Obama's inaugural raised $43 million

April 22, 2013 @ 9:19 am

WASHINGTON (AP) - President Barack Obama's inaugural committee raised more than $43 million for his second inauguration, with corporations chipping in a major portion.

Reports filed with the Federal Election Commission show the committee fell about $7 million short of its $50 million fundraising goal.

For his first inauguration, Obama raised $53 million in private money, turning away corporations and individual contributions exceeding $50,000. This time, Obama reversed that policy.

The biggest sum came from AT&T Inc., who gave $4.6 million. Microsoft Corp. donated $2.1 million. Boeing Co. and Chevron Corp. gave a million each.

The largest individual donation of $500,000 came from Timothy Gill, a technology entrepreneur and gay rights activist.

The government pays for official activities like the swearing-in, but donations fund the inaugural balls and other celebrations.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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  • longwayhome wrote...
    Is kosh stoned?
    January 21, 2013 6:34 pm
    Or just another faux news listening homophobic, racist neanderthal like the rest of the republican posters on this site? Clinton was the unfortunate recipient of the wrath of the republican hypocrites that were trying to get rid of him. The current speaker of the house, newt (el estupido) was having an affair at the same time with a barbie doll wannabe and he had the cajones to go after Clinton for the same thing he was doing. The big difference in that scenario was that Monica was young and attractive and newt's choice was, well, questionable. All that aside, the hypocrisy of the republican party knows no limits.
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