Tracy Emblem: With the recent Supreme Court 5-4 radical decision treating corporations the same as individuals and asserting that federal laws cannot limit corporate speech, legislation requiring public disclosure of lobbyist driven “grassroots” advertising campaigns is needed more than ever. Individuals have constitutional rights. Corporations are legally recognized business entities.
Robert Reich: Under a shareholder protection law, shareholders would not have to spend their share of corporate earnings on candidates who they personally oppose. If a company dedicates, say, $100,000 to a particular campaign in a given year — directly, or indirectly through a front organization — shareholders who don’t want their money used this way would get a special dividend or additional shares representing their pro rata share of that campaign expenditure.
It didn’t take the GOP long to begin devouring its own. No sooner had the Senate passed The Stim yesterday but notorious right-wing funder-in-chief Richard Mellon Scaife’s front organization, “The National Republican Trust PAC,” sent an urgent e-mail to fellow travellers asking for money to defeat Senators Arlen Specter, Susan Collins, and Olympia Snowe – […]