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In November, Obama announced that his presidential inauguration committee would not accept donations from corporations, lobbyists, political action committees, or unions. The move appeared to set Obama apart from President Bush, whose official inaugurations were underwritten almost exclusively by corporations and executives.
Despite Obama’s efforts, inaugural festivities still represent a giant loophole in lobbying rules that have grown progressively stricter in recent years. Whether it’s the high-dollar fundraisers underwriting the official inaugural program, or the corporations and lobbyists throwing lavish parties to woo legislators and government officials, influence appears to come with a price tag.
This week, a plethora of official inaugural events, paid for by a relatively small number of wealthy donors to Obama’s inaugural committee, as well many private parties present opportunities for moneyed interests to curry favor with the incoming president and Congress. Special interests and lobbying firms lure lawmakers with lavish private parties during inauguration week, which are all off the books. Obama is not expected to attend these events personally, but members of Congress, and even members of his administration, who will be the primary vehicle for his change agenda, are expected to show up in droves.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Date on which a U.S. patent was issued for a phone with which pets can call their owners:
Bees can count to four.
Washington University researchers found that obese Americans outnumber overweight Americans.
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“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”