Obama: SCOTUS ruling a "major victory for big oil, Wall Street banks, health insurance companies."

[jefferson_dem]

President Obama issued the following statement today regarding the U.S. Supreme Court decision in Citizens United v. Federal Election Commission.

Here's the full text:

With its ruling today, the Supreme Court has given a green light to a new stampede of special interest money in our politics. It is a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans. This ruling gives the special interests and their lobbyists even more power in Washington--while undermining the influence of average Americans who make small contributions to support their preferred candidates. That's why I am instructing my Administration to get to work immediately with Congress on this issue. We are going to talk with bipartisan Congressional leaders to develop a forceful response to this decision. The public interest requires nothing less.

http://tpmlivewire.talkingpointsmemo.com/2010/01/obama-supreme-court-ruling-a-major-victory-for-big-oil-wall-street-banks-health-insurance-companies.php