Obama to accept corporate inaugural cash

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WASHINGTON, Dec. 8 (UPI) -- Organizers of U.S. President Barack Obama's second inauguration say they are accepting unlimited corporate donations.

Although corporations are allowed to donate to Obama's inauguration, lobbyists and political action committees are banned from giving to the event, The Hill reported Saturday.

"Our goal is to make sure that we will meet the fund-raising requirements for this civic event after the most expensive presidential campaign in history," Addie Whisenant, the inaugural committee spokeswoman.

A Republican fundraiser who has worked on inaugurations accused Obama of flip-flopping on corporate donations, Politico said.

"Here is this guy that came to Washington, and said, 'I'm going to come and change the way Washington works. I'm going to bring a new, basically, working class to Washington,'" the GOP fundraiser said. "But now that I'm re-elected and I have nothing to worry about in the future, besides possibly my library, that quote-unquote moral compass doesn't exist."