This Inauguration Has Been Brought To You By...
Suddenly, big business doesn't seem so bad:
President Barack Obama will accept unlimited corporate donations for his Inauguration in January, reversing his position from his first Inauguration, according to two sources close to the planning.So when can we expect the next round of waivers and bailouts/subsidies to begin?
There are no legal limits for inauguration donations, but four years ago, the president capped all contributions at $50,000 and barred companies from kicking in any money. Obama had also banned corporate money from the 2012 Democratic National Convention.
But the sources say the new decision is driven by pragmatism: The president and his team just wrapped up the most expensive campaign in history — with costs topping $1 billion — and they’ve determined that their donors are simply tapped out.