{"id":212903,"date":"2010-01-22T10:55:47","date_gmt":"2010-01-22T15:55:47","guid":{"rendered":"tag:business.theatlantic.com,2010:\/\/3.34013"},"modified":"2010-01-22T10:48:15","modified_gmt":"2010-01-22T15:48:15","slug":"will-the-supreme-court-ruling-help-wall-st-fight-obama","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/212903","title":{"rendered":"Will the Supreme Court Ruling Help Wall St. Fight Obama?"},"content":{"rendered":"<p>The same day Obama decided to formally declare war on Wall Street&#8217;s biggest corporations, the Supreme Court ruled that corporations can spend unlimited sums<br \/>\nof money to elect their favorite candidates and defeat their enemies. Bad timing, much?<\/p>\n<p>If Obama passes this big-bank-busting regulation, it will almost<br \/>\ncertainly be with mostly Democratic votes. And those big banks with<br \/>\nblank checks will threaten to sign oodles of cash over to Republican<br \/>\nchallengers of all the Democrats who voted to destroy them. It&#8217;s like<br \/>\nthe popular kid who, after months of deliberation, finally decides to<br \/>\nchallenge the school bully to a showdown &#8212; only to learn that the<br \/>\nbully&#8217;s mom just married their teacher. If he backs down, it&#8217;ll be a<br \/>\ndamning sign of weakness. If he beats up the bully, he&#8217;s got to expect<br \/>\nretribution on the report card.<\/p>\n<p>There are two caveats to my observation. First the Supreme Court<br \/>\ndecision doesn&#8217;t invent out of nothing the idea of corporate spending on elections.<br \/>\nCompanies could already establish and donate to political action<br \/>\ncommittees (PACs), and as Dan <a href=\"http:\/\/business.theatlantic.com\/2010\/01\/four_reasons_not_to_fear_the_supreme_courts_business-political_spending_decision.php\">argues<\/a>, this ruling could arguably allow smaller businesses who lacked the resources to establish PACs to get in the game.<\/p>\n<p>Second, the White House could strike back. The Obama administration&#8217;s response could take several forms, as Marc Ambinder <a href=\"http:\/\/politics.theatlantic.com\/2010\/01\/what_do_reformers_do_now.php\">outlines<\/a>:<br \/>\n(1) Pass a law to overrule the Court; (2) Pass a law to make company<br \/>\nshareholders approve political spending; (3) Pass a &#8220;stand-by-your-ad&#8221;<br \/>\nrequirement, such as &#8220;I&#8217;m Derek Thompson, the CEO of AtBixChan<br \/>\nTechnologies, and I approve this message.&#8221; My sense is that those are<br \/>\nlisted in increasing order of political likelihood.<\/p>\n<p><br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:542ba9df281a99900142a54b8072e24c:9YEClW3wJb2Vl0BaT6KsxXZ%2BEMpTNy7sJssCIf1%2Fy7t2xl38X%2Beey3WoK2YKPJBanGRW45aSrJ2D'><img border='0' title='Email this Article' alt='Email this Article' src='http:\/\/images.pheedo.com\/images\/mm\/emailthis.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:3429c385ba809ec3db681db33df00783:LDH8BNN9ecz%2FeXPRJiuKmJ6k2mfKWJj1dLZCZ4zJfyUotGdULAkSI0NnL05xgtHuhQ9xIydnp0pU'><img border='0' title='Add to digg' alt='Add to digg' src='http:\/\/images.pheedo.com\/images\/mm\/digg.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:17b1e733e633fbf0745e896b2efca29c:F3A5Ur7LbKmGKX7aMHrdif%2BvTDjUVnvAfX9IGXwW4bXFzX2IBsylETDVRBvkBH7voJLOY2g2P0P7'><img border='0' title='Add to Reddit' alt='Add to Reddit' src='http:\/\/images.pheedo.com\/images\/mm\/reddit.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:ad1cedc271b6f3ede8361cf0c52c9688:LMX3VadQvrLp%2Bcg09UJa6Hz6z%2BT93nQGUmsP38brIscXeLozE02PXilAML4IK67pMknBkEjPHaZrpQ%3D%3D'><img border='0' title='Add to Twitter' alt='Add to Twitter' src='http:\/\/images.pheedo.com\/images\/mm\/twitter.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:15f80683f56d90f060a9ce7b07dced53:WDo7CNEZmKzHdqsuGavg1Yo%2FqwGoRvZ6Kh6sBzyArVpDPfs3gcKivOZLVP6abMXTgPITrd2XNJkB'><img border='0' title='Add to del.icio.us' alt='Add to del.icio.us' src='http:\/\/images.pheedo.com\/images\/mm\/delicious.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:c5b699a8813f8ca590babf2574eea75a:sU7UZ5sXBeRo8i3sjrzR4hDBkOQVOOA%2BJ32YxIpDBNHnBo4osFTtkY%2FM18AUFoHqGGEKcswpocCvug%3D%3D'><img border='0' title='Add to StumbleUpon' alt='Add to StumbleUpon' src='http:\/\/images.pheedo.com\/images\/mm\/stumbleit.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:a3dd237506b550358c5bd5893120ad69:2eWIOuH4%2Bewa8b4X975yAWZDt9t%2FmNGQSo4rRS0OzsnVE%2Bosao%2Bbt5LS3M76BivChkxBrBs%2Ft8W2Ew%3D%3D'><img border='0' title='Add to Facebook' alt='Add to Facebook' src='http:\/\/images.pheedo.com\/images\/mm\/facebook.gif'\/><\/a><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<a href=\"http:\/\/ads.pheedo.com\/click.phdo?s=0af7674f8149c9ac9bf313ac3fa46873&#038;p=1\"><img decoding=\"async\" alt=\"\" style=\"border: 0;\" border=\"0\" src=\"http:\/\/ads.pheedo.com\/img.phdo?s=0af7674f8149c9ac9bf313ac3fa46873&#038;p=1\"\/><\/a><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"0\" width=\"0\" border=\"0\" style=\"display:none\" src=\"http:\/\/a.rfihub.com\/eus.gif?eui=2225\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The same day Obama decided to formally declare war on Wall Street&#8217;s biggest corporations, the Supreme Court ruled that corporations can spend unlimited sums of money to elect their favorite candidates and defeat their enemies. Bad timing, much? If Obama passes this big-bank-busting regulation, it will almost certainly be with mostly Democratic votes. And those [&hellip;]<\/p>\n","protected":false},"author":1534,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-212903","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/212903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=212903"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/212903\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=212903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=212903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=212903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}