海角大神

Just like us: Why Republicans worry about corporate feelings

In the upside-down world of regressive Republicanism, Senator Mitch McConnell thinks proposed legislation requiring companies to disclose their campaign spending would stifle their free speech, a concept Robert Reich finds "bonkers."

|
Jonathan Ernst/Reuters
US Senate Minority Leader Mitch McConnell (R-KY) and Senator John Barrasso (R-WY) hold a news conference at the Capitol in Washington in this December 2010 file photo. In a recent speech, Senator McConnell defended the rights of private companies to keep their campaign spending habits hidden.

Perhaps you鈥檇 expect no more from the Republican leader of the Senate who proclaimed three years ago that the GOP鈥檚 first priority was to get Obama out of the White House.听叠耻迟 Senator Mitch McConnell鈥檚 speech Friday at the American Enterprise Institute in Washington is simply bonkers.

The only reason I bring it up is because it offers an inside look at how the聽 Republican goal of getting rid of Obama is inextricably linked to the Republican Supreme Court鈥檚 decision equating corporations with people under the First Amendment, and to the Republican鈥檚 current determination to keep Americans in the dark about which corporations contribute what.聽

In the upside-down world of regressive Republicanism, McConnell thinks proposed legislation requiring companies to disclose their campaign spending would stifle their free speech.

He describes the current push to disclose the sources behind campaign contributions as a 鈥減olitical weapon,鈥 used by the Democrats, 鈥渢o expose its critics to harassment and intimidation.鈥澛

Harassment and intimidation? It used to be called accountability to shareholders and consumers.

Five members of the Supreme Court think corporations are people. Mitt Romney agrees. And now the minority leader of the Senate 鈥 the highest-ranking Republican official in America 鈥 takes this logic to its absurd conclusion: If corporations are people, they must be capable of feeling harassed and intimidated if their shareholders or consumers don鈥檛 approve of their political expenditures.

Hell, they might even throw a tantrum. Or cry. Corporations have feelings.聽

This isn鈥檛 just whacko. It also defies law and logic. What are corporations anyway, separate and apart from their shareholders and consumers?聽Legal fictions, pieces of paper.

And whom do corporations exist for if not the people who legally own them and those who purchase the products and services they sell?聽

Clearly, McConnell doesn鈥檛 want corporations to be forced to disclose their political contributions because he and other Republicans worry that some shareholders and consumers would react badly if they knew 鈥 and thereby constrain such giving.

And the reason McConnell and other Republicans don鈥檛 want any constraint on corporate political giving is most CEOs are Republicans who want to use their firms 鈥 and the money their shareholders legally own 鈥 as secret slush funds for the Republican Party, funneled through front groups like the U.S. Chamber of Commerce and Crossroads GPS.

Such nonprofits have spent significantly more than Super PACs on elections since 2010, according to the Center for Public Integrity and Center for Responsive Politics.聽Nonprofits have spent $95 million on elections since 2010, while Super PACs, which are required to disclose their donors, have spent $65 million, the Centers found.

Crossroads GPS has disclosed on its tax returns that 23 donors to it have each given $1 million or more to finance its campaign activities so far this year. But Crossroads claims status as a nonprofit under IRS rules 鈥 a 鈥渟ocial welfare鈥 organization鈥 that doesn鈥檛 have to disclose its donors 鈥 even though anyone with half a brain knows its overriding purpose is to influence elections.

McConnell and other Republicans conveniently forget secret campaign money was at the heart of the Watergate scandals forty years ago. And that even the Supreme Court in its heinous 鈥Citizens United鈥 decision upheld the constitutionality of disclosure requirements on corporations and other outside groups.聽

Mitch McConnell wants to give some cover to his Republican colleagues who will be voting later this month or early next month on the bill to force full disclosure of corporate political expenses. But his speech at the American Enterprise Institute doesn鈥檛 provide cover. It cloaks the whole Republican enterprise in hypocrisy.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
海角大神 was founded in 1908 to lift the standard of journalism and uplift humanity. We aim to 鈥渟peak the truth in love.鈥 Our goal is not to tell you what to think, but to give you the essential knowledge and understanding to come to your own intelligent conclusions. Join us in this mission by subscribing.
QR Code to Just like us: Why Republicans worry about corporate feelings
Read this article in
/Business/Robert-Reich/2012/0619/Just-like-us-Why-Republicans-worry-about-corporate-feelings
QR Code to Subscription page
Start your subscription today
/subscribe