Goodbye campaign finance laws!

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Daily Kos has more about the Supreme Court’s horrible decision here. Basically, it overturns previous campaign finance laws and allows corporations to pour money into political campaigns

In a stinging dissent, Justice John Paul Stevens wrote that the ruling “threatens to undermine the integrity of elected institutions across the nation. The path it has taken to reach its outcome will, I fear, do damage to this institution.”

President Obama led a chorus of Democrats and public interest groups attacking the decision, saying in a statement that the court “has given a green light to a new stampede of special interest money in our politics,” and vowing that he will work with congressional leaders “to develop a forceful response.”

“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,” the president said. “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.”

It’s been a pretty bad week for progressives.

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