ABBA NETWORK

The U.S. president, Barack Obama, accused the Supreme Court to give “a blow to democracy ‘to the ring last Thursday, the contribution limit that is allowed to contribute to the companies during an election campaign, to protect, according to opinion, the right of corporations to freedom of expression.

This decision comes just two days after Obama threw down the gauntlet to U.S. banks, announcing, with great fanfare, a reform to limit by law the size of large financial institutions and restrict their activities at risk.
“I see record profits for some firms then say they can not lend more money to small businesses, lower fees credit card or return the ransom money they received from the taxpayer, “said the president, has warned that while”If they want to fight, will’.

For Bush, the Supreme Court ruling “opens the floodgates for the entry of an unlimited amount of money from special interests in our democracy,” he said. Thus, Obama said, he “gives lobbyists more reasons to spend millions of dollars in advertising, so that elected representatives vote in favor or to punish those who do not.

“This ruling is a blow to democracy itself,” the president said in his weekly address.

U.S. election campaigns in 2008, with the presidential head, spent about 6. 000 million dollars. Of these, more than 1. 000 million came from lobbyists and other private organizations.

The Supreme Court decision “will make it harder to pass the legislation guided by common sense because even foreign entities will be allowed to interfere in elections,” he said.

In reply, Obama announced the preparation of measures in collaboration with Congress to get a response “and bipartisan forced” to the sentence. “We started working on it, and will be a priority to repair the damage,” he said.