Obama slams 'green light to a new stampede of special interest money'
WASHINGTON - In a landmark ruling, the U.S. Supreme Court on Thursday struck down laws that banned corporations from using their own money to support or oppose candidates for public office.
By 5-4 vote, the court overturned federal laws, in effect for decades, that prevented corporations from using their profits to buy political campaign ads. The decision, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states.
It leaves in place a ban prohibiting corporations and unions from directly contributing funds to candidates for any use.
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Big business might not be able to contribute to candidates but they certainly can buy advertising in any medium. Imagine Exxon, AFL-CIO or Microsoft purchasing air time on all networks during prime time to run smear campaigns against any candidate that is a threat to their interests. We will be stepping back in time to the days where people were being strong armed for their vote.
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