Barack Obama – Weekly Address – No Corporate Takeover Of Our Democracy
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Remarks of President Barack Obama
August 21, 2010
As the political season heats up, Americans are already being inundated with the usual phone calls, mailings, and TV ads from campaigns all across the country. But this summer, theyâ€™re also seeing a flood of attack ads run by shadowy groups with harmless-sounding names. We donâ€™t know whoâ€™s behind these ads and we donâ€™t know whoâ€™s paying for them.
The reason this is happening is because of a decision by the Supreme Court in the Citizens United case â€“ a decision that now allows big corporations to spend unlimited amounts of money to influence our elections. They can buy millions of dollars worth of TV ads â€“ and worst of all, they donâ€™t even have to reveal who is actually paying for them. You donâ€™t know if itâ€™s a foreign-controlled corporation. You donâ€™t know if itâ€™s BP. You donâ€™t know if itâ€™s a big insurance company or a Wall Street Bank. A group can hide behind a phony name like â€œCitizens for a Better Future,â€ even if a more accurate name would be â€œCorporations for Weaker Oversight.â€
We tried to fix this last month. There was a proposal supported by Democrats and Republicans that wouldâ€™ve required corporate political advertisers to reveal whoâ€™s funding their activities. When special interests take to the airwaves, whoever is running and funding the ad would have to appear in the advertisement and take responsibility for it â€“ like a companyâ€™s CEO or an organizationâ€™s biggest contributor. And foreign-controlled corporations and entities would be restricted from spending money to influence American elections â€“ just as they were in the past.
You would think that making these reforms would be a matter of common sense. Youâ€™d think that reducing corporate and even foreign influence over our elections wouldnâ€™t be a partisan issue.
But the Republican leaders in Congress said no. In fact, they used their power to block the issue from even coming up for a vote.
This can only mean that the leaders of the other party want to keep the public in the dark. They donâ€™t want you to know which interests are paying for the ads. The only people who donâ€™t want to disclose the truth are people with something to hide.
Well, we cannot allow the corporate takeover of our democracy. So weâ€™re going to continue to fight for reform and transparency. And I urge all of you to take up the same fight. Letâ€™s challenge every elected official who benefits from these ads to defend this practice or join us in stopping it.
At a time of such challenge for America, we canâ€™t afford these political games. Millions of Americans are struggling to get by, and their voices shouldnâ€™t be drowned out by millions of dollars in secret, special interest advertising. Their voices should be heard.
Letâ€™s not forget that a century ago, it was a Republican President â€“ Teddy Roosevelt â€“ who first tried to tackle the issue of corporate influence on our elections. He actually called it â€œone of the principal sources of corruption in our political affairs.â€ And he proposed strict limits on corporate influence in elections. â€œEvery special interest is entitled to justice,â€ he said. â€œbut not one is entitled to a vote in Congress, to a voice on the bench, or to representation in any public office.â€
We now face a similar challenge, and a similar opportunity to prevent special interests from gaining even more clout in Washington. This shouldnâ€™t be a Democratic issue or a Republican issue. This is an issue that goes to whether or not we will have a democracy that works for ordinary Americans â€“ a government of, by, and for the people. Letâ€™s show the cynics and the special interests that we still can.
Barack Obama – Weekly Address – No Corporate Takeover Of Our Democracy. A decision that now allows big corporations to spend unlimited amounts of money to influence our elections. They can buy millions of dollars worth of TV ads â€“ and worst of all, they donâ€™t even have to reveal who is actually paying for them. Complete Full Script, Dialogue, Saying, Quotes, Words And Text.