Obama Takes On Campaign-Ad Ruling In State Of The Union Address1/27/2010 10:34 PM Eastern
President Obama took his fight against the Supreme Court ruling on campaign ads to the nation via his State of the Union address Jan. 27.
In his speech to the joint session of Congress, the president pledged to push for more lobby reform, including limits on lobbyist contributions to federal candidates and a bill to "correct" the High Court's decision to allow corporations and unions to invest directly in radio and TV campaign ads in the run-up to elections.
"Last week, the Supreme Court reversed a century of law that I believe will open the floodgates for special interests--including foreign companies--to spend without limit in our elections," the president said. "I don't think American elections should be bankrolled by America's most powerful interests--or worse, by foreign entities. They should be decided by the American people, and I'd urge Democrats and Republicans to pass a bill that helps correct some of these problems."
As they head into a midterm election year, broadcasters and cable systems are anticipating that the ruling will bolster the windfall of political advertising.