President is right: foreign-controlled corporations could influence our elections

Discussion in 'Politics' started by Bfgrn, Jan 28, 2010.

  1. Bfgrn
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    Bfgrn Gold Member

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    A senior administration official told POLITICO on Thursday morning: “There is a loophole that we need to address and are working with Congress to address. There are U.S. subsidiaries of foreign-controlled corporations that could influence our elections because of this ruling."

    The issue was raised by Justice John Paul Stevens in his dissent in the case, Citizens United v. Federal Election Commission: “It would appear to afford the same protection to multinational corporations controlled by foreigners as to individual Americans.”

    Stevens continued: “The Court all but confesses that a categorical approach to speaker identity is untenable when it acknowledges that Congress might be allowed to take measures aimed at preventing foreign individuals or associations from influencing our Nation’s political process. … Such measures have been a part of U.S. campaign finance law for many years. The notion that Congress might lack the authority to distinguish foreigners from citizens in the regulation of electioneering would certainly have surprised the Framers.”

    Read more: White House: Obama is right about Supreme Court decision - Mike Allen and Andy Barr - POLITICO.com
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Lets see......

    We can have the Saudis help determine our energy policy
    China can help establish our export policy
    Mexico can set our immigration policy


    Thanks Supreme Court
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Somebody get Charlie Trie, John Huang and Roger Tamraz on the horn, PDQ!
     
  4. Bfgrn
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    Bfgrn Gold Member

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    The Robes...Unintended consequences of radical activist legislating from the bench

    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.

    More...
     
  5. manu1959
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    manu1959 Left Coast Isolationist

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    they already do......at least we will have a written record of it now.....all kidding aside....before mccain fiengold they could do it.....why the outrage now....
     
  6. Zona
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    Zona A guy in ariZONA

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    Lets get local..united health care caninfluence any health care policy.

    How the hell does this help us? How is a corporation a person?

    Damn this is just bad.
     
  7. Zona
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    Zona A guy in ariZONA

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    PDQ? How old are you...?

    Did you and your dame go out and cut a rug last weekend at the speakeasy? :lol:
     
  8. Annie
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    Annie Diamond Member

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    Wow, a senior administration official agrees with Obama, who knew that pigs could fly?

    President Wrong on Citizens United Case - Bradley A. Smith - The Corner on National Review Online

     
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  9. Political Junky
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    Political Junky Gold Member

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    Corporatism is alive and well in the US.
     
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  10. Bfgrn
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    Bfgrn Gold Member

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    WOW Annie...the President probably just talked to Gibbs and Emanuel and fired off a press release...I'm sure the President of the United States doesn't have access to any competent lawyers...

    Gee, all the President of the United States had to do is call THIS guy...

    Bradley A. Smith (born 1958) is a former Commissioner, Vice Chairman and Chairman of the Federal Election Commission (FEC) and currently serves as the Josiah H. Blackmore II/Shirley M. Nault Designated Professor of Law at Capital University Law School in Columbus, Ohio

    Post-FEC career
    After leaving the FEC, Smith returned to teaching at Capital University, and founded a non-profit organization, the Center for Competitive Politics, to promote deregulation of campaign finance.
     

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