ABC News has learned that the Presidential Inaugural Committee will accept unlimited corporate donations to help fund Obama's inauguration festivities next month, reversing a voluntary ban on the money he imposed on the inaugural four years ago and during the 2012 Democratic National Convention.
Bush Inaugural to Ride High on Unregulated Corporate Donations
Corporations eager to let the incumbent president know just how much they support his second term are offering the kind of money they were not permitted to directly contribute during the campaign.
Nearly half of the $40 million fundraising goal set by President Bush's private inaugural committee has been met, paid for almost entirely by US corporations. According to a new analysis by the government watchdog group Public Citizen, 96 percent of the $17.8 million raised is from corporations or their chairpersons, CEOs, or presidents.
As of Friday, the Inaugural Committee reported it had reached more than $25 million in contributions, and the final total could well exceed the $40 million in private contributions collected for the 2001 inauguration. By contrast, President Clinton's Inaugural Committee received $23.7 million in 1997, and $33 million in 1993.
Federal elections law prohibits corporate contributions to presidential campaigns, but not for presidential inaugural fundraising. In fact, except for a requirement to disclose contributions of $200 or more and a ban on contributions from foreign nationals, there are no federal limits on what individuals or corporations give.
So you admit that Obama is as bad as Bush. But you knew that already. Deflect, deflect, deflect. Beam me up Scotty.
Sounds pretty stupid, doesnt it?
LadyJazzer wrote: Speaking of "Corporate Whores":
Bush Inaugural to Ride High on Unregulated Corporate Donations
Corporations eager to let the incumbent president know just how much they support his second term are offering the kind of money they were not permitted to directly contribute during the campaign.
Nearly half of the $40 million fundraising goal set by President Bush's private inaugural committee has been met, paid for almost entirely by US corporations. According to a new analysis by the government watchdog group Public Citizen, 96 percent of the $17.8 million raised is from corporations or their chairpersons, CEOs, or presidents.
As of Friday, the Inaugural Committee reported it had reached more than $25 million in contributions, and the final total could well exceed the $40 million in private contributions collected for the 2001 inauguration. By contrast, President Clinton's Inaugural Committee received $23.7 million in 1997, and $33 million in 1993.
Federal elections law prohibits corporate contributions to presidential campaigns, but not for presidential inaugural fundraising. In fact, except for a requirement to disclose contributions of $200 or more and a ban on contributions from foreign nationals, there are no federal limits on what individuals or corporations give.
Who said it's "bad"?... I just figure if you clowns want to use the words "corporate whore" to indicate that private donations are being accepted for the last 30+ years of inaugural activities, I'm more than happy to use the term too...
I admit nothing except that Obama is apparently going to do the same thing Bush and Clinton and "Poppy Bush" and Reagan did... B.F.D.
(I just love it when you start out, "So you admit..." It's like a nice, high, floating lob over the net that I already know I'm going to cram down your throat...) rofllol
Raees wrote: I'd rather corporations foot the bill than taxpayers, but I guess that prospect upsets Martin.
Gee, I thought they were for "privatization--at all costs"?... Like, maybe New Jersey and New York should hire private contractors to clean up after the storm and do all those FEMA-type things...?
Tough choice. Let corporations buy influence and possible loopholes pay for your party. Or make the taxpayers cover it? How about using campaign donations? Or make the parties pay for it? Or best of all donate the money to the debt.
Thomas Sowell: There are no solutions, just trade-offs.
