Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Friday, December 7, 2012

Corporate cash in elections BAD, in inaugurations AWESOME

So the same President who doesn't like it when corporations invest in elections apparently loves it when they invest in a big party. From Politico:
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.
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.
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.
I guess exceptions are cool when you are talking about a PAR-TAY!