Mr. Alito doesn't do CBS...

From MSNBC: Supreme Court Justice Samuel Alito didn't like hearing President Barack Obama publicly criticize the high court's ruling removing corporate campaign spending limits — and he didn't try to hide it.Alito made a dismissive face, shook his head repeatedly and appeared to mouth the words "not true" or possibly "simply not true" when Obama assailed the decision Wednesday night in his State of the Union address.The president had taken the unusual step of publicly scolding the high court, with some of its members in robes seated before him in the House. "With all due deference to the separation of powers," he said, the court last week "reversed a century of law that I believe will open the floodgates for special interests — including foreign corporations — to spend without limit in our elections." *************

Turns out that Mr. Alito does not read the papers or follow the news. Today CBS reported its earnings and commented on its expectations for this year...The Ruling, according to CBS Q&A, can bring in $500 Million more into the mid-term election fights.

On the Call: CBS CEO Leslie Moonves - Yahoo! Finance: "CBS Corp. is predicting a banner year for political ad spending, thanks in part to the Democrats losing their super-majority in the Senate, and a Supreme Court ruling last month that lets corporations buy ads for candidates.

When asked about how much the midterm elections would benefit CBS, Chief Executive Leslie Moonves said on the company's fourth-quarter conference call Thursday that the Supreme Court ruling itself could bring $500 million extra spending into ad markets."CBS Corp. is predicting a banner year for political ad spending, thanks in part to the Democrats losing their super-majority in the Senate, and a Supreme Court ruling last month that lets corporations buy ads for candidates.When asked about how much the midterm elections would benefit CBS, Chief Executive Leslie Moonves said on the company's fourth-quarter conference call Thursday that the Supreme Court ruling itself could bring $500 million extra spending into ad markets.

QUESTION: We were showing that in the last midterm election your stations did about $160 million (in political ad revenue), and that is what we were using until the Supreme Court decision. Could you provide any granularity around what the last presidential cycle was, because it feels to us like that is going to be the better comparison given the new rules at the Supreme Court?

RESPONSE: "The last presidential cycle was somewhat down from that, from the off cycle.

There are a lot of things that we feel are giving us wind at our back regarding that. Number one, as you have seen, there are a lot more political contests than one would have expected even three or four months ago, also because of what happened in Massachusetts. There are a lot more races that we think are going to be rather hotly contested and that there is going to be a lot of money behind them. Then you add to that the Supreme Court ruling, which some say could bring in another $500 million to the political marketplace, and once again we don't know what that is, but generally speaking, we have gotten approximately 10 percent of what is out there. So it is difficult to project, but to put us around the $200 million mark would not be that far out, I don't believe."