last month, the Supreme Court ruled that corporations, U.S. or multinational, are equivalent to people and should be able to spend an unlimited amount of company money on political campaigns. I bet the framers of our constitution could not only tell the difference between businesses and people, but could predict the result if businesses are permitted to spend without limit to elect their favorite politicians. The top three Fortune 500 companies brought in an average profit of more than $27 billion last year. The average Ohio household brought home an income of about $48,000. If you believe our government should be by the people and for the people--flesh and blood people--then corporations already have far more influence on our political process than they should. In 2009, corporations spent $3.3 billion lobbying Congress to influence insurance legislation and prescription drug legislation and financial reform legislation and the list goes on. Now they will be able to spend unlimited funds to elect their favorite candidates to Congress, getting in on the ground floor in the hopes that legislation they don't like will never see the light of day. Grassroots organizations like, conservative organization and Families USA, whose members are real people with real concerns, will be left in the dust by the drug industry and other deep pocketed special interests. The bottom-line is that our democratic form of government will sit on a cushion of corporate cash.
Editor's note · Context
The speaker addresses the impact of a Supreme Court ruling on corporate spending in political campaigns.
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