UPDATED: SCOTUS knocks down parts of McCain Feingold

In a 5-4 ruling the Supreme Court of the United States ruled that corporations (and that means Unions too) are free to spend whatever they want on campaign ads. The part of McCain Feingold that was affected was the part where corporations are not allowed to run ads in the closing days of a campaign.

I am not a fan of campaign finance reform.  Money is like quicksilver, you shut off contributions in one area and it simply flows to a new path. What would be far better reform, would be truth in advertising. So many of these campaign ads hide whom the real people are who are pushing these ads. With the use of PACs and advocacy groups, it is hard to tell who really is running the ad.  What I would like to see is at the beginning of a campaign ad a very clear and honest statement of who is running the ad. Not just telling me who the PAC or advocacy group is, but who really is paying for that ad.

Another thing I would like to see is on each candidate’s website, a clear list of all the corporations and groups they accepted money from with links to those groups or companies. This way you know exactly who is financing these jokers without having to dig for it. If someone could figure out how to do these things, then we could have some real reform.

Read the full details of the decision here.


UPDATE: The left goes crazy over SCOTUS ruling


Wow, when I posted this, I had no idea how much it would effect the left. They are screaming bloody murder over this ruling. I guess after spending a year bashing corporations, they know those corporations are going to bash them right back come November.  Sucks to be them. Just when the Democrats are about to face the toughest elections of their lives,  big business can now run a ton of campaign ads against them. 

Via: Memeorandum

Via: The New York Times