Obama inauguration fundraising

Financiers and lawyers were the top contributors

Topics: Campaign Finance, 2012 Elections, Barack Obama, Business, ,

Obama inauguration fundraising
This story has been corrected since it was originally published.

The Center for Responsive Politics has a breakdown of who’s contributed to Obama’s first inaugural festivities. The campaign did not accept direct donations from corporations, unions, political  or registered lobbyists. But even with those restrictions in place, the inauguration still managed to raise more than $40 million.

The center points out that “The government places no limits on these contributions, but Obama capped money for his inauguration at $50,000 per person – still, more than 10 times what individuals could give to his campaign.” The largest total contributions came from individuals in finance, law, entertainment, “business services” and real estate.  Donors who topped out at $50,000 “reportedly got tickets to the official ceremony, the parade and inaugural balls.”

 

Alex Halperin is news editor at Salon. You can follow him on Twitter @alexhalperin.

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What To Read Awards: Top 10 Books of 2012 slide show

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  • 10. "The Guardians" by Sarah Manguso: "Though Sarah Manguso’s 'The Guardians' is specifically about losing a dear friend to suicide, she pries open her intelligent heart to describe our strange, sad modern lives. I think about the small resonating moments of Manguso’s narrative every day." -- M. Rebekah Otto, The Rumpus

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  • 8. "Arcadia" by Lauren Groff: "'Arcadia' captures our painful nostalgia for an idyllic past we never really had." -- Ron Charles, Washington Post

  • 7. "Gone Girl" by Gillian Flynn: "When a young wife disappears on the morning of her fifth wedding anniversary, her husband becomes the automatic suspect in this compulsively readable thriller, which is as rich with sardonic humor and social satire as it is unexpected plot twists." -- Marjorie Kehe, Christian Science Monitor

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  • 4. TIE "NW" by Zadie Smith and "Far From the Tree" by Andrew Solomon: "Zadie Smith’s 'NW' is going to enter the canon for the sheer audacity of the book’s project." -- Roxane Gay, New York Times "'Far From the Tree' by Andrew Solomon is, to my mind, a life-changing book, one that's capable of overturning long-standing ideas of identity, family and love." -- Laura Miller, Salon

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