Drudge Retort: The Other Side of the News
Thursday, July 03, 2014

Norm Ornstein, The Atlantic: Why are for-profit corporations set up? The characterization tells us: to make profits. And the corporate charter has multiple benefits that go way beyond those of individuals. There are major tax benefits unavailable to individuals. There are stringent legal protections from liability unavailable to individuals. For decades, the Supreme Court recognized that reality, and put limits on the ability of for-profit corporations to overwhelm or disproportionately influence elections. [Justice] Kennedy blew that history apart in Citizens United, and [Justice] Alito amplified it in Hobby Lobby.

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Corky

 

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When Alito writes about humanitarian and other altruistic objectives, the fact is that for-profit corporations with shareholders justify charitable giving and other altruism to their shareholders as actions that are good for them in their goal of maximizing profits.

But for the majority on the Roberts Court, through a series of rulings that favor corporations over labor or other interests, it is clear that corporations are king, superior to individual Americans -- with all the special treatment in taxes and protection from legal liability that are unavailable to us individuals, and now all the extra benefits that come with individual citizenship.

Call it the new Crony Capitalism.

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"When President Obama, in the aftermath of Citizens United, warned at his State of the Union message that the ruling could mean lots of foreign corporations putting money into U.S. campaigns, Samuel Alito visibly mouthed, "Not true."

Of course, Alito was wrong. Foreign interests, especially given the increased role and prevalence of "dark money," with the donors concealed, often by laundering the money through multiple nonprofit entities, can find lots of ways to put resources into American campaigns in the new Wild West created by this Court. And now, defining foreign interests is going to become much harder."

"A few weeks ago, in testimony before the Senate Rules Committee on campaign finance, I said that I keep reading and rereading the First Amendment, and I am still looking for the word "money."

Well, I keep reading and rereading the Constitution and I still can't find the word "corporation." This Supreme Court, with its new form of crony capitalism, seems to see the words everywhere."

#1 | Posted by Corky at 2014-07-03 01:36 PM | Reply | Flag:

Democrat:
Hey Big Business, I got public money for you!

RINO:
Hey Big Business, I got public money for you!

True Conservative:
Get yer damn hands off of the public money!

Vastly over simplified? Yep. But does accurately illustrate a true point, if not with much detail....

#2 | Posted by USAF242 at 2014-07-03 06:05 PM | Reply | Flag:

-Vastly over simplified? Yep.

Reagan's own Budget Dirs explain how the GOP became the Party of the rich.

www.rollingstone.com

#3 | Posted by Corky at 2014-07-03 06:11 PM | Reply | Flag:

Crony capitalism has been about increasing power and take from the public for years with both corrupt Parties pushing it to the extreme.

Norm..... 2009 was a good year when the sheep were shorn for trillions, lost their homes, and their communities lost public assets, while the tribe of greed and avarice were made even richer and more powerful.

Norm you need to understand that common sense and common denominators are not about politics of the masses. It's about greed of the few.

#4 | Posted by Robson at 2014-07-03 06:11 PM | Reply | Flag:

Norm is a False Flag Op, lmao!

Norm is describing one of the effects of globalism, of the loss of any semblance of patriotism on the part of corporations, and a .01 percenter paid for activist SC.

proudtobeafilthyliberalscum.co
m

#5 | Posted by Corky at 2014-07-03 06:18 PM | Reply | Flag:

True Conservative:
Get yer damn hands off of the public money!

Then there are as many "true conservatives" as there are orcs. Or bigfoots. But only half as many as there are Loch Ness monsters.

#6 | Posted by northguy3 at 2014-07-03 08:17 PM | Reply | Flag: | Funny: 1

Yeah, ROBSON, both parties are doing it equally. Your mantra has grown tiresome. Tell your republican talking point supplier that you need some new shtick.

#7 | Posted by squinch at 2014-07-05 11:34 AM | Reply | Flag:

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