In this year’s midterm elections, there is no talk of satchels of cash from donors. Nor is there any hint of illegal actions reaching Watergate-like proportions. But the fund-raising practices that earned people convictions in Watergate — giving direct corporate money to a campaign and doing so secretly — are back in a different form in 2010.
This time around, the corporations are still giving secretly, but legally. In 1907, direct corporate donations to candidates were legally barred in a campaign finance reform push by President Theodore Roosevelt. But that law and others — the foundation for many Watergate convictions — are all but obsolete. This is why many supporters of strict campaign finance laws are wringing their hands.
Not too many things bum me out, this does.
Corporations, for the first time, are allowed to finance ads that directly support or oppose political candidates. Thank you Supreme Court.
Governing from the bench? Activist judges? Exactly what Conservatives complain about but this time they have absolutely no problem. The Chamber of Commerce, the American Action Network and Crossroads GPS will own a part of the 2010 elections.
At least you can vote politicians out, corporations now own the process.
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