FacebookTwitterGoogle+RedditEmail

ExxonMobil Donates $260,000 to Obama Inauguration

by STEVE HORN

President Barack Obama will be publicly sworn in today – on Martin Luther King Jr. Day – to serve his second term as the 44th President of the United States.

Today is also the three-year anniversary of Citizens United v. FEC, a U.S. Supreme Court ruling that – in a 5-4 decision – deemed that corporations are “people” under the law. Former U.S. Sen. Russ Feingold (D-WI) – who now runs Progressives United (a rhetorical spin-off of Citizens United) – said in Feb. 2012 that the decision “opened floodgates of corruption” in the U.S. political system.

Unlike for his first Inauguration, Obama has chosen to allow unlimited corporate contributions to fill the fund-raising coffers of the entity legally known as the Presidential Inaugural Committee. Last time around the block, Obama refused corporate contributions for the Inauguration Ceremony as “a commitment to change business as usual in Washington.”

But not this time. With a fundraising goal of $50 million in its sights, the Obama Administration has “opened floodgates” itself for corporate influence-peddling at the 57th Inaugural Ceremony.

A case in point: the Obama Administration’s corporate backers for the Inaurguation have spent over $283 million on lobbying since 2009, the Center for Public Integrity explained in a recent report.

This has perturbed some.

“It’s a deeply disturbing move, and a reversal from the positive steps they took in 2009,” Robert Weissman, president of Public Citizen told Roll Call. “Corporations make donations to events like the inaugural festivities because they get something back in return.”

One of the biggest givers so far is none other than what Pulitzer Prize winning investigative journalist Steve Coll calls a “Private Empire” – ExxonMobil.

ExxonMobil: Over $260,000 to Obama’s Inauguration Committee

According to a scoop by The Hill, ExxonMobil contributed $250,000 to the Inaugural Committee. Additionally, ExxonMobil attorney Judith Batty has given the Committee $10,750, according to the Center for Responsive Politics‘ OpenSecrets.org. Thus, ExxonMobil has given the Committee a grand total of over $260,000.

ExxonMobil earned a profit of $41.1 billion in 2011 and in the first three quarters of 2012 earned a profit of $34.92 billion, well on pace to surpass its 2011 profit margin.

Some mathematical context is warranted. This means ExxonMobil earned $9,935 per minute in the first three quarters of 2012, $596,107 per hour and $14.3 million per day in profits.

Despite these oligarchic-type bottom lines, ExxonMobil doesn’t even pay its fair share in taxes, as ThinkProgress explained in a March 2012 article:

Citizens for Tax Justice reported Exxon paid only 17.6 percent taxes in 2010, lower than the average American, and a Reuters analysis using the same criteria estimates that Exxon will pay only 13 percent in effective taxes for 2011. Exxon paid zero taxes to the federal government in 2009.

In practice, this means that ExxonMobil actually pays less in taxes by percentage than an average Middle Class American family.

For a corporation with financial wealth of this magitude and one that, to boot, evades paying taxes, $260,000 is truly a “drop in the bucket.” And yet in a political system favoring those who can “pay to play,” it’s a true game-changer in terms of gaining direct access to the Administration.

Obama Administration Responds…Sort Of

Critics say it’s more of the same out of an Obama Administration that in the first term had a cozy relatiionship with corporate patrons.

“It fits into a pattern of not treating this campaign-finance issue with concern when in fact it is of great concern to the integrity of the political process and our democratic system,” Fred Wertheimer, president of Democracy 21, told The Hill.

The Obama team’s response? According to them, they are champions of campaign-finance reform and anti-corruption measures.

“This president has done more to reduce the influence of special interests in Washington than any administration in history,” White House spokesman Eric Schultz told The Hill.

It looks as if Oil Change International has hit the nail on the head in framing this one, asking and answering the following question with an accompanying graphic co-created with The Other 98%:

News broke today that ExxonMobil is contributing $250,000 to inauguration festivities.Meanwhile, this weekend people all around the country will stand up to money in politics and efforts to suppress the vote. It's time to stand up for a Separation of Oil and State!Find an event near you here: http://MoneyOut-VotersIn.orgAnd LIKE and SHARE this to spread the word!

