Inaugural donations from corporations: Not okay in 2009, totally cool in 2013

posted at 3:11 pm on January 21, 2013 by Erika Johnsen

Because accepting donations from those distasteful, money-grubbing corporations is just not acceptable — except, you know, when you really need the money.

In 2008/2009, President Obama’s inaugural committee (amidst much self-promoted fanfare, I might add) decided to buck precedent and announced that they would not be accepting corporate donations or individual donations in excess of $50k in a grandiose display of thwarting special interests.

Now, of course, the situation is quite different — worn-out donors and a still-’recovering’ economy mean that the inaugural committee is totally okay with corporations and the wealthy possibly ingratiating themselves with Team Obama. It is what it is:

President Obama’s second welcome into office will be brought to you by Bank Of America, Coca-Cola and Microsoft.

Those three companies are among the many backers of Obama’s inaugural festivities, according to a list posted by the Presidential Inaugural Committee. Other corporations donating to fund the president’s pomp and circumstance include AT&T and FedEx.

Organizations with lobbying arms that are backing the inauguration — which include labor unions in addition to major corporations — have spent $283 million lobbying since Obama first took office, according to an analysis from the Center for Public Integrity. …

This year though, Obama’s individual donors are worn out. The president won reelection thanks to the most expensive campaign in history, which clocked in $1.4 billion. After the pricey campaign, committee officials were concerned that they wouldn’t be able to raise the necessary funds for the festivities and so they opened it up to corporations, the New York Times reported in December.

Donors include labor unions like the American Federation of Government Employees, the American Postal Workers Union, and the International Brotherhood of Electric Workers; and in barely a week, 2,000 new donors joined the list, including FedEx and Bank of America.

Tim Carney has more on how major corporations that profit from President Obama’s policies are bankrolling his inauguration — and while the inaugural committee is required to keep records of amounts for the eventual FEC filing they’ll have to make, they seem perfectly content to stay mum for now, despite their munificent transparency promises:

So much for transparency — and scruples. This year, Obama is taking unlimited donations, including corporate cash. …

Southern Co., one of the country’s largest energy companies, has given $100,000 to the PIC, company spokesman Tim Leljedal tells me. What value do Southern Co.’s shareholders get from this expenditure? “This is really about supporting the celebration of the presidency,” Leljedal said.

Southern Co. is the biggest beneficiary of Obama’s push for loan guarantees for nuclear power plants, with an $8.3 billion guarantee in the works for a new Georgia plant.

Southern has also received more than half a billion in federal grants under Obama, including hundreds of millions in stimulus funding. This includes money for “smart grid” technology and “carbon capture” aimed at addressing global warming. Some of this taxpayer-funded profit is now flowing into Obama’s coffers.


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corporatism at its finest.

rob verdi on January 21, 2013 at 3:17 PM

FWIW, scrolling through the cable guide, the BET is calling its inauguration coverage “From King to President.” Whatever that means.

Jackalope on January 21, 2013 at 3:17 PM

Although I am skeptical of aspects of his argument, here is a good take on Obama’s america.

http://www.newgeography.com/content/003409-the-new-power-class-who-will-profit-from-obama-s-second-term

rob verdi on January 21, 2013 at 3:19 PM

It’s quite appropriate for our fascist in chief’s inauguration to rely on fascism for funding.

gwelf on January 21, 2013 at 3:21 PM

Hypocrite in chief

TX-96 on January 21, 2013 at 3:22 PM

Spread the Wealth Around” …in Obama’s direction.

kingsjester on January 21, 2013 at 3:23 PM

Justice Alito seen still shaking his head, mumbling something like….”this marxist bred ahole is a freakin con man”.. or something like that.

FlaMurph on January 21, 2013 at 3:25 PM

Crony capitalism benefited most from its alliance with the Big Government of Obama and has generated more profits than ever before… Take a look at Wall Street that is controlled by Limousine liberals and you can see how obvious it is…

mnjg on January 21, 2013 at 3:27 PM

The Dem counter to this is, “Hey! McCain-Feingold fixed this but the Supreme Court Conservatives knocked it down. And Obama(hollow be his name) properly excoriated them for it before he took advantage of it Neener-neener! Besides, it shows how much Obama is loved despite you racists. So there!”

