Is Supreme Court Right and Obama Wrong on Campaign Spending?

Was overturning the limit on corporate donations best for the country?

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Thursday, in a 5-4 vote, the Supreme Court overturned restrictions--previously set by the Campaign Reform Act of 2002--on campaign spending by corporations. According to the New York Times, President Obama criticized the ruling, calling the decision "a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans." Those who agree with the president worry that the ruling will change the way elections are conducted, and that the possibility for corruption will be much greater. Others disagree, saying that the ban had been an infringement on the constitutional right of corporations to free speech.

What do you think? What are the ramifications of the Supreme Court's decisions? Take our poll and post your thoughts below.

This poll is now closed, but the debate continues in the comments section.

Previously: What Should Obama Do About Health Reform Now?