Foreign Money is influencing elections says McCain
ohn McCain the Senator from Arizona says that foreign money has helped Mitt Romney a fellow Republican in his attempt to become President. McCain said that one of Romney’s most generous donators Sheldon Adelson, the casino magnate, who has donated over $10 million to a super PAC that supports Romney, used the super PAC as a conduit to use profits from Macau properties to help shape the elections in the U.S.
McCain also was critical of a ruling by the Supreme Court that gave corporations and individuals the right to make unlimited donations to independent action committees.
McCain said it was huge sums of money and there needed to be a way to have a level playing field. He also said that corporations were not people and there needed to be a control on the flow of money. His comments with regard to corporations were against what Romney believes.
Romney told a heckler last year that corporations are his friends and are people. Critics of Romney seized on his comments saying it was proof the well to do candidate favored corporations over individuals.
McCain was a rival of Romney in 2008 and is now one of the biggest supporters of the former Governor of Massachusetts. Nevertheless, he said the Supreme Court was wrong in the case that opened the door for super PACs. He said the high court’s decision was misguided, uniformed, naive and egregious.
McCain has long been critical of money’s role in today’s politics and despite supporting Romney, he worked with Russ Feingold a Democratic Senator on overhauling campaign finance laws back in 2002 that limits the amount of donations to candidates. However, those rules are not applicable to the independent super PACs like the one Adelson donated to.