Obama Attack The Supreme Court
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The Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections. Specialists in campaign finance law said they expected the decision to reshape the way elections were conducted. Obama on Saturday criticized a Supreme Court decision. He suggested the ruling could jeopardize his domestic agenda. Democrats know that campaign finance reform could cripple their fundraising ability. Democrats were fully aware of the bill’s ramifications when they pushed for it. John McCain lost the 2008 presidential election because of McCain-Feingold Campaign Finance Reform. The 5-4 decision overturned two decisions: Austin v. Michigan Chamber of Commerce, a 1990 decision that upheld restrictions on corporate spending to support or oppose political candidates, and McConnell v. Federal Election Commission, a 2003 decision that upheld the part of the Bipartisan Campaign Reform Act of 2002 (usually called McCain-Feingold) that restricted campaign spending by corporations and unions and threw out parts of a 63-year-old law that said companies and unions can be prohibited from using their own money to produce and run campaign ads that urge the election or defeat of particular candidates by name. Obama called it “a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests. Obama, who is full of special interest, said the decision was unacceptable. The law, 2007 Supreme Court decision, applied to communications, susceptible to no reasonable interpretation other than as an appeal to vote for or against a specific candidate.
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