Unlike in 2009 (when corporate donations were not used), much of the bill for today’s festivities in Washington D.C. is being paid by powerful corporate interests. Truthout writes:
Obama’s inaugural festivities Monday are bankrolled by several of the nation’s most powerful corporate lobbying forces. (Read more…) Chief among corporate inaugural donors: AT&T Inc., Microsoft Corp., energy giant Southern Co., biotechnology firm Genentech and health plan manager Centene Corp.
Together, more than 300 registered lobbyists worked on the five companies’ behalf to influence legislation and government policy. Among numerous other influence efforts, Southern Co. lobbied the Executive Office of the President to curtail environmental regulations. AT&T pressed the Treasury Department to extend research and development tax credits and lobbied heavily — and unsuccessfully — to win regulatory approval of a merger with rival T-Mobile. Microsoft targeted the [federal government] for support in strengthening online piracy and intellectual property regulations.