Only seven companies have offered corporate cash to help fund President Barack Obama’s upcoming inaugural festivities.
In 2009, Obama banned corporate donors from paying for his inauguration, but he was still able to raise $53 million from private donors.
However, this month’s inauguration is being held after the most expensive presidential campaign in history, and even with the corporate donations will be a scaled-down event. This year, fewer people are expected to attend the inauguration and there are only two official balls planned.
Read Latest Breaking News from Newsmax.com Just Seven Companies Sign on to Obama
The nation is facing tough times but remember Obama just had a $7 million dollar vacation on the tax payer dime.