NO MORE LIMITS ON CORPORATE DONATIONS TO POLITICAL CAMPAIGNS?

By
Real Estate Agent with Howard Hanna Real Estate Services

Bad news today from the U.S. Supreme Court for those opposed to corporate contributions to political campaigns. By a 5 to 4 vote the Court ruled that the 20 year old rule that barred corporations from unfettered spending on candidates that they either support or oppose.

CORPORATE DONATIONS

This is the most significant Supreme Court ruling on corporate finance in many years. Those on the right called the ruling a huge win for the Constitution's First Amendment. Those on the other side of the aisle claim that this ruling opens the floodgates for more control of elections in the hands of big business. Corporations can funnel money to candidates who will advocate their agendas, I.E., banks, insurance companies, oil companies, ad infinitum.

For more on this breaking story follow this link:

http://www.npr.org/templates/story/story.php?storyId=122805666

Posted by

Mark & Elly Ostrovsky

Howard Hanna Smythe Cramer

Cellular: 216.577.1156

EMail: EllyandMark@GMail.Com

Website: http://MarkOstrovsky.Com

 

Mark is a licensed attorney in Ohio & in Massachusetts and works with his wife Elly in residential real estate representing buyers and sellers in Cleveland, Ohio's Eastern suburbs. You can search for homes on their website:

FIND A HOME: http://markostrovsky.com/

 

 

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Rainmaker
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Christopher Watters
Watters International Realty - Austin, TX
Austin Realtor (512-829-8000)

Without going into a political rant.. I think this could be good or bad. Depends on who is donating to get what they want. Unfortunately it seems like evil prevails more often in this circumstance.

Jan 23, 2010 02:43 AM #1
Rainer
41,331
Mark L. Ostrovsky
Howard Hanna Real Estate Services - Beachwood, OH
Howard Hanna Real Estate Services

I agree that "evil" would prevail in this situation more often than not. For example, a politician who decides against bailing out a company like AIG finds him or herself getting slammed with attack ads by AIG, or a ridiculously large amount of money from AIG going to the candiadate's opponent. Finally, I don't believe that our Founders had huge corporations (not that any existed back then) in mind when they framed the Bill of Rights so the notion that corporations should have the same freedom of speech rights as individuals seems rather dubious.

Jan 23, 2010 04:29 AM #2
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Rainer
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Mark L. Ostrovsky

Howard Hanna Real Estate Services
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