This Could Change Everything: SCOTUS to hear Citizens United v. FEC [View All]

[phantom power]

You’ve probably heard by now that next week the Supreme Court will break up its summer recess to hear argument, for the second time, in Citizens United v. FEC. You may have the sense that this doesn’t happen often and that something important is going on. If so, you’re right and then some.

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If the Court accepts this argument, it would do away with a distinction that has been in place in our Constitution since the Founding and our statutory law since the Tillman Act of 1907 (as explained in the brief CAC filed in Citizens United), and allow corporations to spend unlimited amounts of money in elections. To appreciate how scary this change would be, consider that, according to the FEC, the Republican and Democratic parties combined spent slightly more than $1.5 billion between January 1, 2007, and December 31, 2008, while Fortune Magazine reports that the 10 most profitable companies during the same period earned combined profits of over $350 billion. This contrast reveals that unleashing even a tiny fraction of corporate profits – from just a handful of companies – could overwhelm the campaign system with money that represents the narrowest interests of private, profit-driven entities.

http://digbysblog.blogspot.com/2009/09/this-could-change-everything-by-digby.html