Coming to a political campaign near you...

More corporate money.

The Supreme Court ruled today that corporations (and unions) can spend unlimited amounts of money in federal elections:

Sweeping aside a century-old understanding and overruling two important precedents, a bitterly divided Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections.

The ruling was a vindication, the majority said, of the First Amendment’s most basic free speech principle — that the government has no business regulating political speech. The dissenters said allowing corporate money to flood the political marketplace will corrupt democracy.

The 5-to-4 decision was a doctrinal earthquake but also a political and practical one. Specialists in campaign finance law said they expected the decision, which also applies to labor unions and other organizations, to reshape the way elections are conducted....

Justice John Paul Stevens read a long dissent from the bench. He said the majority had committed a grave error in treating corporate speech the same as that of human beings. His decision was joined by the other three members of the court’s liberal wing.

Senator Russ Feingold of Wisconsin, an author of the McCain-Feingold campaign finance law, called the ruling “a terrible mistake.”

“Ignoring important principles of judicial restraint and respect for precedent, the Court has given corporate money a breathtaking new role in federal campaigns,” said Mr. Feingold, a Democrat.

In my opinion, one of the biggest mistakes the Supreme Court ever made was that corporations should be treated as "persons." Meanwhile, gays and lesbians are deprived of the right to marry because there relationships somehow aren't good enough.

Check out these older posts on a related Stephen Colbert piece and a documentary, The Corporation.