Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Machaon who wrote (507463)	12/10/2003 6:44:06 PM
From: Skywatcher	Read Replies (1) \| Respond to of 769670

Supreme Court Decision is Major Victory for America: The Supreme Court decision today upholding nearly all elements of the Bipartisan Campaign Reform Act (BCRA) is a major victory for democracy and all Americans. Common Cause celebrates over a decade of work to rid the political system of the corrupting influence of huge, unrelegated contributions to the political parties from corporations, unions, and wealthy individuals. Today's decision is gratifying not only for Common Cause, but for the millions of Americans that have grown tired of their voice being drowned out by big money. It is also a day of celebration for the thousands of Common Cause staff and volunteers around the country that worked so hard for so long to pass this historic piece of legislation. By agreeing that unlimited contributions to the political parties "can corrupt or, at the very least, create the appearance of corruption of federal candidates and office holders," the Supreme Court has again recognized the importance and constitutionality of limiting big money in the political process. "The American people wanted this law, Congress enacted it and now the Supreme Court has ruled it constitutional," said Common Cause President Chellie Pingree. "The toxic link between donors who write six-figure checks and people in power at the highest levels of government has been severed for good." Upholding the ban on soft money and the ban on corporations and labor unions directly funding some broadcast advertisements about federal candidates means that additional, meaningful campaign finance reforms can now follow. Common Cause plans to pursue reform of the presidential public finance system, public financing for congressional elections and in the states and free and reduced-cost TV airtime for political candidates. "This struggle took more than a decade, but it proves that citizens can trump the power of special interests," Pingree said. It is also a testament to the courage and dedication of BCRA's sponsors, Sens. John McCain (R-AZ), Russell Feingold (D-WI) and Reps. Martin Meehan (D-MA) and Christopher Shays (R-CT), she said. CC ---------------