Steve Horn is a Madison, WI-based freelance investigative journalist and Research Fellow at DeSmogBlog.

Steve Horn is a Madison, WI-based freelance investigative journalist and Research Fellow at DeSmogBlog, where this piece first appeared.

More articles by:

CounterPunch Magazine

minimag-edit

bernie-the-sandernistas-cover-344x550

zen economics

January 17, 2017
Chet Richards
The Vicissitudes of the Rural South
Clancy Sigal
“You Don’t Care About Jobs”: Why the Democrats Lost
Robert Dodge
Martin Luther King and U.S. Politics: Time for a U.S. Truth and Reconciliation Commission
Jack Sadat Lee
I Dream of Justice for All the Animal Kingdom
James McEnteer
Mourning Again in America
January 16, 2017
Paul Street
How Pure is Your Hate?
Jeffrey St. Clair - Alexander Cockburn
Did the Elites Have Martin Luther King Jr. Killed?
Robert Hunziker
Global Warming Clobbers Ocean Life
Patrick Cockburn
The Terrifying Parallels Between Trump and Erdogan
Kenneth Surin
The Neoliberal Stranglehold on the American Public University
Lawrence Davidson
Is There a Future for the Democratic Party?
Douglas Valentine
Who Killed MLK Jr?
Robert Fisk
The Foreign Correspondent in the Age of Twitter and Trump
Dale Bryan
“Where Do We Go from Here?”
David Swanson
The Deep State Wants to Deep Six Us
Dan Bacher
Obama Administration Orders Speedy Completion of Delta Tunnels Plan
Mark Weisbrot
Obama Should Make Sure that Haitian Victims of UN-Caused Cholera are Compensated
Winslow Myers
The Light of the World
Bruce Mastron
My Latest Reason to Boycott the NFL: Guns
Weekend Edition
January 13, 2017
Friday - Sunday
Gregory Elich
Did the Russians Really Hack the DNC?
Jeffrey St. Clair
The President Who Wasn’t There: Barack Obama’s Legacy of Impotence
Anthony DiMaggio
Ethics Fiasco: Trump, Divestment and the Perversion of Executive Politics
Joshua Frank
Farewell Obummer, Hello Golden Showers
Paul Street
Hit the Road, Barack: Some Farewell Reflections
Vijay Prashad
After Aleppo: the State of Syria
John Wight
Russia Must be Destroyed: John McCain and the Case of the Dodgy Dossier
Rob Urie
Meet the Deplorables
Patrick Cockburn
The Russian Dossier Reminds Me of the Row Over Saddam’s WMDs
Eric Sommer
U.S.-China War: a Danger Hidden from the American People
Andrew Levine
Are Democrats Still the Lesser Evil?
Linda Pentz Gunter
What’s Really Behind the Indian Point Nuclear Deal?
Robert Fantina
Trucks, ‘Terror’ and Israel
Richard Moser
Universal Values are Revolutionary Values
Russell Mokhiber
Build the Bagdikian Wall: “Sponsored News” at the Washington Post
Yoav Litvin
Establishment Narcissism – The Democrats’ Game of Thrones
David Rosen
Return of the Repressed: Trump & the Revival of the Culture Wars
Robert Koehler
War Consciousness and the F-35
Rev. William Alberts
The New Smell of McCarthyism Demands Faith Leaders Speak Truth to Power
John Laforge
Federal Regulator Halts Move to Toughen Radiation Exposure Limits
Norman Pollack
Farewell Address: Nazification of Hope
David Swanson
Imagine the Confirmation Hearing for Secretary of Peace
CJ Hopkins
Why Ridiculous Official Propaganda Still Works
Ron Jacobs
Striking in Reagan Time
Missy Comley Beattie
The Streep
Graham Peebles
Climate Change: The Potential Impacts of Collective Inaction
FacebookTwitterGoogle+RedditEmail