"Theories range from the claim that Obama is getting a jump-start on funding his presidential library to conjecture that leftover campaign cash will prop up his grass-roots organizing operation, reportedly to be renamed Organizing for Action."
"Some say that it may even line the pockets of loyal campaign consultants."
Federal Election Commission rules require disclosing donor amounts. Expenditures can remain concealed.
Public Citizen's Robert Weissman expressed concern, saying:
"Corporations make donations to events like the inaugural festivities because they get something back in return. It's not a bribe, but they do expect to get their calls returned faster, their proposals viewed more favorably."
Sunlight Foundation's Kathy Kiely said:
"Here's a guy who four years ago was Mr. Transparency, vowing to change the business was done in Washington, and how it all looks very much as its business as usual once again."
Straightaway in term one, his true colors were shown. He represents a corrupted system too dysfunctional to fix. Corporate cash reflects the tip of the iceberg. There's plenty more following inaugural donations.
Influence buyers know you have to pay to play. The more given, the more returned manyfold. Obama's hands are as dirty as the worst of them. He's got four more years to inflict more harm. Expect him to take full advantage.
Stephen Lendman lives in Chicago and can be reached at Email address removed .
His new book is titled "Banker Occupation: Waging Financial War on Humanity."
Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.