Never mind that Obama&Co (LLC) simply never keep their word about anything.

Liam on January 21, 2013 at 3:28 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

You mean the 47%? Some of us have to work…to support you guys.

Now..Sing Daisy for us, HAL.

kingsjester on January 21, 2013 at 3:36 PM

So much for transparency — and scruples. This year, Obama is taking unlimited donations, including corporate cash. …

Southern Co., one of the country’s largest energy companies, has given $100,000 to the PIC, company spokesman Tim Leljedal tells me. What value do Southern Co.’s shareholders get from this expenditure? “This is really about supporting the celebration of the presidency,” Leljedal said.

Southern Co. is the biggest beneficiary of Obama’s push for loan guarantees for nuclear power plants, with an $8.3 billion guarantee in the works for a new Georgia plant.

Southern has also received more than half a billion in federal grants under Obama, including hundreds of millions in stimulus funding. This includes money for “smart grid” technology and “carbon capture” aimed at addressing global warming. Some of this taxpayer-funded profit is now flowing into Obama’s coffers.

Too bad you guys dont have any credibility here. Your team pioneered corporate corruption.

HotAirLib on January 21, 2013 at 3:37 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

I know the term “work” is totally foreign to you Democrats, but many Americans do not have today off. Most of those who have this day off are Government employees.

F-

Del Dolemonte on January 21, 2013 at 3:39 PM

Your team pioneered corporate corruption.

HotAirLib on January 21, 2013 at 3:37 PM

Democrat Senator (and later Vice President and then President) Lyndon Baines Johnson climbed into bed with KBR, later to become part of Halliburton, 5 years before Dick Cheney was even born. Over the next few decades, he stayed in bed with them, giving them numerous lucrative no-bid contracts during his own War of Choice, Vietnam. When Lady Bird kicked the bucket a few years ago, she was still on their Board of Directors.

In the late 1990′s, Democrat President Bill Clinton also gave Halliburton no-bid contracts, during his own non-UN-sanctioned War of Choice, and more recently, Dear Leader gave Halliburton a no-bid contract before we left Iraq. And then immediately cancelled it so you ignorant Leftists wouldn’t find out about how hypocritical he is.

BTW, your Sugar Daddy, George Soros, purchased $61 million worth of Halliburton stock 6 years ago. You must be so proud of him.

Del Dolemonte on January 21, 2013 at 3:44 PM

Maggot in Chief

Schadenfreude on January 21, 2013 at 3:45 PM

Most of those who have this day off are Government employees maggots.

Del Dolemonte on January 21, 2013 at 3:39 PM

Schadenfreude on January 21, 2013 at 3:46 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

We really do not give a damn about the 51% who voted for Obama… The majority of them are low life parasites living on our expense… In fact half of the 51% who voted for Obama does not give a f*** about the other half who voted for him…

mnjg on January 21, 2013 at 3:48 PM

Too bad you guys dont have any credibility here. Your team pioneered corporate corruption.

HotAirLib on January 21, 2013 at 3:37 PM

.
So in your hypocritical propagandist world, whomever is “first” is the real culprit……so that allows entities such as GE, or Hollywood or say AFSCME or SEIU or the UAW unfettered $$$$ access to the corruption that has now TAKEN OVER Obamanation ? If we didn’t do it first, or aren’t the “pioneers” (just copycats) – its OK then.

Got it. Some are more equal than others.

FlaMurph on January 21, 2013 at 3:49 PM

Your team pioneered corporate corruption.

Ah, but which is worse–the pioneers of a bad thing or those who perpetuate it?

Liam on January 21, 2013 at 3:49 PM

with the rest of the American people moochers/looters.

HotAirLib on January 21, 2013 at 3:32 PM

Decent people are working, to support your Utopian fanfares.

