Fri January 22, 2010
Conway on Campaign Finance rule
By Chad Lampe
Murray, KY – U.S. Senate Candidate, Kentucky Attorney General Jack Conway is speaking out against a recent Supreme Court decision changing campaign finance laws. In 5 to 4 decision yesterday the high court gave corporations and unions unregulated power to spend money in candidate elections.
"You think lobbyist have too much influence now; wait until the ramifications of this shake out. I have major major concerns about this. I know there have been talks today about this introducing bills in the congress and passing something quickly to make certain that it doesn't apply to corporations that have defense contracts for example."
The court's decision essentially allows corporations and unions to spend as much money as they would like to endorse a certain candidate, not contributing directly to the candidate. The ruling declared corporations have a First Amendment right of free speech similar to individuals.