
Supreme Court eases restrictions on corporate campaign spending..
Washington (CNN) -- The Supreme Court has given big business, unions and nonprofits more power to spend freely in federal elections, a major turnaround that threatens a century of government efforts to regulate the power of corporations to bankroll American politics.
A 5-4 conservative majority crafted a narrow overhaul of federal campaign spending Thursday that could have an immediate effect on this year's congressional midterm elections. The justices eased long-standing restrictions on "independent spending" by corporations and unions in political campaigns.
This means that oil, health, pharmaceutical, etc companies will bombard media with their agenda during elections.. it will all be wrapped in a "disney movie" style package with the truth so far hidden that no one will know the difference..they will all too willingly jump in to steer the public away from anything that gets in the way of profit. Im sure drug companies are salivating. To put in perspective, Obama broke all records by raising 750 million dollars in 2007 and 2008. Exxon Mobil generated profits of $45 billion in 2008 alone. 2% of these profits could of been used to outspend the Obama campaign and fundamentally change the dynamic of the 08 election (LA Times.) Drill, Baby, Drill!!
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