Loophole Allows Saudi Arabian Businesses to Spend Freely in Our Election
Lee Fang on October 11, 2012 – 4:22 AM ET
Some Republican bloggers have circulated what seems to be a complete dud of a story about foreigners donating discretely to the Obama campaign using credit cards. Yesterday, Josh Israel demolished what was left of the pseudo-scandal. There’s actually a more significant loophole that should give anyone pause.
Foreign corporations can in fact influence American democracy in pernicious ways. For instance, how can Saudi Arabia and other oil-rich countries keep us dependent on fossil fuels? Well, thanks in part to the Citizens United decision, a new loophole allows foreign corporations to spend unlimited, undisclosed amounts on American elections.
Saudi-funded groups have run ads against Senator Claire McCaskill, a Democrat in Missouri, as well as in support of Tommy Thompson, a Republican in Wisconsin. But in both cases, they’ve been able to conceal the spending behind a wall of secrecy, and under the banner of groups with “American” in the name.