Breaking: Super PACs are OK Now

Here’s President Obama back when the Supreme Court blocked a ban on corporate political spending and “Super PACs”:

President Obama called it “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.”

Fast forward to yesterday:

President Barack Obama’s campaign is asking top fundraisers to support a Democratic-leaning outside group that is backing the president’s re-election bid, reversing Obama’s opposition to “super” political action committees, which can spend unlimited amounts of cash to influence elections.

The reasoning for the flip:

But Team Obama argued Monday night that it cannot allow for “two sets of rules” in which the GOP presidential nominee benefits from “unlimited spending and Democrats unilaterally disarm.”
[…]
“We decided to do this because we can’t afford for the work you’re doing in your communities, and the grassroots donations you give to support it, to be destroyed by hundreds of millions of dollars in negative ads,” the President’s campaign manager Jim Messina wrote in an e-mail to supporters.

So does this pro-Obama Super-PAC mean a victory for big oil, Wall Street banks and health insurance companies… or is that just when Republicans do it?

Basically Team Obama’s stance all along was to look tough by opposing Super-PACs as long as they weren’t legal anyway. Now that Super PACs are legal, they claim to have to participate in the system in order to compete. It was a very principled stand.

Bottom line: Obama says Super PACs are okay now. So it is written, so it shall be done.