Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Evidently, the WSJ is scared shitless by the DISCLOSE Act

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-10 07:19 PM
Original message
Evidently, the WSJ is scared shitless by the DISCLOSE Act
Edited on Mon Jul-26-10 07:27 PM by ProSense

The Schumer for Majority Leader Act

A bill to make political speech freer for some than for others.

In theory, campaign finance reform is about clean elections, transparency and ending special interest influence. In practice, Senate Majority Leader Harry Reid has scheduled a cloture vote for this week on a bill designed to undo a recent Supreme Court free speech decision and give Democrats a fund-raising advantage in the fall elections.

In its Citizens United decision earlier this year, the Supreme Court ruled that Congress may not prohibit spending on political speech by corporations, unions and nonprofits. President Obama has publicly criticized the decision, and Democrats have been trying to pass legislation that reverses some of its provisions.

Yet what they've proposed is a blatantly partisan bill sponsored by two Members whose main duty is electing Democrats. The House version, which passed last month on partisan lines, is sponsored by Representative Chris Van Hollen, who runs the Democratic Congressional Campaign Committee. The companion bill in the Senate was introduced by Charles Schumer, the two-time head of the Democratic Senatorial Campaign Committee who is in a backroom battle with Dick Durbin to succeed Harry Reid as Majority Leader.

In the name of "transparency," the Schumer-Van Hollen legislation tilts the playing field in favor of Democratic candidates by taking direct aim at corporate speech. The bill prohibits speech by government contractors, beneficiaries of the Troubled Asset Relief Program and "foreign-controlled domestic corporations," which are defined as U.S. subsidiaries of companies in which 20% or more of voting shares are owned by a foreign national.

more


Oh my. Poor corporations that are not people! Oh, did they just admit that corporate speech is tilted to help Republicans? And on further edit: think the title of the editorial reveals a little wishful thinking that Senator Reid will lose?

:rofl:


Printer Friendly | Permalink |  | Top
lazarus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-10 07:29 PM
Response to Original message
1. whoa
"U.S. subsidiaries of companies in which 20% or more of voting shares are owned by a foreign national."

That includes Newscorp. It could put Fox out of business.
Printer Friendly | Permalink |  | Top
 
YOY Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-10 07:36 PM
Response to Reply #1
2. They will find a way around it.
They always find a way around it.
Printer Friendly | Permalink |  | Top
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-10 07:42 PM
Response to Reply #2
3. Hell, then let's skip the friggin thing
Cynicism isn't going to do anything about the problem either.



Printer Friendly | Permalink |  | Top
 
Go2Peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-10 11:41 PM
Response to Reply #3
5. You are acting like it will pass.
Edited on Mon Jul-26-10 11:46 PM by Go2Peace
You really believe that?

Wanna make a wager? The person who loses has to post an OP about the wager and admitting they were wrong?

I would really love this to pass, and if it does it shows that the Democrats are not as weak as they seem (and would bring up some other questions as well), because truly this is likely more of a threat to corporations than even than a public option?

This is a bet I would like to lose. But unfortunately I don't think that will happen...
Printer Friendly | Permalink |  | Top
 
YOY Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-27-10 11:10 AM
Response to Reply #3
6. You are so very RIGHT!
n.t.
Printer Friendly | Permalink |  | Top
 
Go2Peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-26-10 11:38 PM
Response to Original message
4. Question is: Will it pass in it's current form?
This is evidence that getting control of the power unleashed by our partisan supreme court may be much more difficult than it even looked. If this could somehow be passed it would indeed be HUGE. My practical side says "no way". I think this would be difficult even with larger majorities. If the corporations were really concerned they would be mounting a much bigger effort. Seems like they are no all that concerned it will pass?
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 25th 2024, 11:05 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC