Supreme Court Delivers More Bad News

Friday, 01/22/2010 - 10:07 am by Bo Cutter | 2 Comments

justice-zone-150Shaping the future with today’s choices.

The Supreme Court just voted 5-4 — and yes, all of the votes were the way you would expect — to allow corporations and unions unlimited ability to invest in elections. They didn’t, of course, use the word “invest,” I did. This is really crazy. If you want to answer the question why doesn’t Washington work; or why is our political system in such gridlock; or why do our politicians seem to act the way they do; after you look at everything, the answer is always the same — money in politics. This decision will start an arms race in politics that will be almost impossible to turn off and that will make our underlying policies even less rational or directed to the pubic good then they are today. Forget Massachusetts, this decision by the Court is far and away the biggest and worst news of a bad week.

Roosevelt Institute Senior Fellow and Braintruster Bo Cutter is formerly a managing partner of Warburg Pincus, a major global private equity firm. Recently, he served as the leader of President Obama’s Office of Management and Budget (OMB) transition team.

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