Ace_ Wrote:
-------------------------------------------------------
> >
> From the former FEC Commissioner, Brad Smith:
>
> President Wrong on "Foreign Entities" Bankrolling
> American Elections
> Tonight the president engaged in demogoguery of
> the worst kind, when he claimed
> that last week's Supreme Court decision in
> Citizens United v. FEC, "open
> the floodgates for special interests — including
> foreign corporations — to spend
> without limit in our elections. Well I don't think
> American elections should be
> bankrolled by America's most powerful interests,
> or worse, by foreign entities."
>
> The president's statement is false.
>
> The Court held that 2 U.S.C. Section 441a, which
> prohibits all corporate
> political spending, is unconstitutional.
>
> Foreign nationals, specifically defined to include
> foreign corporations, are
> prohibiting from making "a contribution or
> donation of money or ather thing of
> value, or to make an express or implied promise to
> make a contribution or
> donation, in connection with a Federal, State or
> local election" under 2 U.S.C.
> Section 441e, which was not at issue in the case.
>
>
> Foreign corporations are also prohibited, under 2
> U.S.C. 441e, from making any
> contribution or donation to any committee of any
> political party, and they
> prohibited from making any "expenditure,
> independent expenditure, or disbursement
> for an electioneering communication... ."
>
>
http://corner.nationalreview.com/post/?q=ZTVkODZiM
> 2M0ODEzOGQ3MTMwYzgzYjNmODBiMzQzZjk=
>
>
>
> The New York Times agrees with Smith's analysis:
>
> Obama and the Supreme Court ruling
> The president appeared to have mischaracterized
> the Supreme Court’s decision to
> overturn restrictions on corporate-paid political
> commercials by suggesting that
> the decision invited political advertisements by
> foreign companies, too.
>
> “I don’t think American elections should be
> bankrolled by America’s most powerful
> interests, and worse, by foreign entities. They
> should be decided by the American
> people, and that’s why I’m urging Democrats and
> Republicans to pass a bill that
> helps to right this wrong.”
>
> But in his majority opinion in the case, Citizens
> United vs. the Federal
> Election Commission, Justice Anthony Kennedy
> specifically wrote that the
> opinion did not address the question of foreign
> companies. “We need not reach the
> question of whether the government has a
> compelling interesting in preventing
> foreign individuals or associations from
> influencing our Nation’s political
> process,” he wrote...
>
> President Obama called for new legislation to
> prohibit foreign companies from
> taking advantage of the ruling to spend money to
> influence American elections.
>
> But he’s too late; Congress passed the Foreign
> Agents Registration Act in 1996, which
> already prohibits independent political
> commercials by foreign nationals or
> foreign companies.
>
>
http://thecaucus.blogs.nytimes.com/2010/01/27/blog
> ging-the-presidents-address/#t20h31m (8:31pm)
>
>
>
> PolitiFact offers a detailed analysis of the issue
> here:
>
http://www.politifact.com/truth-o-meter/statements
> /2010/jan/27/barack-obama/obama-says-supreme-court
> -ruling-allows-foreign-com/
> ("Obama erred" in his explanation of the current
> state of the law, but his statement
> could be considered "barely true" because of a
> lacuna in 2 U.S.C. 441e(b)(3)'s
> definition of a foreign corporation -- a problem
> that arises from the ambiguous statuory
> language drafted by Congress, and which should be
> corrected by Congress, not the Court)
There is no such thing as an "American" Corporation. Corporations are a conglomerate of stock holders..in the case of publically held corporations...the stock holders are from many/any country. Corporations do not take a citizens oath as any immigrant is required to...they do not even take the pledge of allegiance...they are not christian...they do not even believe in god.
Their loyalty is to their stock holders...and them only.
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Edited 1 time(s). Last edit at 01/28/2010 02:30PM by Vince(1).