Monday, July 29, 2013

The BIG LIE about CU is REVEALED

I have grown increasingly frustrated with the deliberate ignorance and BIG LIe that is the argument against the Supreme Court's Citizen's United decision. It time that I stop trying to educate individually, rather to take a broader approach with this blog. First let me state that I am no ideologue, I am a life long Republican, but rarely vote for a Republican unless they are deemed by ME as being worthy of my vote which has become a rare occurrence to say the least. I am a center-right voter. What was CU all about? A little history. The McCain/Feingold campaign reform law place limitations on the amount of money a person or corporation could spend on an individual candidate or party. When it came to issue ads, individuals were allowed to spend every dime they had. An issue ad is one that CANNOT be coordinated with any candidate or party. This is an ad that as an individual you want to throw your support to a candidate or party as a private person. PAC's, which are corporations were, by law, limited in their ability to create an issue ad as there was a financial limit to what they could spend. What CU was about was a PAC, which is a corporation created an infomercial attacking then candidate Hillary Clinton. The FEC cried foul as the CU PAC's broke the law by over spending. CU objected and filed suit claiming an infringement of 1st amendment rights of the people who were part of that PAC, a corporation. The Supreme Court agreed. So what was the effect of CU on elections? Now some claim that it means the Koch's and Adelson's of the country were now free to 'buy' an election. This is just not so. These individuals could have always spent unlimited amounts on issue ads PRIOR to CU. So let us put that one to rest. CU had nothing to do with individual's right to spend unlimited amounts of money on issue ads. So lets look at the effect of CU on the last election...Karl Rove's PAC (a corporation)spent $125M to defeat Mr. Obama and install Mr. Romney as President. How did that work out for them? Adelson spent a like amount as an individual for the same purpose and what was that result? So here you have $250 MILLION spent to 'buy' an election and what happened? Complete and total failure. So how can the CU ruling be a good thing? Here is a hypothetical for you to consider. Prior to CU, if David Koch wanted to create an issue ad supporting an anti-environment candidate and the Sierra Club (a corporation) wanted create their own ad, they were limited financially. They could never match Koch's money legally. AFTER CU the Sierra Club can fight him on equal footing. The playing field is leveled. Now this is but one example. Now for those of you who think in terms of say, Walmart being a corporation, which it is and they decide to support some extremist candidate or cause, it would be corporate suicide. First, the board of directors would have to approve the expenditure. Now, do you really think Walmart is going to put their stock price in jeopardy by doing something so stupid? No, they won't. The stockholders would never stand for it. Sure, they may not be known by the FEC, but the SEC would know they spent that money. Look, corporations have lobbyists who are much more effective for the money spent. Why bother with a crapshoot like an election?