"Last week, the Supreme Court reversed a century of law to open the floodgates for special interests – including foreign corporations – to spend without limit in our elections," Obama said.
This is a flat-out lie. And he knows it. If he doesn't know it, he needs to study or replace staffers who are misinforming him greatly.
Aside from that, corporations, companies, unions and groups have always been able to spend their dollars making adverts which either promote or decry political policies.
The Supreme Court majority was apparently unaware or unconcerned about the serious damage the Citizens United decision was going to do to the fundamental concept that we do not allow foreign countries and foreign entities to participate in our elections.
Under the Supreme Court decision, foreign countries, such as China (and its Sovereign Wealth Fund, the China Investment Corporation), foreign corporations and foreign individuals are now able to make campaign expenditures to directly support or oppose federal candidates, so long as these expenditures are made through foreign-controlled domestic corporations.
An existing statutory provision still explicitly prohibits foreign countries, foreign corporations and foreign individuals from making campaign contributions or expenditures to influence federal elections. This statutory prohibition, however, does not extend to contributions or expenditures made by foreign-controlled domestic corporations.
Until last weekÂ’s decision, such foreign-controlled domestic corporations were prohibited by the corporate expenditure ban from making expenditures to influence federal elections.
With the corporate expenditure ban now declared unconstitutional by the Citizens United decision, however, the door is open for domestic corporations controlled by foreign entities to run campaign ads, conduct direct mail campaigns and make other campaign expenditures to directly influence federal elections.
This dangerous loophole opened by the Court is one example of how the Supreme Court majority failed to recognize or understand the dangerous ramifications of its radical decision.
Supreme Court Decision in Citizens United Opens Huge Campaign Finance Loophole for Foreign Countries and other Foreign Entities to Participate in Federal Elections
No one's ever griped about that.
You have the audacity to speak for all? WHAT do you call the efforts over the years by citizens to get election finance reform passed and limit special interests influence on legislation?
Tell me, what do you ascribe over 100 years of judicial precedent? Was that precedent based on 100 years of wrong headed political 'ideology' by both political parties or the lessons learned and experience gained by generations of citizens and government?
Now they are also able to spend their dollars making adverts which either promote or decry political candidates.
A difference which makes no difference, is no difference and those who are opposed to this ruling have no leg to stand on at all and are merely grasping at straws, trying to deflect, dissemble and obfuscate.
To those opposed: You have no problem with issues-oriented advertising by corporations and unions, but DO have a problem with candidate-oriented advertising?
Can you not see how weak and contrived your argument is, yet?
If nothing changed, then why did the Supreme Court have to make a ruling? Your word 'contrived' perfectly applies to this ruling. Activist Supreme Court Justices with a political agenda reaching to make this ruling. The constitutionality of the corporate spending ban was never even raised by the plaintiffs in the lower court consideration of this case. Instead, the Justices, in essence, started the case themselves when, on their own, they ordered further briefing and argument on the constitutionality of the corporate spending ban.
"Harry Truman once said, 'There are 14 or 15 million Americans who have the resources to have representatives in Washington to protect their interests, and that the interests of the great mass of the other people - the 150 or 160 million - is the responsibility of the president of the United States, and I propose to fulfill it.'"
President John F. Kennedy