January 27th, 2010
10:12 PM ET
10 years ago

PolitiFact: Floodgates opened to foreign firms?

(PolitiFact) - Obama says Supreme Court ruling allows foreign companies to spend money on U.S. elections.

Verdict: Barely True

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soundoff (13 Responses)
  1. John Burns

    barely true?

    It is ENTIRELY true. They struck down the law. The whole law. Foreign money can come in through a corporation. Fact.

    Quit trying to be Fox News.

    January 27, 2010 10:26 pm at 10:26 pm |
  2. bs

    The libs are just afraid of this ruling because now the unions and the community organizers will have some competition in the elections

    January 27, 2010 10:29 pm at 10:29 pm |
  3. J.C. - Independent 4 Public Option

    When no distinction is made between a corporation and an individual, there will be serious consequences. Corporate greed will invite unfriendly take-over of their corporation by foreign entities.

    January 27, 2010 10:33 pm at 10:33 pm |
  4. Albert K. L.A., CA

    "Verdict: Barely True" You lie!. Many so called American corporations, including the most well known names, have most of their stock in the hands of foreign investors. Any kid can tell you the Joker is fiction thus has no God given human rights. Freedom of speech is a “Human right” thus only humans are protected, not fictitious entities. When civil officers (including Court Justices) act under color of authority aiding foreign fictitious entities to impact lawmaking and elections with unlimited cash bribery, it is a national security high crime. If Congress fails to impeach this gang of five Supreme Court Justices it will expose how infested government is with global corporate loyalist.

    January 27, 2010 10:36 pm at 10:36 pm |
  5. Angie

    Barely true?

    Most American Corporations are not American owned anymore.

    Barely true?

    Most American corporations are owned by foreign investors, foreign companies, foreign governments that own the companies in their countries.

    Barely true?

    Most American corporations have suffered either take overs or mergers with companies that have foreign investors and foreign partnership.

    Barely true?

    Are you sure about that one?

    January 27, 2010 10:40 pm at 10:40 pm |
  6. Albert K. L.A., CA

    I am a corporation but being a fictitious person doesn’t stop me from having constitutionally protected human rights of life, liberty, property, free speech, free press, and even the right to keep and bear arms. I do business but my real job is to protect the personal assets of my stock holders who are not liable when I do wrong, and yes, I do wrong, but the tradeoff is I pay taxes, which hurts because I deeply believe “money is God.” Hey, maybe that qualifies me for tax exempt status as a church. One thing is for sure, don't ever expect to see me serving in the military because I can't live on a selfless hero’s salary no-kind-of-way. No, ypu will never see a folded flag being handed to a grieving CEO as a symbol of appreciation for services rendered by his loved one because it just ain't my cup of tea to volunteer for service.

    January 27, 2010 10:44 pm at 10:44 pm |
  7. OMG

    What do you mean, "Barely True"...don't you mean MISLEADING???? Sort of like the "news" you try to be objective at CNN.

    January 27, 2010 11:00 pm at 11:00 pm |
  8. Myself

    Your verdict is not right... Dont play kids game...
    Supreme Court ruling allows corporations to spend money, and it didnt differentiate between corporations. The editor should know the term, "Transnational". There is no nationalities to these corporations, and no one can stop funding their own candidates...

    January 27, 2010 11:02 pm at 11:02 pm |
  9. Nathan

    Politifact concluded this claim might very well be accurate but no one can know for sure until it's tested in court. With a conclusions like that, how did this get the rating one step up from "False"? They couldn't even give it a "Half True"?

    This statement is far more true than just "barely". Give me a break.

    January 27, 2010 11:33 pm at 11:33 pm |
  10. Steve

    "Barely True"??? Something's either true or it's not! If this doesn't prove the right wing adgenda on this news site, I don't know what does!!!

    January 28, 2010 12:47 am at 12:47 am |
  11. Keith Redding

    he said and your article backs this up that it could lead to the flood gate being opened to foreign companies influence. Not that it was already there, and I agree with this accessment. Not only foreign but more influence from groups such as the insurance industry, as we have already seen with the way the industry has influenced the changes to the health care bill, making sure that the public option disappeared

    January 28, 2010 01:04 am at 1:04 am |
  12. A Nair

    Boo on CNN, you say it barely true but that is laden with opinion, the article you site says it all true just depends if the foreign companies would want to try; if they tried before what make you think they won't try again?

    "They said Obama was correct that the ruling could open the door to foreign companies spending on American campaigns, given the general direction of the majority's opinion."

    January 28, 2010 02:48 am at 2:48 am |
  13. Truth Squad

    This from a guy who most likely got tons of cash from foreigners through the unregulated and unchecked internet.

    Hillarious that all along The News Media, Unions and non-profits all had unfettered access to saying and doing what they wanted but "Corporations" those evil non-entities, couldn't.

    Once again the SCOTUS rules on the side of equal treatment for all.

    January 28, 2010 03:06 am at 3:06 am |