Showing posts with label Roberts. Show all posts
Showing posts with label Roberts. Show all posts

Saturday, April 5, 2014

Chief Justice John Roberts Shreds Another Campaign Finance Law—Individuals May Now Shower Gold on Pols



The latest campaign finance ruling is another victory for the plutocrats.








The U.S. Supreme Court majority led by Chief Justice John Roberts has overturned one of the few remaining barriers in American elections that seek to limit wealthy individuals from using vast amounts of their money for political power and influence.


Wednesday’s ruling, in McCutcheon v. FEC,threw out parts of a 2002 law that imposed a $ 123,000 limit on federal campaign contributions in a two-year congressional cycle. It came in a lawsuit brought by a Republican Alabama businessman and the GOP that was designed to challenge those so-called aggregate contribution limits.


“Candidates will solicit million-dollar checks, contributors will write them and the pay-to-play system in Washington will only become more direct,” said J. Gerald Hebert, the executive director of the Campaign Legal Center. “The Roberts Court has exponentially increased the already-significant political influence of the very richest while further undermining the influence of the overwhelming majority of Americans who could not afford to write checks to politicians for even a fraction of the former aggregate contribution limit of more than $ 123,000 per election cycle.” 


While the conservative majority’s anti-regulatory ruling was expected, coming four years after its Citizens United ruling that deregulated some corporate contributions, what was striking about Wednesday’s ruling was its contemptuous tone, written by the Chief Justice, on the subject of what’s best for American democracy.


The legal basis for upholding campaign finance regulations is to prevent corruption, the Supreme Court ruled in 1976. But the Roberts Court, as was the case in Citizens United, chose to define corruption as a quid pro quo activity—like a bribe, which is already illegal—and turned a blind eye to what anybody who has worked in politics knows: that spending large sums of money on someone’s agenda or election does not come without some strings attached or expectation of future benefit.


Roberts wrote:


Spending large sums of money in connection with elections, but not in connection with an effort to control the exercise of an officeholder’s official duties, does not give rise to quid pro quo corruption. Nor does the possibility that an individual who spends large sums may garner “influence over or access to” elected officials or political parties.



This twisted legal logic was then used by Roberts to create a narrow rationale allowing the Court’s conservative majority to throw out the contribution caps.


The Government argues that the aggregate [contribution] limits further the permissible objective of preventing quid pro quo corruption. The difficulty is that once the aggregate limits kick in, they ban all contributions of any amount, even though Congress’s selection of a base limit indicates its belief that contributions beneath that amount do not create a cognizable risk of corruption. The Government must thus defend the aggregate limits by demonstrating that they prevent circumvention of the base limits, a function they do not serve in any meaningful way.



Roberts then tossed the ball back to Congress, asserting that while this part of its 2002 law was unconstitutional, Congress could try again to write better rules.


There are multiple alternatives available to Congress that would serve the Government’s interest in preventing circumvention while avoiding “unnecessary abridgment” of First Amendment rights. Such alternatives might include targeted restrictions on transfers among candidates and political committees, or tighter earmarking rules.



These lines of reasoning are a classic case of Supreme Court justices who either don’t understand how politics works—or understand it all too well—and want to shift the balance of power in Washington by undermining Congress’s ability to regulate elections and increasing the power of political parties and their biggest contributors.


The Campaign Legal Center’s Hebert, who is one of the nation’s foremost voting rights and campaign finance attorneys, said the ruling was arrogant in just this way.


“The Court today abandoned any pretense of respecting Supreme Court precedent or Congressional expertise on matters of campaign finance when it struck down longstanding federal limits on aggregate contributions to candidates, parties and PACs,” he said. “Once again, the Roberts Court exhibits its complete ignorance of political realities, or worse, chose to ignore those realities, in striking down laws written by Congress, which is intimately aware of the political corruption that will likely ensue in the wake of this decision.”


On a more practical level, other campaign finance reformers said that the ruling would unleash a torrent of big checks to both major parties, which would likely make them even more responsive than they are now to corporate and narrow monied interests.


“Our Founders feared corruption,” said Michael Waldman, Brennan Center for Justice at NYU School of Law president. “They did not want government beholden to narrow, elite interests… Following the Citizens United decision, this will further inundate a political system already flush with cash, marginalize average voters, and elevate those who can afford to buy political access.”


“This is truly a decision establishing plutocrat rights,” said Robert Weissman, president of Public Citizen. “In practical terms, the decision means that one individual can write a single check for $ 5.9 million to be spent by candidates, political parties and political committees… That is not democracy. That is plutocracy.”


 


 


 


 

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Chief Justice John Roberts Shreds Another Campaign Finance Law—Individuals May Now Shower Gold on Pols

Tuesday, January 21, 2014

Fed-They Do Not Have Any More Gold-Paul Craig Roberts


4By Greg Hunter’s USAWatchdog.com 


Former Assistant Treasury Secretary Paul Craig Roberts is making some bold new claims about the Federal Reserve and its official government gold holdings.  Dr. Roberts contends, “They don’t have any more gold.  That’s why they can only give Germany 5 tons of the 1,500 tons it’s holding.  In fact, when Germany asked for this delivery last year, the Fed said no.  But it said we will give you back 300 tons . . . . So, they said we will give you back 20% of what you trusted us to keep for you over the next seven years, but they are not even able to do that.”  Dr. Roberts goes on to say, “The stocks of gold at the Bank of England seem to be disappearing.  The stocks of many of the gold trusts, such as GLD, are being looted . . . all of this gold is disappearing into Asian markets.  The entire West is being drained of gold.”  According to Dr. Roberts, this is an inflection point for the gold market.  Dr. Roberts says, “The reason is: the ability to supply large amounts of gold to the bullion dealers to sell has diminished with the supply of gold and silver.  What the Fed did was turn to massive ‘naked shorts’ of gold futures contracts.  They don’t have the real gold  . . . so they come in and dump contracts, say in a period of 6 minutes, that are three times the amount of gold COMEX has to make delivery. . . . So, it drives down the price of gold.  That’s how they got the price down from $ 1,900 to $ 1,250.” 


