Last week, the Supreme Court reversed a century of law to open the floodgates for special interests — including foreign corporations — to spend without limit in our elections,” Obama said. “Well I don’t think American elections should be bankrolled by America’s most powerful interests, or worse, by foreign entities. They should be decided by the American people, and that’s why I’m urging Democrats and Republicans to pass a bill that helps to right this wrong. - President Obama.
He's right. We're seeing no names in the Midwest throwing together multi million dollar campaigns, without breaking a sweat, raising those funds. How long is it going to take, until we start to get entities like The Death Star and Skywalker America donating millions to other no names?
So, if anything, uncertainties about how foreign-owned U.S. subsidiaries would be treated only further muddies the question. Based on our reading of the court's opinion and interviews with campaign law experts, we find that Obama has overstated the ruling's immediate impact on foreign companies' ability to spend unlimited money in U.S. political campaigns. While such an outcome may be possible, the majority opinion specifically said it wasn't addressing that point, and only further litigation would settle the matter once and for all. So we find Obama's claim to be Barely True. - politifact.com
Really, "barely true?"
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