High Court Eases Campaign Spending Limits

The supreme court has just dealt our democracy a death blow. America now officially belongs to the corporations.

in reference to:

"A major ruling Thursday by the U.S. Supreme Court could change how presidential and congressional elections are funded, possibly opening the floodgates of money from corporations, unions and other groups. The ruling is a blow to activists who have tried to limit the role of special interests in American politics. By a 5-4 vote, the court overturned a 20-year-old ruling that said corporations can be prohibited from using money from their general treasuries to pay for 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. It leaves in place a prohibition on direct contributions to candidates from corporations and unions. Critics of the stricter limits have argued that they amount to an unconstitutional restraint of free speech, and the court majority agreed. "The censorship we now confront is vast in its reach," Justice Anthony Kennedy said in his majority opinion, joined by his four more conservative colleagues. Strongly disagreeing, Justice John Paul Stevens said in his dissent, "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 justices also struck down part of the landmark McCain-Feingold campaign finance bill that barred union- and corporate-paid issue ads in the closing days of election campaigns. Advocates of strong campaign finance regulations have predicted that a court ruling against the limits would lead to a flood of corporate and union money in federal campaigns as early as November's congressional elections. The decision removes limits on independent expenditures that are not coordinated with candidates' campaigns."
- High Court Eases Campaign Spending Limits - CBS News (view on Google Sidewiki)