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February 1, 2010

Where does Wall Street meet Madison Avenue? At the U.S. Supreme Court

Posted under: Why the Supreme Court Matters To You— Rob Sachs @ 11:18 am

Question: Where does Wall Street meet Madison Avenue?

Answer: At the U.S. Supreme Court!

Now I’m not a native New Yorker, but with a quick trip to GoogleMaps, even I can figure out that Wall Street never meets Madison Avenue. Madison Avenue, of course, is the legendary base of our nation’s largest advertising firms. Wall Street, well, you know who they are.

That all changed on January 21st when the U.S. Supreme Court rewrote the map of political campaign funding by paving the road for corporations (including those titans of Wall Street who were still busy counting their record bonuses when they got this extra bonus from the Court) to directly finance political advertisements.

This is nothing less than a new bailout for corporate America. Now they can advance their political (read self-serving) agenda with huge financial underwriting of ads favoring candidates who will support laws that will give them and unchecked ability to pursue profits at the expense of everything…including safety in vital industries like health care, trucking and hundreds of other businesses that will make your lives more dangerous.

Do you want quick confirmation of what kind of special corporate interests were backing this decision, take a look at the “friend of the court” (amicus) briefs filed by the likes of the NRA and the Chamber of Commerce.

Don’t just take my word for the impact of this decision. Here’s a link to President Obama’s comments about this decision.

This is a huge change in the political landscape that your legislators need to address immediately. I urge you to contact your legislator and return the voice of the electorate to the people and not to Wall Street. Tell them: “DON’T LET WALL STREET MEET MADISON AVENUE!”

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