Campaign finance reform took a blow to the solar plexus with the Supreme Court’s ruling last week that corporations (not only U.S. but foreign corporations) can throw as much money into a campaign (candidate or cause) as they want. And John McCain shrugged.
As you remember in a sign of real bipartisanship Russ Feingold and John McCain authored the campaign finance reform bill which was to limit the amount of money a candidate could receive. Russ Feingold is seething and John McCain shrugged. He said, in spite of his party’s leaders praising the decision, “I am disappointed by the decision of the Supreme Court and the lifting of the limits on corporate and union spending.” In other words he “shrugged” it off.
While others namely Rep Leonard Boswell (D-Iowa) said about the ruling, “the (ruling) strikes at the very core of democracy in the United States by inflating the speech rights of large face-less corporations to the same level of hard-working every day Americans.” He proceeded to introduce a constitutional amendment opposing the court’s decision.
K Street on the other hand is quietly dancing in their situation rooms knowing that any restriction on expenditures is rendered very, very limited or non-existent (Mike Zolandz-Director of political practice at Sonnenschein Nath & Rosenthal LLP-a K St. lobbying firm)
But what I want to know is what’s up with Mr. Maverick? Is he or does he condone ‘special interest groups’ now? He does say that there maybe a backlash, but for now he “respects” the court’s decision. I wonder if he would have “respected” Dred Scott as well.
Money brings power and power corrupts and you know the rest…