Of the people, by the people, for the people sure makes more sense now that corporations are considered people. They actually have been for quite some time, but the latest Supreme Court ruling has fully converted our elections into auctions. Remember when a doe-eyed John Roberts said he only wanted to call balls and strikes? He was so cute!
So is this the death knell of Democracy or simply an admission of what’s been happening for quite a while now? Time will tell, but on Democracy Now! last Friday, Jamin Raskin, a Professor of Constitutional Law at American University and a Maryland State Senator, threw out some frightening numbers:
I looked at just one corporation, Exxon Mobil, which is the biggest corporation in America. In 2008, they posted profits of $85 billion. And so, if they decided to spend, say, a modest ten percent of their profits in one year, $8.5 billion, that would be three times more than the Obama campaign, the McCain campaign and every candidate for House and Senate in the country spent in 2008. That’s one corporation. So think about the Fortune 500.