Posted by Jesse Lee on September 18, 2010 at 6:00 AM EDT
The President explains how the most dire warnings about the Citizens United case have been proven valid as Republicans in Congress have blocked legislation to fix it.
When the Supreme Court ruled in faor of Citizens United, it emboldened the corporatists in the US. the McCain-Feingold Act had bipartisan support and the was passed to:
- The increased role of soft money in campaign financing, by prohibiting national political party committees from raising or spending any funds not subject to federal limits, even for state and local races or issue discussion.
- The proliferation of issue advocacy ads, by defining as "electioneering communications" broadcast ads that name a federal candidate within 30 days of a primary or caucus or 60 days of a general election, and prohibiting any such ad paid for by a corporation (including non-profit issue organizations such as Right to Life or the Environmental Defense Fund) or paid for by an unincorporated entity using any corporate or union general treasury funds.
It also fails to overturn the ban on political donations by foreign corporations and the prohibition on any involvement by foreign nationals in decisions regarding political spending by U.S. subsidiaries.)
source: Wikipedia
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