September 07, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
I SINCERELY BELIEVE THE SUPREME COURT'S Citizens United DECISION WILL BRING ABOUT THE END OF OUR DEMOCRACY. I HAVE ALREADY SEEN ITS DEVASTATING EFFECTS IN FLORIDA WITH RICK SCOTT'S ABILITY TO "BUY" THE GOVERNORSHIP WITH HIS ILL GOTTEN FORTUNE. IN THIS INSTANCE CITIZENS KNEW WHERE THE MONEY CAME FROM BUT CAME TO BELIEVE SCOTT'S LIES ABOUT ALEX SINK BECAUSE THEY AIRED ON TV CONSTANTLY THROUGHOUT THE CAMPAIGN.
WHEN UNLIMITED FUNDS CAN BE SPENT IN A CAMPAIGN BY INDIVIDUALS OR CORPORATIONS, THE COUNTRY WILL END UP IN THE HANDS OF THE HIGHEST BIDDER! WE SHOULD AT LEAST KNOW WHO THESE PERSONS OR CORPORATIONS ARE! ! !
Thank you for considering my comment.
Sincerely,
Elisabeth L. Phelps