forgottenliberty.com

Thursday, the Supreme Court struck a victory for the 1st amendment by declaring large portions of the McCain-Feingold finance law unconstitutional.  Justice Kennedy, writing for the majority said,

…when Government seeks to use its full power, including the criminal law, to command where a person may get his or her information or what distrusted source he or she may not hear, it uses censorship to control thought. This is unlawful. The First Amendment confirms the freedom to think for ourselves.

By striking this down this bad law, large donors (including corporations) will now be able to purchase air time for political ads leading up to an election.  This did not go over well with liberals and I’ll tell you 2 reasons why.

Reason 1

Up until now, corporations had to give money directly to candidates because they could not spend it on advertising.  In the 2008 election, corporations donated significantly more money to Democrat candidates than Republicans.  Here are a few examples.  The percentages may surprise you.

1 Act Blue $3,151,038 100% Dem 0% GOP Solidly Democratic

2 Goldman-Sachs $1,656,954 71% DEM 29% GOP Strongly Democratic

3 Citigroup Inc. $1,582,857 63% Dem 37% GOP Leans Democratic

4 JP Morgan Chase & Co. $1,171,720 68% Dem 32% GOP Strongly Democratic

5 AT&T Inc. $1,094,144 45% Dem 55% GOP On the fence

6 UBS AG $1,068,953 62% Dem 38% GOP Leans Democratic

7 Intl Brotherhood of Electrical Workers $947,815 98% Dem 2% GOP Solidly Democratic

8 Laborers Union $924,500 91% Dem 9%GOP Solidly Democratic

9 Morgan Stanley $923,850 62% Dem 38%GOP Leans Democratic

Now that these companies can actually purchase ads on TV, they will most likely use their money for flashy 30 second commercials instead of giving directly to politicians.  This means Democrats (and plenty of Republicans) will loose money that they have grown accustomed to receiving.  They don’t like this and now Obama and the rest of them are whining about it.

Reason 2