Frank Pallone: “First of all, he said that this Republican initiative is about creating jobs. Nothing could be further from the truth…”

“First of all, he said that this Republican initiative is about creating jobs. Nothing could be further from the truth, in my opinion. I've watched as the Republicans have been in the majority now for about 3 or 4 weeks, and they're not doing anything to create jobs. And this certainly doesn't create jobs. And then Mr. Dreier said that there can be no corporate contributions under the current law. Well, the Citizens United case clearly says that there are unlimited corporate contributions, and that's the problem. Rather than having public financing of campaigns--which this legislation would eliminate--we're going to have more and more corporations just spending millions and millions of dollars to finance campaigns. And that's what this is all about. This is the Republicans basically catering to special interests and the large corporations who will spend unlimited amounts of corporate money on campaigns, and not having in this case a public financing component through voluntary largely small donations. Now, I have to say this is a system that we have now that's been in place since Watergate.”