Obama Warns of Corporate Takeover
Published: Aug. 21, 2010 at 6:01 AMWASHINGTON, Aug. 20 (UPI)
U.S. President Barack Obama Saturday warned of a "corporate takeover" of democracy and said Republicans want the public kept "in the dark" on campaign funding.
In his weekly radio and Internet address, the Democratic president found fault with a Supreme Court ruling that permits corporations, unions and other organizations 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," he said.
"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.'"
He blamed GOP leaders for killing legislation this summer that would require "corporate political advertisers to reveal who's funding their activities."
"But the Republican leaders in Congress said no," Obama said. "In fact, they used their power to block the issue from even coming up for a vote.
"This can only mean that the leaders of the other party want to keep the public in the dark.
"Well, we cannot allow the corporate takeover of our democracy," he said, while urging Americans to "challenge every elected official who benefits from these ads to defend this practice or join us in stopping it."
My name is Patrick M McCormick and I have created this blog as a platform for my political views as well as those of select contributors.
I believe that American Politicians have lost sight of their goal: To uphold the Constitution and protect the rights of the people of the United States. They argue and bicker on the floor of their respective houses, positioning themselves for the next election, while they accomplish very little business for the citizens of this country.
Meanwhile our economy is sliding downward. Millions of our precious jobs have have been exported overseas. Our social safety net and other public services are being cut. Our middle class is rapidly disappearing and the numbers of citizens existing below the poverty line is increasing dramatically.
I plan to examine the causes of these terrible changes to our American way of life. Your comments will help us all arrive at some important conclusions.