LeftyFingerPop
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Thu Jan-21-10 08:24 PM
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Corporations will be allowed unlimited access to their operating funds to run political commercials supporting their candidate...the candidate who represents their interests as a business.
So, an investment bank will use their financial capital to support the candidate that favors deregulation and that favors unlimited bonuses for CEO's.
They will support the candidate who does not favor Wall Street reform.
They will support the candidate that allows hedge funds to ruthlessly manipulate the average investor by allowing the naked shorting of stocks and by allowing the uptick rule to remain dead.
They will support the candidate who will not heavily regulate derivatives.
You think we saw a financial mess last year?
You think the economy is bad now?
Just wait...
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phantom power
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Thu Jan-21-10 08:26 PM
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1. what could possibly go wrong? |
LeftyFingerPop
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Thu Jan-21-10 08:29 PM
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2. The SCOTUS ruling today has the potential to ruin this country |
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financially, and that is not an over reaction.
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Old Codger
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Thu Jan-21-10 08:31 PM
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Then is to redo all elections laws to reflect this fact, make all national elections at least publicly funded with no choice on the candidates part as to whether they wish to participate or not, public funding and only public funding with a set amount of any type of media advertisement PERIOD, no ifs ands or buts!
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LeftyFingerPop
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Thu Jan-21-10 08:32 PM
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Old Codger
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Thu Jan-21-10 09:30 PM
Response to Reply #4 |
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we are asking the fox to guard the henhouse....
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dgibby
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Thu Jan-21-10 10:08 PM
Response to Reply #3 |
14. It's too late for that. |
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The people who could change that have already been bought off by the corporations. Why would they want to bite the hand that feeds them?
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Old Codger
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Fri Jan-22-10 09:37 AM
Response to Reply #14 |
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we the people have been told to go away we are no longer relevant to the political processes of this country...
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SammyWinstonJack
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Thu Jan-21-10 08:32 PM
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tango-tee
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Fri Jan-22-10 01:52 AM
Response to Reply #5 |
18. Wait! I have an idea! |
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Why not take the next logical step? So that people won't have to take time off work to go and vote and worry about whom to vote for, why shouldn't the corporations also just vote in place of each employee? 10.000 employees - 10.000 votes! Ha. Easy.
Just in case :sarcasm:
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bluesbassman
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Thu Jan-21-10 08:38 PM
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6. You nailed it LFP. This is clearly judicial activism at it's worst. |
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Corp law needs to be overhauled to eliminate a corporation's ability to contribute to political activities in any manner. The potential for abuse far outweighs any benefit to society as a whole that allows this to comtinue.
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LeftyFingerPop
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Thu Jan-21-10 08:45 PM
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8. Agree, and here is the problem with LARGE corporations... |
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While a corporation does indeed consist of "people", it is not the working people withing the corporation who make the decisions.
The people who make the decisions are executive management and the Board of Directors.
Therefore, an extremely small number of people with their own personal financial interests will have undue influence on political process.
Some will argue that their fiduciary responsibilities to their employees and stockholders will prevent them from supporting a bad political direction, but we can all see how seriously these responsibilities were taken by looking at the recent economic collapse.
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bluesbassman
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Thu Jan-21-10 08:53 PM
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10. And factor in that many corps receive some form of PUBLIC assistance, |
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through tax exemptions, govt. contracts, etc., the use of corporate funds in these instances are being funded by ALL taxpayers whose interests certainly aren't all being represented.
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LeftyFingerPop
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Thu Jan-21-10 08:54 PM
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11. Yes...this is another worm in the can. n/t |
Flying Dream Blues
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Thu Jan-21-10 08:39 PM
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7. It's an embarrassment that things have come to this. nt |
BadgerKid
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Thu Jan-21-10 08:48 PM
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9. Concentration of wealth continues. |
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Edited on Thu Jan-21-10 08:48 PM by BadgerKid
This decision gives a way for a corp. to support a "candidate." Successful candidates will be part of the eco-political Inner Circle.
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pscot
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Thu Jan-21-10 08:56 PM
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12. And this will differ from what we now have |
LeftyFingerPop
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Thu Jan-21-10 10:23 PM
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17. Until this ruling, they were limited on the amount they could spend. n/t |
Individualist
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Thu Jan-21-10 10:09 PM
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15. More like Pandora's box than a can of worms. |
kohodog
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Thu Jan-21-10 10:11 PM
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16. Annie get your gun! n/t |
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Wed Apr 24th 2024, 08:03 PM
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