“Obama hasn’t reined in Big Money”

LA Times:

Even before Barack Obama was sworn in as president the first time, he touted his efforts to “change business as usual in Washington” by setting strict rules for his inauguration: No corporate donations were allowed; individuals could give only $50,000.

This time, Obama’s inaugural committee is seeking million-dollar contributions from corporations and offering perks in return, such as tickets to the official ball. The six companies that have given so far include AT&T, Microsoft and Financial Innovations, a marketing company that received $15.7 million to produce merchandise for Obama’s reelection campaign and is the official vendor for the inauguration. The committee has put no limit on how much individuals can give.

The relaxed rules reflect how Obama has largely dropped his efforts to curb the role of money in politics, a cause he once vowed to make central to his presidency.

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