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NY Times: For Corporate Donors, Inauguration Details
I am disgusted and appalled by the way the Administration is handling funding of the inaugural ceremonies.
[font size=5]For Corporate Donors, Inauguration Details[/font][br /]
[font size=3 color="light blue"]By SHERYL GAY STOLBERG[/font][br /]
[font size=1 color="grey"]Published: December 8, 2012[/font]
WASHINGTON — President Obama’s finance team is offering corporations and other institutions that contribute $1 million exclusive access to an array of inaugural festivities, including tickets to a “benefactors reception,” a children’s concert, a candlelight celebration at the National Building Museum, two reserved parade bleacher seats and four tickets to the president’s official inaugural ball.
The offerings are detailed in an online inaugural fund-raising solicitation provided to The New York Times by an Obama fund-raiser. The document describes four packages that Mr. Obama’s finance team can sell, with differing levels of access depending on the level of contribution. Individuals who contribute $250,000 will receive the same package as million-dollar “institutional donors,” which could include corporations, philanthropies, foundations and unions.
The financing arrangements are a departure from Mr. Obama’s policy in 2009, when he refused corporate donations altogether and capped individual contributions at $50,000. As in 2009, Mr. Obama will not be accepting money from lobbyists or political action committees.
< . . . >
. . . Mr. Obama’s decision has drawn criticism from good-government advocates, who accuse him of abandoning his pledge to keep big money out of politics.
< . . . >
[font size=3 color="light blue"]By SHERYL GAY STOLBERG[/font][br /]
[font size=1 color="grey"]Published: December 8, 2012[/font]
WASHINGTON — President Obama’s finance team is offering corporations and other institutions that contribute $1 million exclusive access to an array of inaugural festivities, including tickets to a “benefactors reception,” a children’s concert, a candlelight celebration at the National Building Museum, two reserved parade bleacher seats and four tickets to the president’s official inaugural ball.
The offerings are detailed in an online inaugural fund-raising solicitation provided to The New York Times by an Obama fund-raiser. The document describes four packages that Mr. Obama’s finance team can sell, with differing levels of access depending on the level of contribution. Individuals who contribute $250,000 will receive the same package as million-dollar “institutional donors,” which could include corporations, philanthropies, foundations and unions.
The financing arrangements are a departure from Mr. Obama’s policy in 2009, when he refused corporate donations altogether and capped individual contributions at $50,000. As in 2009, Mr. Obama will not be accepting money from lobbyists or political action committees.
< . . . >
. . . Mr. Obama’s decision has drawn criticism from good-government advocates, who accuse him of abandoning his pledge to keep big money out of politics.
< . . . >
Read full article at: http://www.nytimes.com/2012/12/09/us/politics/obama-team-outlines-four-corporate-donor-packages-for-inauguration.html
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