The Supreme Court has just removed campaign donation restrictions on corporations:
The Supreme Court has ruled that corporations may spend freely to support or oppose candidates for president and Congress, easing decades-old limits on their participation in federal campaigns.
By a 5-4 vote, the court on Thursday overturned a 20-year-old ruling that said corporations can be prohibited from using money from their general treasuries to pay for their own campaign ads. The decision, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states.
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However, Justice John Paul Stevens, dissenting from the main holding, said, “The court’s ruling threatens to undermine the integrity of elected institutions around the nation.”
Justices Ruth Bader Ginsburg, Stephen Breyer and Sonia Sotomayor joined Stevens’ dissent, parts of which he read aloud in the courtroom.
The conservatives on the court seem hell bent on transferring the power from the people to corporate America. The Democrats have said they will put through new restrictions, but I highly doubt it. They are caving to everything right now and why should this be any different. I’m sure if a bill hits the Senate then Harry Reid will just buckle as usual.