The Big Money Inauguration: Obama Kicks Off Second Term With Help of Unlimited Corporate Donations
At his inauguration four years ago, President Obama refused to accept corporate donations, but this year ExxonMobil, AT&T and Microsoft are among the biggest backers of the festivities. With Obama now accepting unlimited corporate funding, donors have been offered a number of sponsorship options including the top tier of $1 million for institutions and $250,000 for individuals. In contrast, corporate, lobbyist and political action committee donors were banned in 2009, and individual contributions were capped at $50,000. Today's ceremony happens to fall on the third anniversary of one of the Supreme Court's decision on Citizens United v. Federal Election Commission, allowing unlimited outside spending on political campaigns. We're joined by Liz Bartolomeo of the Sunlight Foundation, which is tracking money and influence at the inauguration.