Court Ruling Reverses Campaign Spending Law

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The U.S. Supreme Court recently ruled that corporations and unions can spend money supporting and opposing candidates. The decision strikes down a 20-year-old ruling that limited corporate-paid ads.

The five justices who voted to change the rules said it had been a form of "censorship." But the four who wanted to keep them in place said this ruling "threatens the integrity of elected institutions."

Legislative leaders said the ruling is "outrageous" and promised to act, but it is uncertain of what they could do.

"It's absolutely outrageous and we've got to find a way to deal with it," said Senate Majority Leader Michael Gronstal, D-Council Bluffs. "I am on the side of ordinary working families when it comes to political campaigns. We are going to do our very best to deal with this issue."

President Barack Obama also blasted the decision, saying it "will lead to a stampede of special interest money in our politics." Obama plans to work with Democrats and Republicans in Congress to come up with a "forceful response" to the high court's action.

*Originally aired Janurary 22, 2010.

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