I for one am pissed at the expected cost of this inauguration of the next president. Is all this worth it this in this economy? I don't think so, $45 to $150 Million (an estimates at this time), give me a break. Wouldn't this money be better spent to keep the economy running in better uses? Bush's last one cost $40 Million, that a lot of inflation for 4 years. What ever the final cost it's too much to pay for putting someone in office. Especially for a one minutes oath of office? Also there is more wrtting of Bush bashing and a more pro Obama stance by the media in the news, they just wont report the negative things that he is doing.
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President Barack Obama's inauguration is set to be the most expensive ever, predicted to reach over $150m This dwarfs the $42.3m spent on George Bush's inauguration in 2005 and the $33m spent on Bill Clinton's in 1993.
Video Here: http://www.guardian.co.uk/world/video/2009/jan/12/obama-president-inauguration-washington
More Here:
Obama hosting pricey party in a dicey economyThe Associated Press - 20 minutes ago
Adds to that the massive costs of security and transportation — costs absorbed by US taxpayers — and the historic inauguration will produce an equally ...
Video: Obama: Inauguration Celebrates American People
Video: Obama: Inauguration Celebrates American People
Video: Obama: Inauguration Celebrates American People
Associated Press
Newspapers to Cash in on Obama Inauguration Demand
Newspapers to Cash in on Obama Inauguration Demand
NYT's Inauguration Hypocrisy: Bush Chided in 2005, but Obama Free to Party
By Clay Waters (Bio Archive) January 16, 2009 - 16:47 ET
At a time when the United States is fighting two wars and faces a severe recession and huge budget deficits, the inauguration of Barack Obama as the nation's 44th president is estimated to cost $45 million. Bush's 2004 inauguration cost roughly $40 million. But though the figures are similar, there's been a major shift in the tone of coverage at the New York Times.
While the Times spent much of January 2005 making clear its disapproval of Bush extravagantly celebrating his inauguration during wartime, that concerned tone is conspicuously absent from the Times in January 2009, although the country is not only still at war in Iraq and Afghanistan, but also in danger of a deep recession. The difference? Perhaps because this time, it's the Times's favored candidate who is readying to assume the highest office.
By Clay Waters (Bio Archive) January 16, 2009 - 16:47 ET
At a time when the United States is fighting two wars and faces a severe recession and huge budget deficits, the inauguration of Barack Obama as the nation's 44th president is estimated to cost $45 million. Bush's 2004 inauguration cost roughly $40 million. But though the figures are similar, there's been a major shift in the tone of coverage at the New York Times.
While the Times spent much of January 2005 making clear its disapproval of Bush extravagantly celebrating his inauguration during wartime, that concerned tone is conspicuously absent from the Times in January 2009, although the country is not only still at war in Iraq and Afghanistan, but also in danger of a deep recession. The difference? Perhaps because this time, it's the Times's favored candidate who is readying to assume the highest office.
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Barack Obama's inauguration is set to cost more than £100m making it the most expensive swearing-in ceremony in US history.
The President-elect will take less than a minute to recite the oath of office in front of an estimated two million people in the US capital next week.
But by the time the final dance has been held at one of the many inaugural balls the costs for the day will be a staggering £110m.
The cost was revealed as Mr Obama scrambled to answer questions about the nomination of Treasury Secretary pick Timothy Geithner.
Geithner - the president of the New York Federal Reserve Bank whose selection by Obama as Treasury chief in November - is facing questions about an 'illegal' housekeeper whose work papers lapsed while she was employed by his family, and about several years when Geithner did not pay £35,000 of Social Security and Medicare taxes for himself.
Obama's White House spokesman, Robert Gibbs, said in a statement that Geithner had committed honest mistakes that he quickly addressed upon learning of them.
'He made a common mistake on his taxes, and was unaware that his part-time housekeeper's work authorization expired for the last three months of her employment.
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