Analysis: High court ruling a game-changer for campaign spending
...[T]he first task for every federal candidate in this midterm election year will be to read the Supreme Court's ruling Thursday on campaign finance for a reality-check road map to their political future. The 183-page decision promises to completely change the way independent spending on elections is conducted.
In Citizens v. Federal Election Commission, the justices in a large sense have erased the subtle but important distinction between corporate donors, which are subject to regulation, and individual donors, who largely are not.
"It's about money," said Lawrence Noble, former general counsel of the Federal Election Commission and a national expert on campaign spending. "It's about free speech and it's about the ability of corporations to influence elections through the use of their treasury money."
The FEC will now be tasked with taking this high court opinion and crafting new rules to ease limits on corporate spending. The big winners will be businesses, unions and advocacy groups seeking to influence the elections, mainly through what are called "issue ads." Other beneficiaries will be television networks like CNN and radio stations that regularly air these campaign commercials ....
If you thought that the government bailing out big banks was nauseating (I certainly did), get ready for the final merger of our large federal juggernaut merging with General Electric, CitiBank, and the rest. Get ready for a Congress and White House that is of, by and for the corporate interest.
And get ready for the Red Chinese Army and every other international entity that controls a multi-national corporation to have major input into American politics, or as Republican Justice John Paul Stevens put it:
"Under today's decision, multinational corporations controlled by foreign governments" would have the same rights as Americans to spend money to tilt U.S. elections ...
The threat against which President Theodore Roosevelt fought a century ago has now come to pass. The Fortune 500 will now have an ever LARGER influence over every aspect of the U.S. Government and American life, for companies are "people", with freedom of speech, rights of privacy, all those wonderful constitutional guarantees that individual citizens have far less of.
One corporation. One government. It's gonna be a good time.
(And I couldn't think of a prettier topic for our 3000th post ...)