Obama Will Take Corporate Cash for Inaugural Parties
It's a 'symbolic reversal' after 2009 festivities: Politico
By Matt Cantor, Newser User
Posted Dec 8, 2012 7:40 AM CST
President Barack Obama and first Lady Michelle Obama look to the stage during the National Christmas Tree Lighting on the Ellipse, Thursday, Dec. 6, 2012, in Washington.   (AP Photo/Carolyn Kaster)

(Newser) – One way President Obama's second inauguration will differ from his first: This time, he's accepting unlimited corporate funds for parties and receptions, a rep says. He still won't take money from PACs or lobbyists, the New York Times notes, and with the economy in mind, his inaugural committee plans to keep things more low-key this year. In 2009, there were 10 official balls; this year, the number is down to three, with one for Obama's national finance committee, one for the military, and a presidential ball.

In another change from 2009, donations of more than $250,000 from individuals and $1 million from institutions bring access to the most exclusive events. Previously, donations were limited to $50,000 per person and $100,000 per couple. The decision comes amid donor fatigue following history's most expensive campaign, the Times notes. Though the administration says it will not accept money from corporations with conflicts of interests, watchdog groups have attacked the shift. "There’s no corporation which has no conflict of interest," says one. It's a "significant symbolic reversal," notes Politico, from a president whose team initially rejected corporate money as part of a "commitment to change business as usual in Washington."

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Obama Will Take Corporate Cash for Inaugural Parties is...
Show results without voting
You Might Like
Showing 3 of 26 comments
Dec 9, 2012 2:51 PM CST
He smiling just thing about that big fat blunt he can smoke.
Dec 9, 2012 11:45 AM CST
King Obama is taking much more than a few bucks for parties; for example, his Christmas vacation at taxpayers' expense. To fly him, his wife, two daughters, and a dog to Hawaii will cost taxpayers' an estimated $3,639,622. Hail, King Obama, Our Dear Leader.
Dec 9, 2012 11:19 AM CST
how about putting that money to help ppl in need you asshole o