Tag: Federal Election Commission

Wall Street CEOs Organizing To Buy U.S. Elections

The January 21 Supreme Court decision [.pdf] in the Citizens United v. Federal Election Commission case lifted bans on corporate spending for campaign finance, drawing heavy criticism from across the country for the ruling’s potential to undermine the American democratic process.

Now with that ruling in their back pockets, “[a]t least half a dozen leaders of the Republican Party have joined forces to create a new political group with the goal of organizing grass-roots support and raising funds ahead of the 2010 midterm elections, according to people familiar with the effort”, says the Wall Street journal in an article January 30.

The Supreme Court ruling could potentially allow the group, called the American Action Network, to take unlimited contributions from corporations for use in political campaigns.