Friday, January 29, 2010

Supreme Court ruling on corporate political contributions

For years Americans have heard conservatives claim they are strict constructionists, but the the recent Supreme Court ruling on corporate political contributions was about as activist a ruling Rightardia has ever heard.

Rightardia searched the Constitution for the words: free enterprise, corporation,  and private property at The only hits we got were on private property:

Amendment 5 - Trial and Punishment, Compensation for Takings. was Ratified 12/15/1791. It states: No person shall be . . . deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

That is all the US Constitution says about corporations, free enterprise or private property.

Rightard Whitey was recently driving to the bank when he spotted a Tea Bagger SUV sporting the following: I don't need to read the the health care bill. the US government needs to read the US Constitution. Really?

Conservatives may believe this, but what in the Constitution says private corporations must have exclusive jurisdiction over the US health care system? What in the US Constitution proscribes the federal government from regulating health care?

Unless conservatives can provide a legal basis for the belief the Constitition prohibits the government from regulating health care, they should simply STFU.

The Congress needs to take action on the Suprme Court ruling to prevent the US from sliding into fascism.  Corporatism and fascism are synonymous.
Representative Alan Grayson has been one the most forceful voices in responding to this crisis. He has introduced a number of bills as part of a "Save Our Democracy" initiative to blunt some of the worst implications of the Supreme Court's decision.
  1. The Business Should Mind Its Own Business Act (H.R. 4431): Implements a 500% excise tax on corporate contributions to political committees, and on corporate expenditures on political advocacy campaigns.
  2. The Public Company Responsibility Act (H.R. 4435): Prevents companies making political contributions and expenditures from trading their stock on national exchanges.
  3. The End Political Kickbacks Act (H.R. 4434): Prevents for-profit corporations that receive government money from making political contributions, and limits the amount that employees of those companies can contribute.
  4. The Corporate Propaganda Sunshine Act (H.R. 4432): Requires publicly traded companies to disclose in SEC filings money used for the purpose of influencing public opinion, rather than for promoting their products and services.
  5. The Ending Corporate Collusion Act (H.R. 4433): Applies antitrust law to industry PACs.
  6. The End the Hijacking of Shareholder Funds Act (H.R. 4487): This bill requires the approval of a majority of a public company's shareholders for any expenditure by that company to influence public opinion on matters not related to the company's products or services. 
Rightardia is a big fan of Alan Grayson.  The Supreme Court ruling needs to be immediately blunted with a new law. By the time the new law is challenged in court, perhaps one of the conservative justices will have retired or passed away.

source: CREDO

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