Reaction to the Supreme Court's First Amendment Decision

Statement from the President on Today's Supreme Court Decision

Now that the Supreme Court has extended first amendment rights to corporations, O is all up in arms. Here is the President's response:

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.More... 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.

Yes, well, up to now, the unions—notably, AFL/CIO and SEIU—have been exercising their political speech rights on an almost monopoly basis. I suspect the fact that this monopoly is now broken is the real issue for Obama.