Or they’re gulching and starving you. Soon the beast that feeds you will be famished too but you fools keep dancing.

Schadenfreude on January 21, 2013 at 3:49 PM

In fact half of the 51% who voted for Obama does not give a f*** about the other half who voted for him…
mnjg on January 21, 2013 at 3:48 PM

Including the Obamas, who hate the middle/lower classes. To them they are the scum.

Schadenfreude on January 21, 2013 at 3:51 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

So you like the fascism huh?

And this day isn’t that much different than any others – 4 billion more dollars in debt spending to fund Obama’s crony corporate buddies and keep his political allies solvent.

gwelf on January 21, 2013 at 3:52 PM

Too bad you guys dont have any credibility here.

Well, then, I guess only insane and inane liberals have ‘credibility’ on a Conservative site? And what’s this ‘around here’ bit? Far as I see, liberals are the interlopers (to channel Al Sharpton) around here.

Del Dolemonte: Can we get a Z- for that one? An F- doesn’t quite seem to cover the lameness in this instance.

Liam on January 21, 2013 at 3:53 PM

Too bad you guys dont have any credibility here. Your team pioneered corporate corruption.

HotAirLib on January 21, 2013 at 3:37 PM

We don’t have credibility because you don’t understand history?
Or are you saying that it’s not Obama’s fault he’s a fascist because Boooooosh!!!1!!1!!1!1

Nice try though.

gwelf on January 21, 2013 at 3:55 PM

Too bad you guys dont have any credibility here. Your team pioneered corporate corruption.

HotAirLib on January 21, 2013 at 3:37 PM

You do realize that before WWII got into full swing American progressives were giddy at the fascist rhetoric coming out of Germany and Italy. Progressives have always like the idea of bending corporations to the will of the state and towards collectivist causes. And these relationships have generally always been mutually beneficial to the politicians and the businessmen involved. You liberals love to weasel away from your past and the history of your ideas but you can’t do it here.

gwelf on January 21, 2013 at 4:01 PM

I know Obama’s a fascist and that his immaculation highlights his fascistic nature but can’t we all just get along for one day before he continues “respecting” your individual rights through collective action? What’s the definition of fascism again?

/HotAirLibtard

gwelf on January 21, 2013 at 4:03 PM

gwelf on January 21, 2013 at 4:03 PM

If libs are so big on ‘democracy’, where the majority rules, then HAL is anti-democratic. Despite popular demand, he still refuses to sing Daisy for us.

Liam on January 21, 2013 at 4:10 PM

Nice doo Moochelle. Going for the white chick look I see. It ain’t gonna work either.Lol!

Bmore on January 21, 2013 at 4:18 PM

Barky only took good corporate money, not the stained and evil money that went to Dubya.

Similar to the drone strikes that Dog Eater orders, they are happy happy joy drone strikes, not murderous strikes that happened with Bush.

Bishop on January 21, 2013 at 4:19 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

Indeed, maggots

Schadenfreude on January 21, 2013 at 4:20 PM

Have you noticed that the nation just seems to be running…better…today? Curious, yes.

Bishop on January 21, 2013 at 4:23 PM

HotAirLib on January 21, 2013 at 3:32 PM

Sing high a s s hat.

Bmore on January 21, 2013 at 4:25 PM

Bishop on January 21, 2013 at 4:23 PM

Kinda missing that run it into the ground feel?

Bmore on January 21, 2013 at 4:26 PM

Have you noticed that the nation just seems to be running…better…today? Curious, yes.

Bishop on January 21, 2013 at 4:23 PM

But did you see lostmotherland’s comment where he rejoices in Obama “doing something about us”.

I asked it what it meant and it disappeared.

Schadenfreude on January 21, 2013 at 4:31 PM

Schadenfreude on January 21, 2013 at 4:31 PM

0 won’t do shit. He’s your basic coward. Leftists to heII!

