Supreme Court overturns corporate campaign spending ban
It's hard to overestimate the impact that the Supreme Court's reversal of a two-decade-old ban on corporate independent expenditures in campaigns will have on the political landscape in 2010 and beyond.
The ruling, long anticipated and issued this morning, will allow corporations as well as labor unions to spend freely on television ads -- and other forms of direct advocacy -- for or against a candidate's election. The Court also overturned a prohibition on corporations and labor unions running so-called "issue" ads -- commercials that do not expressly advocate for the election or defeat of a candidate -- in the final weeks of a campaign.
"This is a sweeping decision, period," said Marc Elias, a Democratic election lawyer. "In one opinion the Court struck down all limits on independent expenditures directly from corporations."
The appointing of so many conservatives to the bench is definitely having it's impact. Thanks Amerika, for the Reagan, Bush, Bush years... what a disappointment.