Under current system, corporations can buy America -- or at least its government, Begala says

A $4 billion investment for a mega-corporation could land it control of the U.S. Congress and president thanks the current campaign finance landscape, said Democratic strategist Paul Begala.

Begala explained how a corporation could exploit the system that allows corporations to make unlimited contributions to groups aimed at influencing elections. (6:50)

Begala and William Kristol, the editor of the Weekly Standard and a contributor to Fox News, were in Kentucky earlier this month to speak at the Kentucky Chamber of Commerce annual meeting in Louisville.

Begala, the former consultant to President Bill Clinton, is currently leading a super PAC that is supporting President Barack Obama. He said he’d rather be put out of business by a change in the law.

Kristol, however, argued the system is currently “healthier.” Hear why at 4:00 of the interview.

This segment started with a question about whether Obama will try to target Republican congressional leaders, such as Kentucky U.S. Sen. Mitch McConnell, as foils in this fall’s election. Clinton successfully did that in 1996 by jabbing at then-House Speaker Newt Gingrich.