August 29, 2012

Obama suggests amendment on money in politics

The Associated Press

WASHINGTON — President Barack Obama says the nation should consider mobilizing behind a constitutional amendment process to overturn the Supreme Court ruling that loosened restrictions on money in politics.

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President Barack Obama speaks at a campaign event, Wednesday, Aug. 29, 2012 in Charlottesville, Va. (AP Photo/Pablo Martinez Monsivais)

Obama made the comment Wednesday in an online chat with the website Reddit. The 2010 Citizens United ruling paved the way for a flood of campaign cash from corporations, unions and wealthy interests.

The president says that even if the amendment process fell short, "it can shine a spotlight" on super PACs and, in his words, "help apply pressure for change."

Obama says that in the meantime there's a need for more disclosure of the large campaign contributions flowing into super PACs and that such contributions, quote, "fundamentally threaten to overwhelm the political process.

 

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