Congress Bought and Sold, Compliments of Your Supreme Court. The Second Anniversary.

The US Supreme Court Turned Back the Political Clock Today (January 21, 2010)

Vanderbilt and the railroad trusts

Washington DC January 21, 2010. Today’s US Supreme Court decision returns US Politics to the wild and woolly days before Teddy Roosevelt broke the trusts over a hundred years ago.

An already big business beholden congress gets an even bigger financial boost with today’s bitterly divided court decision. The Supreme Court ruled big business can spend its millions to directly support or oppose candidates for president and Congress, a decision that sharply reverses a century-long trend to limit the political influence of corporations and labor unions. It remakes the political landscape just as crucial midterm election campaigns are getting under way.

The court, in a 5-4 split, overturned two earlier decisions and threw out parts of a 63-year-old law that said companies and unions can be prohibited from using money from their general treasuries to produce and run their own campaign ads. The decision threatens similar limits imposed by 24 states.

The continued behavior of Congress and especially the Senate, of ignoring the will of the majority of the people, and blocking or watering down critical healthcare and financial reform legislation, is now guaranteed. Just a friendly reminder, in case you were wondering “how did all this happen?”.


About Steve King

iPeopleFINANCE™ Chief Operating Officer. Former CEO of Endymion Systems, Inc. a $36m Information Systems Services company. Co-founder of the Cambridge Systems Group, the creator of ACF2, the leading IBM Mainframe Data Center Security product; acquired by Computer Associates. IBM, seeCommerce, marchFIRST, Connectandsell alumni. UC Berkeley alumni. View all posts by Steve King

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