Now that's what I'm talkin about! A jounalist who still has perspective and can still remain objective. This was the point I was trying to make in my last post. A paradigm shift has occurred in the wrong direction, where the masses are dubidably influenced by the media and can no longer think for themselves. We're headed down a slippery slope.
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Center for Responsive Politics
WASHINGTON--There won't be any corporate advertising on the dais, but a number of major corporations and influential industries will be represented at Barack Obama's inauguration by individuals who've contributed as much as $50,000 apiece--and bundled up to $300,000--to underwrite the festivities. According to a new analysis of inaugural donors by the nonpartisan Center for Responsive Politics, individuals associated with Microsoft, Google, Citigroup and many more companies are among the upcoming event's biggest contributors.
While Americans are hoping for real change in Washington, many deep-pocketed donors are hoping money still buys them access and influence," said Sheila Krumholz, the Center's executive director. "If history is any guide, these wealthy individuals, as well as the corporations and industries they represent, may more than recoup their investment in Obama through presidential appointments, favorable legislation and government contracts."
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ABC News Business Unit
By SCOTT MAYEROWITZ
Jan. 19, 2009
Obama's Inauguration Has Been Financed Partially by Bailed-Out Wall Street Executives
The country is in the middle of the worst economic downturn since the Great Depression, which isn't stopping rich donors and the government from spending $170 million, or more, on the inauguration of Barack Obama.
The actual swearing-in ceremony will cost $1.24 million, according to Carole Florman, spokeswoman for the Joint Congressional Committee on Inaugural Ceremonies.
It's the security, parties and countless Porta-a-Potty rentals that really run up the bill.
Among the expenses: a Bruce Springsteen concert, the parade, large-screen TV rentals for all-free viewing on the national Mall, $700,000 to the Smithsonian Institution to stay open and, of course, the balls, including three that are being pitched as free or low cost for the public.
But there are plenty of rich donors willing to pick up the tab.
"They are not the $20 and $50 donors who helped propel Obama through Election Day," said Massie Ritsch, communications director for the Center for Responsive Politics. "These are people giving mostly $50,000 apiece. They tend to be corporate executives, celebrities, the elite of the elite."
Obama's Inauguration Has Been Financed Partially by Bailed-Out Wall Street Executives
The country is in the middle of the worst economic downturn since the Great Depression, which isn't stopping rich donors and the government from spending $170 million, or more, on the inauguration of Barack Obama.
The actual swearing-in ceremony will cost $1.24 million, according to Carole Florman, spokeswoman for the Joint Congressional Committee on Inaugural Ceremonies.
It's the security, parties and countless Porta-a-Potty rentals that really run up the bill.
Among the expenses: a Bruce Springsteen concert, the parade, large-screen TV rentals for all-free viewing on the national Mall, $700,000 to the Smithsonian Institution to stay open and, of course, the balls, including three that are being pitched as free or low cost for the public.
But there are plenty of rich donors willing to pick up the tab.
"They are not the $20 and $50 donors who helped propel Obama through Election Day," said Massie Ritsch, communications director for the Center for Responsive Politics. "These are people giving mostly $50,000 apiece. They tend to be corporate executives, celebrities, the elite of the elite."
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