From The Smirking Chimp:
Count this as another savage blow for those cherished corporate interests:
In a stunning reversal of the nation’s federal campaign finance laws, the Supreme Court ruled 5-4 Thursday that as an exercise of free speech, corporations, labor unions and other groups can directly spend on political campaigns.
The justices also struck down part of the landmark McCain-Feingold campaign finance bill that barred union- and corporate-paid issue ads in the closing days of election campaigns.
“The notion that the First Amendment dictated [today's ruling] is, in my judgment, profoundly misguided,” dissenting Judge John Paul Stevens wrote for the others.
“In the context of election to public office, the distinction between corporate and human speakers is significant. Although they make enormous contributions to our society, corporations are not actually members of it,” he added. (Via FOXnews.com)
I frequently hear arguments from all sides citing the ‘restrictions’ on free speech.