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Friday, January 14, 2005

Prez 4 Sale
Posted by Jill | 6:29 AM

Only slightly and gently used, this mint-condition President will give you four years of loyal and faithful service. Will entertain offers of $100,000-$250,000.

This should surprise no one:

President Bush wants to lower barriers to building nuclear power plants, and the lobby that promotes nuclear energy could not be happier. To show its thanks, the group has given $100,000 to help pay for his inauguration.

"He's a big supporter," said John E. Kane, chief lobbyist for the Nuclear Energy Institute. "Our donation is just a small way of supporting him."

The nuclear energy industry's contribution is part of a record-breaking outpouring of corporate cash for next week's inaugural festivities. At least 88 companies and trade associations, along with 39 top executives -- all with huge stakes in administration policies -- have already donated $18 million toward a $40 million goal for the country's 55th inaugural celebration.

Wall Street investment firms seeking to profit from private Social Security accounts; oil, gas and mining companies pushing the White House to revive a stalled energy-subsidy bill; and hotels and casinos seeking an influx of immigrant labor are among the 44 interests that have each given $250,000 and the 66 that have donated $100,000 to $225,000. And the money keeps pouring in.

Practically all the major donors have benefited from Bush administration policies, especially from corporate and individual tax cuts, deregulation and the new prescription drug benefit that is part of Medicare. Most also stand to boost profits further because of Bush's second-term proposals, which include limiting medical malpractice suits, creating private investment accounts as part of Social Security and making a tax-code revision that is expected to reduce taxes on investments.

Many donors are corporations and executives that are regulated by the federal government, dependent on government tax and spending policies, or both. At least 16 donors are from the finance industry, 14 are from the energy sector, six are real estate developers, and at least five are from both the health and telecommunications industries. The Washington Post Co. has pledged $100,000.

In the era of campaign finance reform, such largesse is all but forbidden. Federal law limits individual donations to $2,000 per election, and corporations cannot give from their own treasuries directly to candidates or parties. But for the inauguration, the law does not apply, and the administration has decided that private interests may contribute as much as $250,000 each. That is a 150 percent increase over the $100,000 maximum accepted during Bush's first inauguration four years ago.


This is what's called a "loophole." Now let's sit back, have a drink, and wait for one of our little trolls from the right, the ones who Just Can't Stay Away, to pipe in with a comment, "Would you rather it be paid for with taxpayer dollars?"

No, I'd rather C-Plus Caligula show a little bit of taste and not throw himself a huge party, paid by companies who are going to demand their pound of flesh, when kids are dying for his ill-conceived policies in Iraq.
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