Tuesday, March 23, 2010

Unlimited Corporate spending on elections will destroy American democracy

Dear CYNDIE,

In January, a narrow Republican 5-4 majority of the Supreme Court ruled Corporations have the right to spend unlimited amounts of money to elect or defeat candidates.

That includes the nation's largest Corporations like ExxonMobil, which made $45 billion in profits in 2008 and could easily spend $5 billion to defeat every Democrat in the U.S.

Tell Congress: Shareholders Must Vote
http://www.democrats.com/shareholders-must-vote

CREDO mobile: more than a network. a movement.

Unlimited Corporate spending on elections will destroy American democracy by overwhelming contributions by voters and drowning their voices in a tsunami of Corporate-funded speech.

It will also destroy the American economy when Corporations stop competing over producing the best products and start competing over buying the most powerful politicians.

Finally, every penny of Corporate campaign spending will come at the expense of dividends to shareholders.

These are three crucial reasons why shareholders must vote on all Corporate election spending, just as they do in England.

Urge your Representative and Senators to co-sponsor Rep. Michael Capuano's H.R. 4790, the Shareholder Protection Act of 2010.

http://www.democrats.com/shareholders-must-vote

Thanks for all you do!

Bob Fertik

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