Obama's Reversal on Principle of Finance
A recent editorial by the San Francisco Chronicle rips Obama’s decision to allow unlimited corporate contributions to underwrite his second inauguration.
"What a letdown. Step by step, President Obama, once an apostle of campaign finance reform, is backing away from his pledges to restrain big money in politics.
In fact, he's fully embracing it. His decision to permit unlimited corporate donations to pay for inaugural events next month is a reversal from 2009, when he eschewed corporate donations and limited individual contributions to $50,000."
President Obama's latest campaign finance flip-flop comes at a time when voters are particularly attuned to the impact of money-in-politics, tired of our broken campaign finance system, and looking for a change away from this corrupting culture.