Tuesday, January 15, 2013

For Obama’s second inaugural, fund-raising limits lifted

President Obama’s inauguration planners are embracing a Groupon-like “daily deal” concept to scrounge up scarcer-than-expected donations, but this is not about discount inaugural burritos or half-off Joe Biden merchandise.
Instead, one of the latest deals — with “only 25 packages available” and a 5 p.m. expiration — offered a candlelight reception with Obama, Biden, and their wives.
The price? A cool $50,000.
Four years ago, that was the maximum donation accepted for Obama’s inauguration, which touted such limits as evidence of its ethical standards. Now, it’s a bargain. Individuals are being asked to contribute up to $1 million, and the ban on corporate donations has been lifted.

Read more: http://www.bostonglobe.com/news/nation/2013/01/11/president-obama-eases-restrictions-raise-cash-for-his-second-inaugural/PhGnKgQXdBH7szEFbs5YJO/story.html

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