Supreme Court: No Limit on Corporate Spending on Elections
The Supreme Court has ruled corporations have the right to spend as much money as they like to influence the outcome of US elections. In a five-to-four decision, the court overturned century-old restrictions on corporations, unions and other interest groups from using their vast treasuries to advocate for a specific candidate. The majority opinion affirms corporations have First Amendment rights and that the government can’t limit their political speech. The decision has sparked widespread outrage amongst progressives and calls to have it reversed. This is Robert Weissman of the watchdog group Public Citizen.
Robert Weissman: “What we really need is to get the decision undone. If the court won’t reverse its own decision, the only course available to us is a constitutional amendment. We have to say the First Amendment exists to protect the rights of real people, of you and me, not artificial creations known as corporations, not for Exxon, not for Pfizer, not for Goldman Sachs.”
In a statement, President Obama called the ruling “a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans.”