According to the Wall Street Journal, U.S. President Barack Obama used his weekly radio address on Saturday to assail a Supreme Court ruling this week clearing the way for corporations to spend freely on political advertisements, calling it a big victory for special interests and "devastating to the public interest." He added that his administration is working with Congress to develop a bipartisan legislative solution to override the ruling.
The Supreme Court ruling, narrowly decided on a 5-4 vote, overturned restrictions on campaign financing contained in a law written by Sens. John McCain (R., Ariz.) and Russ Feingold (D., Wisc.), finding them to be an unconstitutional limit on free speech. Obama expressed concern that the decision "opens the floodgates for an unlimited amount of special interest money in our democracy," including by foreign corporations with an interest in the outcome of U.S. elections.
"This ruling strikes at our democracy itself," said Obama.
The funny part about all this is the Republicans have no real response here... Gee, I wonder why...! IS ANYONE LISTENING!