The man’s entire presidency has been a flip-flop.
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.
Corporations are bad unless they give millions to Obama.
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.
As we all know, Obama’s words and promises have expiration dates.
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.
You can buy elections and Obama is proof.
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.