Obama hosting pricey party in a dicey economy
The price tag for President-elect Barack Obama's inauguration gala is expected to break records, with some estimates reaching as high as $150 million. Despite the bleak economy, however, Democrats who called on President George W. Bush to be frugal four years ago are issuing no such demands now that an inaugural weekend of rock concert and star-studded parties has begun. [Emphasis mine]
Obama's inaugural committee has raised more than $41 million to cover events ranging from a Philadelphia-to-Washington train ride to a megastar concert with Beyonce, U2 and Bruce Springsteen to 10 official inaugural balls. Add to that the massive costs of security and transportation — costs absorbed by U.S. taxpayers — and the historic inauguration will produce an equally historic bill.
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I agree. We do not need royalty, we need an executive. I think Obama will be a competent executive, which is why I supported him. That said, the hype for this inauguration is borderline ridiculous.
ReplyDeleteThe existence of powerful dynasties like the Clinton's, the Bush's, and the Kennedy's are OUR fault. We need to treat the Pres. as just a person with a lot of tools and not a demigod. If this continues, watch out for an Obama dynasty as well.
The estimate just went up to 170.
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