It’s all about splashing the cash at Obama’s inauguration

WASHINGTON: As hundreds of thousands of Americans crowd the National Mall for President Barack Obama’s second inauguration on Jan 21, the best seats will already be filled – sold for a hefty price.

Obama limited individual donations to US$50,000 (RM150,000) for his first inaugural in 2009, and banned corporate donors as he sought to distance himself from special interests amid the historic swearing-in of the country’s first black president.

His reticence over money did little to stop the flow of cash, however, and the new US leader racked up a record US$53mil (RM150mil) in private donations, much of it coming from the 1.8 million people who packed Washington for the event.

This second time around, such lofty intentions – and Obama’s pledge to have the most transparent US administration ever – appear to have been shelved in advance, with companies invited to join in – and fund – the proceedings.

For the White House is throwing open the gates of largesse for supporters to contribute as much as US$1mil (RM3mil) for special access. The money could buy much more

This is an avenue for special interests, especially wealthy corporations, to get their last chance to throw money at the feet of the president. — CRAIG HOLMAN

than a coveted seat near theh president as he takes the oath of office.

“This is an avenue for special interests, especially wealthy corporations, to get their last chance to throw money at the feet of the president,” Craig Holman, an expert on campaign finance reform, said.

“The real intent is for the corporations to buy access and influence with the White House,” added Holman, from consumer advocacy group Public Citizen.

In this year’s invitations, copies of which were posted online, the Presidential Inaugural Committee formalised four different donation levels – each with a name of one of the nation’s founding fathers.