President Obama Criticizes Supreme Court Ruling

Today, President Obama in his weekly address to the nation sharply criticized the 5-4 decision by the Supreme Court to overturned parts of a 63-year-old law that prohibited companies and unions  from using their own money to produce and run campaign ads that support or urge the defeat of a particular candidate.  He said he couldn't "think of anything more devastating to the public interest."

He went on to say, "This ruling opens the floodgates for an unlimited amount of special interest money into our democracy . . . It gives the special interest lobbyists new leverage to spend millions on advertising to persuade elected officials to vote their way -- or to punish those who don't."

"The last thing we need to do is hand more influence to the lobbyists in Washington or more power to the special interests to tip the outcome of elections."

Watch the video of the President's address below: