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Obama to take corporate cash for inauguration
politico44 ^ | 12/2/12 | DONOVAN SLACK

Posted on 12/07/2012 10:28:58 AM PST by ColdOne

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.

The cost of an Inauguration can run into the tens of millions. Obama spent $47 million in 2009. And raising that in a matter of six weeks is too difficult without throwing open the flood gates, said the sources, who spoke on condition of anonymity.

The inaugural fundraising team will be screening each corporate donation. Those determined to pose a conflict of interest will be returned. For example, any company that still owes stimulus money or is vying for a big federal contact may be excluded.

The sources said that like last time, the committee will not accept money from lobbyists or PACs. And they said the identity of all contributors and the amounts they give will be disclosed regularly on the committee website.

(Excerpt) Read more at politico.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: corporations; cronyism; donors; hypocrite; lobbyists; rich

1 posted on 12/07/2012 10:28:59 AM PST by ColdOne
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To: ColdOne

Why not take contributions from corportations
Obama and Boehber are both cut from the same cloth in that they are corporate lobbyists .


2 posted on 12/07/2012 10:33:39 AM PST by Tilted Irish Kilt ("You never want a crisis to go to waste..."- Rahm Emanuel)
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To: ColdOne

Now THIS is how you get that Obamacare waiver folks!


3 posted on 12/07/2012 10:35:44 AM PST by The Toll
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To: ColdOne

Please let me know which Corporations donate to this. I will do my best to never again give them business.


4 posted on 12/07/2012 10:36:22 AM PST by originalbuckeye
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To: originalbuckeye

I need that information, too.


5 posted on 12/07/2012 10:41:47 AM PST by Quickgun (I came here screaming and covered in someone else's blood. I can go out that way if I have to)
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To: ColdOne
Photobucket And he will build his Church and many shall worship him. here we go again with the Obama worship crap again.... I wonder how high he will stick his nose in the air this time and look down on his..... Ah.... Zombies.
6 posted on 12/07/2012 10:43:13 AM PST by baddog 219
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To: ColdOne

Donating companies will most likely eventually be taxed out of business.


7 posted on 12/07/2012 10:46:25 AM PST by onedoug
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To: originalbuckeye

First thing I thought of after reading this headline...please tell me who these companies are so I can save some $$$


8 posted on 12/07/2012 10:58:24 AM PST by 4everontheRight (And the story began with..."Once there was a great nation......")
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To: originalbuckeye

Just a humble guess, but I doubt that he gets more than $10 million, and that won’t be enough to run much of a show.


9 posted on 12/07/2012 10:59:43 AM PST by pepsionice
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To: ColdOne
It is a disgrace that a president would have to prostitute himself by begging for corporate donations for his inauguration.
10 posted on 12/07/2012 11:27:02 AM PST by OKRA2012
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To: ColdOne; All
The inaugural fundraising team will be screening each corporate donation. Those determined to pose a conflict of interest will be returned. For example, any company that still owes stimulus money or is vying for a big federal contact may be excluded.
LOL haha! Those are the ones who will pay for it. It says MAY
The sources said that like last time, the committee will not accept money from lobbyists or PACs.
Isn't this the same guy that said there would be no lobbiest in his administration? At last count he has about 40

And they said the identity of all contributors and the amounts they give will be disclosed regularly on the committee website.
Yea, right. Sure they will. Maybe true, but leaving "some" out. Ya think he will list the millions from Soros, ACORN and MSNBC?
11 posted on 12/07/2012 11:59:17 AM PST by Syncro (The Tea Party is Dead-->MSM/Dems/GOP-e -- LONG LIVE THE TEA PARTY!)
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To: ColdOne

Let’s note which corporations are donating. I will do my damndest to not use their goods/products/services.


12 posted on 12/07/2012 12:45:36 PM PST by SoFloFreeper
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To: pepsionice

IIRC, this one is supposed to cost us 150 million


13 posted on 12/07/2012 1:01:42 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: ColdOne

14 posted on 12/07/2012 2:40:59 PM PST by NoLibZone (Secession nation(s) will be free of history tied to slavery.)
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