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Friday, January 28, 2011

Guess What? Letting Corps. Make Anonymous Unfettered Political Donations Quadrupled Contributions!

A year ago, the Supreme Court ruled that corporations could not be banned from political spending during elections through either independent expenditures from corporations' general funds or "electioneering communications," i.e. political ads. Detractors cried out that it would let loose a flood of corporate cash into elections, and they were right. A new Public Citizen report shows that outside groups quadrupled their contributions during the last mid-term election from the previous, and we will never know exactly where a good deal of the money came from.

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