Transparency for corporate and labor money
by Jerome Armstrong, Fri Jan 22, 2010 at 01:07:28 PM EST
My perspective on the SCOTUS ruling is mixed. I think there's strong arguments against the ruling, but I also doubt it's worth all the effort going to reverse the ruling. In fact, there are parts of the ruling that are quite favorable. Sunlight Foundation spells out the part where I think the energy should go into:
Yesterday the Supreme Court announced a decision that will allow more money into our political system than ever before. If you think big money and lobbyists already run roughshod over Washington, you haven't seen anything yet.
The Court did admit one silver lining -- that online transparency might help citizens and voters figure out who is buying or selling influence, and that the first line of defense is the disclosure of all this new political spending in a way that is worthy of the 21st century.
We need to make all the disclosures available to anyone online and in real-time.
And the disclosure needs to happen across the board. All political contributions and expenditures by everyone - candidates, contributors, labor unions, and interest groups - need to be transparent to us.
Stronger disclosure is the way to go on this matter. Only Clarence Thomas was against the disclosure provisions of the law. Rather than go down the path of attempting to reverse this through legislation, which is probably a dead-end, a push for more transparency is ultimately going to give us the means to accountability.