Tonight the president engaged in demogoguery of the worst kind, when he claimed that last weeks Supreme Court decision in Citizens United v. FEC, open[ed] the floodgates for special interests including foreign corporations to spend without limit in our elections. Well I dont think American elections should be bankrolled by Americas most powerful interests, or worse, by foreign entities.
The presidents statement is false.
The Court held that 2 U.S.C. Section 441a, which prohibits all corporate political spending, is unconstitutional. Foreign nationals, specifically defined to include foreign corporations, are prohibiting from making a contribution or donation of money or ather thing of value, or to make an express or implied promise to make a contribution or donation, in connection with a Federal, State or local election under 2 U.S.C. Section 441e, which was not at issue in the case. Foreign corporations are also prohibited, under 2 U.S.C. 441e, from making any contribution or donation to any committee of any political party, and they prohibited from making any expenditure, independent expenditure, or disbursement for an electioneering communication... .
This is either blithering ignorance of the law, or demogoguery of the worst kind.