Russ Feingold: Democrats Sold Out in 2012 and Need to Quit Big Money

—By Andy Kroll  | Thu Jan. 10, 2013 9:01 AM PST

President Obama's decision to let his 2013 inauguration committee accept corporate cash and million-dollar donations marks quite a reversal for the president: for his first inaugural in 2009, he capped individual donations at $50,000 and banned corporate money. The Associated Press calls the decision "part of a continuing erosion of Obama's pledge to keep donors and special interests at arm's length of his presidency." But for former Sen. Russ Feingold, it's yet another sell-out by his friends in the Democratic Party to the big-money forces so dominant in politics today.