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Obama condemns court ruling on corporate donations

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A pedestrian walks past the US Supreme Court building in Washington, December 8, 2009. REUTERS/Jonathan Ernst

A pedestrian walks past the US Supreme Court building in Washington, December 8, 2009.

Credit: Reuters/Jonathan Ernst

WASHINGTON | Fri Jan 22, 2010 2:54pm EST

WASHINGTON (Reuters) - U.S. President Barack Obama on Thursday strongly criticized a Supreme Court ruling removing limits on corporate donations for political campaigns, saying it was a major victory for banks and oil and health insurance companies.

"With its ruling today, the Supreme Court has given a green light to a new stampede of special interest money in our politics," Obama said in a statement.

"We are going to talk with bipartisan Congressional leaders to develop a forceful response to this decision. The public interest requires nothing less."
Politics
Barack Obama
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Comments (7)
linp wrote:
The ruling certainly will break any attempt at healthcare reform (true reform) A strong response to this by congress to put in place a law which the Supreme (big business oriented) Court can not destroy should now be number the number one issue for Obama I believe even the republicans who are believe in the sanctity of the human being would support a law which gives the right to self determine our leaders to only humans not big businesses

Jan 22, 2010 8:30am EST  --  Report as abuse
B-rad wrote:
Thats it peeps, the regular rich folk wasn’t enough to rig the elections, now corporations can spend as much money as they have to get their “man” into office. That should fair well with oil companies, pharmecuticles, insurance companies, you name it, any company that rapes the public just got the o.k. to continue. Does the average person even know that the door has just been opened for foreign countries now to spend money to lobby for their “guys” too. It doesn’t even matter which party you lobby for, this is B.S. It’s time for us to wake up and take our country back, and I see no other way than with a revolution. We were supposed to be taking big money out of politics, not adding more. It would appear that our supreme court is 5/9ths rich communists, cuz they just took away all the common voices out of the equation.

Jan 22, 2010 9:42am EST  --  Report as abuse
cb1701 wrote:
More money into politics, less money to charities…

Jan 22, 2010 12:20pm EST  --  Report as abuse
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