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WASHINGTON -- President Barack Obama's inauguration committee will accept unlimited corporate contributions to fund its January festivities, a spokeswoman for the Presidential Inaugural Committee confirmed to The Huffington Post on Friday.
"To help cover the cost of the public events, the 2013 Presidential Inaugural Committee will be accepting contributions from individual and institutional donors in compliance with the laws governing contributions to an Inaugural Committee," said spokeswoman Addie Whisenant. "The PIC will not be accepting donations from lobbyists or PACs and will not be entering into any sponsorship agreements with individuals or corporations."
The decision marks a reversal of the self-imposed ban that Obama's inaugural team placed on corporate donations in 2008 -- and opens the floodgates to massive amounts of corporate cash funding official balls and other public events. It also likely reflects lessons learned with this summer's Democratic National Convention, for which Democrats initially banned corporate money but then devised a loophole through their own ban when funds came up short for the four-day event.
"Our goal is to make sure that we will meet the fundraising requirements for this civic event after the most expensive presidential campaign in history," said Whisenant. "To ensure continued transparency, all names of donors will be posted to a regularly updated website.".....snip~
http://www.huffingtonpost.com/2012/12/07/obama-inauguration-corporate-donations_n_2258231.html
Updated: 12/07/2012 4:54 pm EST<<<<< more here.
Team Obama now reverses what he said before about taking Corporate Donations.....so he says the WH will print out who all the Donors and have it up on their Website. Also they state they could turn those away that have to do with going against Obama's policy. Course accepting this means Corporations can expect some favors.
"To help cover the cost of the public events, the 2013 Presidential Inaugural Committee will be accepting contributions from individual and institutional donors in compliance with the laws governing contributions to an Inaugural Committee," said spokeswoman Addie Whisenant. "The PIC will not be accepting donations from lobbyists or PACs and will not be entering into any sponsorship agreements with individuals or corporations."
The decision marks a reversal of the self-imposed ban that Obama's inaugural team placed on corporate donations in 2008 -- and opens the floodgates to massive amounts of corporate cash funding official balls and other public events. It also likely reflects lessons learned with this summer's Democratic National Convention, for which Democrats initially banned corporate money but then devised a loophole through their own ban when funds came up short for the four-day event.
"Our goal is to make sure that we will meet the fundraising requirements for this civic event after the most expensive presidential campaign in history," said Whisenant. "To ensure continued transparency, all names of donors will be posted to a regularly updated website.".....snip~
http://www.huffingtonpost.com/2012/12/07/obama-inauguration-corporate-donations_n_2258231.html
Updated: 12/07/2012 4:54 pm EST<<<<< more here.
Team Obama now reverses what he said before about taking Corporate Donations.....so he says the WH will print out who all the Donors and have it up on their Website. Also they state they could turn those away that have to do with going against Obama's policy. Course accepting this means Corporations can expect some favors.
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