March 28, 2014
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investors' money in secret. this downhill spiral sets a dangerous precident. when the wealthy and well connected can spend unlimited amounts of money to determine the outcome of elections (such as we are now witnessing) , then what makes this country any better than RUSSIA or North Korea,or other Government where the participants are puppets of what their GOVERNMENT tells them they can and Cannot do . Total autocratic governments. this is nothing new to politics, but on a whole new and dangerous scale. during the time of the "Robber barons" JP Morgan, the Rockefellers spent millions on election outcomes. they were succesful but not to the extent we are now witnessing. this virtually eliminates competition for fair government. and it makes me sick!! this is not the way the United States should operate. this must stop.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
Thank you for considering my comment.