Roberts contends that America’s gold is “mainly gone.” That’s right, a former Assistant Treasury Secretary who is the father of Reaganomics, says, “They obviously don’t have any because, if they did, they would have given Germany’s gold back.  If they had any, they would let people audit the vaults.”  Dr. Roberts warns, “The point is the ability to continue selling these ‘naked shorts’ is now disappearing because there is no gold left to back them up. . . . None of these EFT’s has the gold to back the shares.  The ability to continue looting them in order to make good on gold deliveries is running out.  So, this will prevent the Fed from selling ‘naked shorts’ to protect the dollar from its policy of quantitative easing.  That’s what’s it’s all about.  You can’t print $ 1,000 billion new dollars every year without causing other holders of dollars to wonder about the value of the money and to seek a way of getting out of it.  China has been doing that by going into gold.” 


On gold holdings, Dr. Roberts argues there are two big reasons why he says, “I don’t think they have any.”  Roberts says, “There is no reason for partial delivery if you have the gold.  There is no reason to sell all these naked shorts if you have the real gold you can dump on the market.”  Roberts predicts, “If people in the West try to move from dollars into bullion and there’s not any to speak of, then you would see a massive rise in the price.”  Dr. Roberts also predicts, “I think, this year, you are going to see a further downturn in the economy.  The signs are not only that we do not have a recovery, but it’s going to get worse. . . . Christmas sales were very negative.  There’s no growth in people’s income and no jobs.  So, if the economy goes down further, what does that mean?  It means the deficit widens.  It means they have a greater debt ceiling lift.  They have to have a bigger debt ceiling increase, and all of this will alarm the world.  They’ll say, good heavens, they already had a trillion dollar deficit.  Now it’s gone up, and the Fed can’t stop the quantitative easing without the stock and bond market collapsing.  The banks’ solvency will become an issue.  So, the world is watching a bigger deficit, more printing of money, and they are likely to start dumping dollars.  When they do that, they’ll say ‘gold, I want gold.’  There’s not much supply to meet demand, and the price has to escalate.  So, I wouldn’t be surprised if that shows up this year.”   


Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.


After the interview, Dr. Roberts said, “Here’s another heads up.”  He told me he’s going to post an article from an anonymous insider that will address the question of “estate recovery” contained in Obama Care.  Dr. Roberts charges, “The Affordable Care Act is not affordable and doesn’t provide care.  It’s a way to loot the poorest people and steal whatever assets they have.”  Roberts says the upcoming article will show, “The poorest who are supposed to be helped are herded into Medicaid, where any property they own is subject to estate recovery.”




Greg Hunter’s USAWatchdogGreg Hunter’s USAWatchdog



Fed-They Do Not Have Any More Gold-Paul Craig Roberts

Friday, October 25, 2013

US fiscal cliff, a political jockeying: Dr Paul Craig Roberts

US fiscal cliff, a political jockeying: Dr Paul Craig Roberts
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US fiscal cliff, a political jockeying: Dr Paul Craig Roberts

A former US Assistant Treasurer says the US Fiscal cliff is mainly hoax and that it amounts to a mere one tenth of the growth of the US public Debt per year….
Video Rating: 4 / 5




Read more about US fiscal cliff, a political jockeying: Dr Paul Craig Roberts and other interesting subjects concerning World News Videos at TheDailyNewsReport.com

Wednesday, February 20, 2013

VIDEO: Robin Roberts Returns to GMA After Bone Marrow Transplant

Exactly five months ago Robin Roberts underwent a bone marrow transplant to treat a rare blood disorder known as MDS. And on Wednesday she received a very special welcome on her first day back. Even the President and Michelle Obama wished her well and the First Lady said she was looking forward to their upcoming interview! Yep, Robin will be interviewing FLOTUS in a few days. Talk about going from zero to 60! Plus, she will be on the red carpet at the Oscars this Sunday! Way to go Robin! Welcome back!

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VIDEO: Robin Roberts Returns to GMA After Bone Marrow Transplant

VIDEO: Robin Roberts Returns to GMA After Bone Marrow Transplant

Exactly five months ago Robin Roberts underwent a bone marrow transplant to treat a rare blood disorder known as MDS. And on Wednesday she received a very special welcome on her first day back. Even the President and Michelle Obama wished her well and the First Lady said she was looking forward to their upcoming interview! Yep, Robin will be interviewing FLOTUS in a few days. Talk about going from zero to 60! Plus, she will be on the red carpet at the Oscars this Sunday! Way to go Robin! Welcome back!

Thanks for checking us out. Please take a look at the rest of our videos and articles.


To stay in the loop, bookmark our homepage.


VIDEO: Robin Roberts Returns to GMA After Bone Marrow Transplant