Bmore on January 21, 2013 at 4:36 PM

Off topic/ That Alex Wagner on Msnbc is so hot. If I wasn’t married…..

HotAirLib on January 21, 2013 at 4:36 PM

You’re an idiot.

Bmore on January 21, 2013 at 4:37 PM

But did you see lostmotherland’s comment where he rejoices in Obama “doing something about us”.

I asked it what it meant and it disappeared.

Schadenfreude on January 21, 2013 at 4:31 PM

Liberals hate those kinds of questions. But, rest assured, they’ll come back another time and question us. Then it starts all over again.

Liberals are nothing more than a one-trick pony.

Liam on January 21, 2013 at 4:39 PM

But did you see lostmotherland’s comment where he rejoices in Obama “doing something about us”.

I asked it what it meant and it disappeared.

Schadenfreude on January 21, 2013 at 4:31 PM

The sort of comment that makes me unconsciously check my right side for the gun I keep there.

Bishop on January 21, 2013 at 4:40 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

In all the excitement, almost forgot to give you this message from your comrade lost.

Go find a ditch to die in.
lostmotherland on December 21, 2012 at 6:49 PM

Bmore on January 21, 2013 at 4:53 PM

Go find a ditch to die in.
lostmotherland on December 21, 2012 at 6:49 PM

Bmore on January 21, 2013 at 4:53 PM

You do realize how much he and other trolls really hate you keep showing him out, don’t you?

Every time you spotlight him–because he’s a typical liberal who speaks for them all in his own way because other trolls have yet to condemn him for that–I smile.

Liam on January 21, 2013 at 4:58 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

NEW ORLEANS – At least four people were shot Monday in New Orleans along the route of the city’s Martin Luther King, Jr. Memorial March.

Del Dolemonte on January 21, 2013 at 4:59 PM

I have had a sincere change of heart Liam, the trolls serve as pleasure to me. This was not always the case. I too smile. ; )

Bmore on January 21, 2013 at 5:01 PM

I’m going with the “they broke it – they should have to buy it” camp.

2nd Ammendment Mother on January 21, 2013 at 5:02 PM

Here is the exchange

Thank God BHO will do something (about) you nuts.

lostmotherland on January 21, 2013 at 12:43 PM

What do you fantacize about?

Keep in mind that “you nuts” feed you, you infantile maggot.

Schadenfreude on January 21, 2013 at 1:24 PM

No answer

Schadenfreude on January 21, 2013 at 5:05 PM

Off topic/ That Alex Wagner on Msnbc is so hot. If I wasn’t married…..

HotAirLib on January 21, 2013 at 4:36 PM

Alex Wagner, on Hurricane Sandy’s destruction:

It’s a really good week for the president.

Alex Wagner, on the US Constitution:

I just think in the grand scheme of the rights that we have; the right of assembly, free speech, I mean, owning a gun does not, it does not tally on the same level as those other Constitutional rights.

Alex Wagner, repeatedly talking over a Rick Santorum interview she’s playing on her “show”:

“Oh, Jesus,”

Z-

Del Dolemonte on January 21, 2013 at 5:12 PM

I have had a sincere change of heart Liam, the trolls serve as pleasure to me. This was not always the case. I too smile. ; )

Bmore on January 21, 2013 at 5:01 PM

Liberals are quite the curiosity, aren’t they? I liken them to looking at Yrsinia Pestis under a microscope a moment before quickly incinerating the slide to make sure that bug doesn’t get loose.

Liam on January 21, 2013 at 5:13 PM

This year, Obama is taking unlimited donations, including corporate cash.

And Barry looked out over the city and said “It is good to be the King!”

After all, it’s all for the greater honor and glorification of The Chosen One!

GarandFan on January 21, 2013 at 5:28 PM

Why can’t u wingnuts cool down for one day and enjoy this day with the rest of the American people.

HotAirLib on January 21, 2013 at 3:32 PM

…You enjoy the day HotLips !…then spend the next 365 days reincarnating yourself!

KOOLAID2 on January 21, 2013 at 10:12 PM