Obama Slams Supreme Court Campaign Money Ruling

The Obama Administration took the side of limits on political-campaign spending contributions by corporations and unions when the case was argued before the Supreme Court.

Now that the high court has lifted some of the restrictions, President Barack Obama, a former law school constitutional-law teacher, is fiercely denouncing the Supreme Court decision. He's not buying the First Amendment, free speech argument made by the court's conservative majority.

With its ruling today, the Supreme Court has given a green light to a new stampede of special interest money in our politics. It is a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans. This ruling gives the special interests and their lobbyists even more power in Washington—while undermining the influence of average Americans who make small contributions to support their preferred candidates. That's why I am instructing my Administration to get to work immediately with Congress on this issue. We are going to talk with bipartisan Congressional leaders to develop a forceful response to this decision. The public interest requires nothing less.

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