The Presidential Inauguration Committee set a goal of raising $50 million for Barack Obama's second inauguration, but have turned to big corporations and big labor unions in order to make it there. AT&T, Bank of America, FedEx, Microsoft and Coca-Cola are all on the official list of inauguration donors this year. Joining those corporations are the American Federation of Government Employees, the American Postal Workers Union, the International Association of Fire Fighters, the International Brotherhood of Electrical Workers, the Painters & Allied Trades Union, the Sheet Metal Workers Union, the United Association, and the United Food & Commercial Workers Union.
For the 2009 inaugural, President Obama released his full list of individual contributors and the amount they donated during December. This year, he's released only the list of donors rather than the amount they donated. Full disclosure isn't required until 90 days after the inauguration.
OpenSecrets.org has put together a comprehensive list of both the individual and corporate donors who are sponsoring Barack Obama's inauguration this year and, in lieu of dollar amounts, the amount that these corporations and unions have contributed to President Obama and the Democratic National Committee.
What's more, the inauguration is asking for up to $1 million in contributions per donor. In 2009, the inauguration committee placed a $50,000 limit per contribution. Now, as the Washington Times reports, asking price starts at $75,000.
President Obama has clearly decided to stop worrying and love the big corporation - a lesson he learned early and often in his first term, with his two signature pieces of legislation, the stimulus and Obamacare, having had major input from big corporations and unions.