Friday, June 15, 2012

McCain Attacks Romney Super PAC, Says ‘Corporations Are Not People’

By Josh Israel/Think Progress
Though he has been one of Mitt Romney’s most visible supporters, Sen. John McCain (R-AZ) took aim yesterday at both Romney’s Super PAC and one Romney’s most controversial talking points. In an interview on PBS’sNewsHour, McCain told Judy Woodruff that becausecasino billionaire Sheldon Adelson makes a huge portion of his profits from a casino in Macau, his massive spending in support of Mitt Romney and other right-wing candidates is a form of foreign money influencing American elections:
WOODRUFF: This question of campaign money, highlighted today by the announcement that there’s a huge amount of money coming in from one donor in the state of Nevada.
MCCAIN: Mmmm hmmm. Mr. Adeleson, who gave large amounts of money to the Gingrich campaign and much of Mr. Adeleson’s casino profits, that go to him, come from this casino in Macau.
WOODRUFF: Which says what?
MCCAIN: This which says that obviously, maybe in a round-about way, foreign money is coming into an American campaign, political campaigns.
WOODRUFF: Because of the profits that the casinos in Macau…
MCCAIN: Yes, that is a great deal of money. And, again, we need a level playing field and we need to go back to the realization that Teddy Roosevelt had that we have to have a limit on the flow of money and that corporations are not people. That’s why we have different laws that govern corporations than govern individual citizens. And so to say that corporations are people, again, flies in the face of all the traditional Supreme Court decisions that we have made — that have been made in the past.
Watch the video:
Romney, of course, said in August that “corporations are people, my friend,” a claim that he and his campaign surrogates have vigorously defended since.
Adelson gave $10 million to the pro-Romney Restore Our Future Super PAC this week — after giving millions more to fund a pro-Newt Gingrich Super PAC’s attacks on Romney during the GOP primaries. According to Forbes, Adelson and his wife are willing to spend a “limitless” amount in order to defeat President Obama.
Though it is illegal for non-citizens to spend any money to influence U.S. selections directly, the Supreme Court’s 5-4 Citizens United ruling left the door wide open for the American employees of American subsidiaries of foreign owned corporations — and even sovereign wealth funds — to spend millions or billions from their corporate treasuries on “independent” expenditures.
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