Article 6 - All Debts contracted and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Constitution, as under the Confederation.
http://www.nytimes.com/2010/01/22/us/politics/22scotus.html
Overruling two important precedents about the First Amendment rights of corporations, a bitterly divided Supreme court ruled that the government may not ban political spending by corporations in candidate elections.Though the decision does not directly address them, it also applies to the labor unions that are often at political odds with big business. This ruling represents a sharp shift, and it will have major political and practical consequences. Specialists in campaign finance law said they expected the decision to reshape the way elections were conducted. The Supreme decided the case in a 5 to 4 ruling, saying that corporate spending cannot have a limit placed on it.
I think that there should be a limit on how much a business can spend at one time. This would help businesses to keep some of their money in case so they will not go bankrupt and if everybody gets fired, then there would be nothing to save the company.
No comments:
Post a Comment