Not in the slightest. With this law change, Stephen Colbert will have a legitimate shot at the presidency.
Have we as Americans just experienced a coup in plain site?Last week, in Citizens United v. FEC, the Supreme Court struck down a provision of federal election law that forbids corporations and unions from spending their general treasury funds to support or oppose candidates for federal office. The ruling is significant in its own right, but may be more important still for what it portends about the Supreme Court's placid acceptance of money's influence on politics.
In reaching its decision, the high court expressly overruled two of its precedents, one of them decided only seven years ago. With the Court showing such little regard for its own case law governing regulation of corporate speech, one may legitimately wonder whether Citizens United is merely the first step on the road to the judicial invalidation of all campaign-finance regulation. After all, most of the Justices in the 5-4 majority in Citizens United have previously criticized Buckley v. Valeo—the 1976 ruling that established the modern framework for evaluating such regulation—on the ground that it permits too much regulation of campaign finance.
With no limits, corporations can dump so much money on ads for the candidates of their choice that they are basically hand picking our representatives.
In a perfect world, people would ignore all of the nonsense TV and radio ads that we are pelted with at election time and instead we would do our own research and come to our own conclusions on the best candidates, but unfortunately most people are more interested in Jon & Kate plus 8, than the political system .
This ruling makes it more clear than ever that money=power.
Folks, Are we as citizens screwed?
Only if there is a corporation out there that benefits from Colbert being president
He raised something like $300k for the US Speed Skating team because they were going to disband due to lack of funds. Colbert is a money machine and if he asks people to give him money... they willl. Dude is a hero lol
My fear is that a giant corporation like Exxon gets behind a candidate. A company that size could easily drop hundreds of millions of dollars into the political system without even feeling it.
With the declining tv base, and the channel surfing, I really don't think it'll matter too terribly much. People decide by party, and the Scott Brown victory shows that they're wising up to that.
And if there is a coup, there's always Europe...
What this means to me is that the real cost of our consumption will continue to be deferred to greed and fear. When the oligarchs run unregulated they commonly replace populist values with those sustaining they're own financial power.
I think the coup in this country occured a long time ago with the establishment of the Federal Reserve; but was strongly reinforced in September 2008; the final legacy of the a horrifically weak President and a Congress on the take. The new administration hasn't done anything to change this. I don't think it has the will nor the means to do so.
At least a person can retain some core human rights as an individual, if you don't screw up. If you do, the system will own you and show little mercy.
This was a horrible choice by the supreme court. Big business will now throw money into comercials and law makers. People believe TV ad's they don't do research. These silly Tea Party people are proof of that. The universal health care Obama promised us was killed by bought and paid for lies pushed by the Insurence company's. With this court ruling these companies have unlimited ability to back any horrible thing they want. They care about profit not people. They will never do anything that makes this country better. This ruling also gives "american" company's like Budweiser who are owned by foreign countries access to buying control of american politics.
A group of private corporations with their hands in the taxpayers pockets that won't allow themselves to be audited goes completely against the principles that this country is "supposed" to stand for.
One thing that I think that will happen as a result of this court decision is that we'll see Chinese and Saudi Arabian corporations flooding the American airwaves with ads for the candidates that benefit the interests of their countries. With this ruling, there is nothing to stop them.