We petition the Obama administration to end Corporate Lobbying in Congress.
Corporate lobbying serves no purpose but to serve corporate interest. Corporations do not represent citizens; they represent their business’s interest which is to make more profit.
Corporations are mostly unaccountable to the government.
Corporations should not be legally allowed to bribe (buy) our elected officials. Our elected officials should be doing the people’s will, of these whole elected and are sworn to represent and defend.
Sing the petition in the new website launched by the White House to facilitate the petition process, we need 5,000 signature, creat your own petitions to.
Corporate money has corrupted our Democracy.
Exhibit A is our depressed economy: between 1998 and 2008, Wall Street investment firms, commercial banks, hedge funds, real estate companies and insurance conglomerates made $1.725 billion in political contributions to elected officials of both parties in Washington, D.C., and spent another $3.4 billion on lobbyists. This overwhelming financial juggernaut was aimed at eliminating federal regulation of the financial industry – laws that had been in place since the Great Depression to prevent speculation, abusive lending practices and banks becoming “too big to fail.”
It worked. As we explain in “Sold Out: How Wall Street and Washington Betrayed America,” the financial industry got what it wanted from Washington. Then, when the industry collapsed, driving the American economy into a ditch, Wall Street ran back to Washington. Hundreds of firms got bailouts that grew to trillions of dollars, paid for by – who else - American taxpayers.
The rest of us got nothing. No help for our mortgages, our credit cards, our college loans. One out of ten Americans can’t find a job. One of four American families have lived in poverty over the last few years. People have lost their homes, their life savings, their health, their pride and their confidence. Meanwhile, the Wall Street CEOs whose jobs we rescued are making more money than ever before. Our elected officials don’t pay attention to regular Americans because we don’t supply them with the money they need to get elected.
In politics, money has truly become the root of all evil.
There have been many attempts to limit the ability of corporations to empty their treasuries on behalf of candidates and causes who will contribute to their bottom line. Indeed, after every national scandal, public outrage has forced lawmakers to impose restrictions on corporate donations and lobbying. But a series of court decisions gradually whittled away those laws on the ground that spending money on lobbyists and elections is exercising “freedom of speech” and therefore protected by the U.S. Constitution.
The final blow to our democracy came in 2010, when the United States Supreme Court declared that corporations have the same rights as human beings under the First Amendment. The infamous case, Citizens United v. Federal Election Commission, ignited a firestorm of criticism.
According to the U.S. Supreme Court, the right of corporations to spend money to influence elections, even covertly, and to give money and gifts to politicians for the purpose of influencing their votes, is protected by the First Amendment and cannot be limited or regulated.
The Supreme Court’s decision has unleashed a tidal wave of corporate money, often undisclosed, into our elections, one that has drowned out the voices of average Americans and turned our country into an aristocracy in which the People are taxed for the benefit of the powerful elites that run Wall Street and Washington.
All Americans – no matter what your political beliefs – will lose if this Supreme Court decision stands. Our own freedom of speech under the First Amendment is negated when corporations with vastly greater resources start exercising their “freedom of speech.”
The only way to stop this nightmare and restore the rights of Americans is to pass a 28th Amendment to the U.S. Constitution. Here’s the Amendment we propose:
“The protections of the First Amendment that apply to the spending of money on lobbying and elections, whether by contributions, expenditures or otherwise, shall extend only to human beings.”