for U.S. firms to have their say. What about foreign companies that operate U.S. subsidiaries? Many of these, like American businesses, are owned by ordinary shareholders — but a host of others are owned, in whole or in part, by the foreign governments themselves.

    One prominent examples is CITGO Petroleum Company — once the American-born Cities Services Company, but purchased in 1990 by the Venezuelan government-owned Petróleos de Venezuela S.A. The Citizens United ruling could conceivably allow Venezuelan President Hugo Chavez, who has sharply criticized both of the past two U.S. presidents, to spend government funds to defeat an American political candidate, just by having CITGO buy TV ads bashing his target.

    And it’s not just Chavez. The Saudi government owns Houston’s Saudi Refining Company and half of Motiva Enterprises. Lenovo, which bought IBM’s PC assets in 2004, is partially owned by the Chinese government’s Chinese Academy of Sciences. And Singapore’s APL Limited operates several U.S. port operations. A weakening of the limit on corporate giving could mean China, Saudi Arabia, Singapore, and any other country that owns companies that operate in the U.S. could also have significant sway in American electioneering.

    The Center for Public Integrity | Latest from the Center - Will the Citizens United Ruling Let Hugo Chavez and King Abdullah Buy U.S. Elections?
     
  2. uscitizen
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    uscitizen Senior Member

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    LMAO, so they are just catching on now? Ohh that is dated Friday. It takes some a while to realize they should listen to me.
     
  3. Chris
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    Chris Gold Member

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    Where is the outrage on the right?

    Oh, yea, they don't care what happens to America.
     
  4. ihopehefails
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    ihopehefails BANNED

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    You guys keep missing the point about this ruling. Congress is forbidden to ban the speech of anything in any law that they pass. That includes foreign corporations and citizens because if you were really concerned about foriegn influence you would wondered why the entire world spent their time trying to usher in Obama's grand light in the universe.

    They are even forbidden from doing that when it is for a good reason such as banning KKK propaganda or corp influence.
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    How much did George Soros pay you for your vote, dimwit?
     
  6. Chris
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    Chris Gold Member

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    No, you are missing the point.

    Corporate influence on our government is the biggest problem that America faces.

    It's the reason our economy collapsed and the reason we have the most expensive healthcare system in the world.

    Now the biggest problem we face will get even worst.
     
  7. Toro
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    Toro Diamond Member

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    Soros is an American.

    Near as I can tell, American millionaires and billionaires have a long history of buying elections. And usually, they aren't on the left.
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Nobody has to buy any election.

    The demopublicraticans have been willing accomplices for decades now.

    The notion that last week's SCOTUS ruling can make this situation any worse is for paranoid bedwetting dweebs, who still believe that there are monsters under their beds.
     
  9. code1211
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    code1211 Senior Member

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    That has little or nothing to do with campaign ads. Corporate contributions to politics is almost exactly equally divided between the two major parties.

    Union contributions, however, favor Dems by a margin of 92 to 8.

    You once again confuse the topic you want something to relate to to what it actually relates to. The problems with laws that are unwise but still hanging in there, like the lack of tort reform and the obsolete state control of insurance, are maintained by political payoffs to our bribe-driven elected officials.

    Our problem is not with a newspaper ad in a future fish wrapping, it is with the institutionalized theft by our corrupt and self perpetuating thugs who encourage and cradle the lobbyists who provide them with the graft they demand.

    They invite the lobbyists, pull them into bidding wars, sell their vote to the highest bidder, have no conscience, no morals, no scruples and no loyalty to the voters.

    You blame a newspaper ad for that?
     
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  10. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    So now a Chinese Corporation can now buy your Senator or Congressman. The Saudis can now buy your Governor

    Aren't conservative courts great?
     

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