Hillary loves pointing out that the notorious Citizens United case was about her: an anti-Hillary film that ran afoul of federal regulation. But the Supreme Court ruled that, under the First Amendment, the government can’t stop anyone from producing and distributing a political film. I think that was right.
Critics complain this opened the door to unrestrained campaign spending, allowing elections to be bought.

Were the spending all one sided, that would be a problem. But it can never happen in this big diverse country. By and large the two parties are fairly matched in fund-raising ability; and a candidate with substantial public support can always raise the sums needed to be competitive (as Bernie Sanders has done).
But our political spending regime is an opaque mess, dominated by unaccountable “Super PACs” (“political action committees’). The problem is not Citizens United but, rather, the whole Federal Elections schema set up by Congress (in the 2002 McCain-Feingold law) to regulate campaign spending. Jeb Bush himself called it “ridiculous.”

This is the system Bush criticized. Instead, he said, there should be no restrictions on spending for political advocacy – and it should be allowed to go directly to candidates, who’d be accountable for it – with full disclosure required (which is not true for PACs).
Now, can you imagine if Congress furthermore made it illegal for an advocacy organization to run ads criticizing a legislator within 60 days of an election? In America? Maybe in Russia. Yet Congress did exactly that, as part of the aforementioned federal election regime. It’s a blatant incumbent protection scheme that strikes the First Amendment in its gut.

In a free, democratic country, I think government has no business regulating, at all, the landscape of political advocacy. Government itself is not disinterested, and certainly the elected officials who run it are not. This is a power inviting abuse. Remember the Alien and Sedition laws, that made it a crime to criticize the government?
In a democracy, all interests, that have a legitimate concern with what government does, should have an unrestricted right to advocate for their viewpoints in the forum of public opinion. That includes TV ads. And it includes corporations. They too are legitimate parts of our society and should have the right to make their voices heard in public debate.

Democracy is threatened far less by free campaign spending than by government measures to suppress it.
* Well – left wingers tend to believe exactly that.
