Obama Considers Allowing Corporate Cash for Inauguration
12:36 PM, Nov 23, 2012 • By DANIEL HALPER
President Barack Obama is reportedly considering the use of the corporate cash to help pay for inauguration. The thinking is, after a long and very expensive presidential campaign, donors might be too spent to pick up the tab.
"President Barack Obama's fundraising advisers have urged the White House to accept corporate donations for his January 2013 inaugural celebration rather than rely exclusively on weary donors who underwrote his $1 billion re-election effort. People involved in his re-election campaign said White House staff and campaign advisers have been debating whether to accept corporate money to stage the events but haven't made a final decision," the Wall Street Journal reports.
The use of corporate cash would finalize Obama's shift away from his official 2008 position on corporations and political cash. "Four years ago Mr. Obama barred corporations from donating to his inauguration, a gesture meant to show that well-heeled interests wouldn't have undue influence in his administration," reports the Journal.
But with the conclusion of Obama's last political election ever, there is less reason than ever before for pretense. And that's proven by the fact that these discussions to allow coporate cash are even taking place by people close to Obama.