Thursday, February 4, 2010

Supreme Court Decides Corporations are People

In one of the worst decisions in Supreme Court history, last week the justices ruled to allow huge corporations -- American and foreign corporations as well -- to be infinitely better represented in Congress than American citizens. The decision turns back the clock on almost a century's worth of campaign finance regulation. The court held for the first time that a corporation is entitled to the same First Amendment protections for its electoral spending as an individual citizen.

Huge corporations may now spend an UNLIMITED amount of money in campaign ads to promote the candidate who will do whatever is in the best interest of the corporations. The decision will free up corporations to use their immense corporate wealth to flood federal elections and buy government influence. We will literally have the best Congress money can buy.

Insurance companies, banks, drug companies, energy companies and others will be free to each spend $5 million, $10 million, $200 million or more of corporate funds to elect or defeat a federal candidate.

Welcome to the United States of Exxon, Walmart and Bank of America.

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