Over the past couple weeks, Target saw what happens when a corporation engages in political giving. That company is suffering from a backlash and boycotts. We also saw the part Saudi-owned parent of FOX News give $1 million to the Republican Governors Association. Today, in the weekly address, the President talked about the need to pass campaign finance reform.
As the political season heats up, Americans are already being inundated with the usual phone calls, mailings, and TV ads from campaigns all across the country. But this summer, they’re also seeing a flood of attack ads run by shadowy groups with harmless-sounding names. We don’t know who’s behind these ads and we don’t know who’s paying for them.
The reason this is happening is because of a decision by the Supreme Court in the Citizens United case – a decision that now allows big corporations to spend unlimited amounts of money to influence our elections. They can buy millions of dollars worth of TV ads – and worst of all, they don’t even have to reveal who is actually paying for them. You don’t know if it’s a foreign-controlled corporation. You don’t know if it’s BP. You don’t know if it’s a big insurance company or a Wall Street Bank. A group can hide behind a phony name like “Citizens for a Better Future,” even if a more accurate name would be “Corporations for Weaker Oversight.”
