Obama's Inauguration breaking cost records

United States
January 18, 2009 8:45am CST
Obama's inaugurations is breaking records...not only on attendance but on cost. It si exstimated at cost $150 million plus. Because of the ecomony in 2005 President Bush was asked not to spend a lot on his inauguration. But the ecomony is even worse now but no one is asking Obama to cut back on his spending. Should in the current ecomonic climate Obama spend 150+ million on his? President Roovesevlt just made a speech at the white house and served cold chicken and plain pound cake to his guests for his to save money. During WW1 Wilson did not have any parties at his to save costs. Obama will be having 10 balls and will have a four day long celebration with four stadium sized screens at the national mall, two separate concerts, and three dinners (just to name a few of tons of parties and events planned for this inauguration). Should we really be spending all this money right now? Does it send the wrong message with all this spending while most of america is worried about how they are going to survive until the ecomony turns around? Should Obama show more restraint?
5 people like this
13 responses
@Guardian208 (1095)
• United States
18 Jan 09
Interesting post. I'm glad you posted it. I had read the same analysis. In fact I recently read an article that compared an AP article criticizing Bush for the amount he spent in his last inauguration to one that they recently wrote, enthusiastically looking forward to Obama's upcoming celebration that is roughly triple the cost. In my mind our country needs some distraction and we should be celebrating the historical element of his presidency. What bothers me is the double standard.
1 person likes this
19 Jan 09
I couldn't agree more that they are spending a little too much on the inauguration. But I think the this being an extremely memorable and historical inauguration(first minority to be elect) is the main reason people are coughing up so much money. A lot of people want to attend such an historic event so the hosts and the business around the DC area are raising prices to make a profit off the event. Obama also has a lot of "hype" coming into his run as presidency. When you add to the mixture, you get a large amount of money spent.
• United States
19 Jan 09
Yep huge double standard. And this spending spree is from someone who is now responsible for helping balance our budget. I do not see that happening, do you?
1 person likes this
@alindahaw (1219)
• Philippines
18 Jan 09
Wow! That much huh? And here I was worrying about the economy and all those people who have nothing to eat! I didn't realize that the government actually have that much money to spend on Obama's Inauguration. Well, since the government has that much money to spend, I hope they also spend more money to bail out the hurting taxpayers too. And while they are it, would they be so kind as to give us our jobs back too?
1 person likes this
• United States
18 Jan 09
Na, they will just up our taxes to pay for it all. They don't have the money...but they will get it...from us.
1 person likes this
@alindahaw (1219)
• Philippines
19 Jan 09
So true! Yes, the government will give tax cuts in the next few months but in the end, it will still levy large taxes on taxpayers. Yeah, the inauguration is a historical event and so is the Great Depression!
1 person likes this
@Savvynlady (3685)
• United States
18 Jan 09
Although I voted for Obama, I felt like this. Have the swearing in, let folks be a witness to the moment. Nothing wrong with that. Do the parade and call it a day. Reason: Because if we're in a financial bind, we should be spending money on getting back on our feet to me. My SO said well, the inauguration would mean jobs for folks in the local area. I said ok, but for what a day or couple of days at the very most? but knowing my people(African Americans), we love a party. Nothing wrong with that, but I also feel that it is not him whose spending the money, but the big wigs in Washington, special interest groups, etc, etc that are doing this. I may be wrong. but just my take. We got other parties going down nationwide as well as balls, praise gatherings and other events to herald in his office. Not to mention countless folks praying over him and his family to boot. So I get your point on the spending.
1 person likes this
• United States
18 Jan 09
Yep I think we should by all means have the public event...but why 10 balls and three dinner and all the rest. Just have 1 ball and one dinner and call it a day. They really should have kept this thing smaller given the ecomonic situation we are in.
1 person likes this
• United States
19 Jan 09
I'm with you too. Like I say, I like a party like anyone else, but why have ALL of these parties and such when the country is such a fix? Oh well.
1 person likes this
@mikeysmom (2091)
• United States
19 Jan 09
it is all coming out of our pockets too. and no, we should not be spending this kind of money right now. but it is one more example of not listening to what people say but looking at what they do. words or useless. actions speak way louder!
1 person likes this
• United States
19 Jan 09
You got that right and Obama's actions are showing that we all just got PUNK'D... well those who voted for him anyway, because I sure didn't. I saw through his lies and anyone with a brain should have seen through them the day he won and stood on that fancy stage moments after winning and while giving his acceptance speech he started backstepping on all of his promises. While he was campaigning, he promised to fix everything but he steps on the stage in November and states that he won't be able to fix everything afterall, ooops mah bad, maybe the next President or the one after him will be able to fix it all but I lied - I can't but hey.. thanks for your votes suckers - now let's see how fast I can spend your money and "make history" at the same time all and no one will bat an eye because of the color of my skin. Who knew it could be so easy!? Job #1 Spend millions of tax payers money throwing a bunch of parties. Job #2 Take a vacation Job #3 Write a book Job #4 Land a spot on Oprah Job #5 Get nominated for an Oscar Job #6 Attend the Academy Awards and meet Halle Berry Job #7 Sign Autographs & Take Pictures Job #8 Take my fans on a trip around the world in Air Force One Job #9 Make a music video Oh wait.. I'm supposed to be the President, huh?
@singlemommy (2952)
• United States
19 Jan 09
I think everyone is looking at this as a mark in history, maybe that is why they are going all out for the event. I personally think all the political parties, etc are a waste of money. I'm sorry, but it is their job to serve the country. That is the job they signed up for and the job they wanted so why should they throw big parties, etc to celebrate it? Especially at taxpayer's expense. I don't throw a big party for my job at someone else's expense. In fact, if I wanted to throw a party my employer wouldn't foot the bill, so why should we as taxpayer foot the bill for a political party?
1 person likes this
• United States
19 Jan 09
yep I completely agree.
1 person likes this
• United States
19 Jan 09
lol! I am so glad that I am not the only one who thinks this way! I was at school and someone mentioned how excited they were about the inauguration and I said that I think it is ridiculous for them to spend this much money on a party when we are clearly having a recession and economic worries. I received looks that could kill. I think that the president and the president-elect should definitely show restraint and set an example to the rest of the nation. Honestly, I could think of a hundred other things 150+ million dollars could be better for than a bunch of parties. I get that it's the whole "historical event" thing, but how can they spend that much money when people are homeless and loosing jobs? It makes me sick to my stomach.
• United States
19 Jan 09
Yep there is a lot of people in this country in a bad place right now....yet Obama is throwing parties and throwing around money like there is no tomorrow. It really does not look good.
1 person likes this
@Fortunata (1136)
• United States
18 Jan 09
I think the whole thing is self indulgent, that's what I think. I'm not saying he shouldn't have an inaugeration, I'm just saying it shouldn't be so wasteful.
1 person likes this
• United States
18 Jan 09
I agree. He should have an inaugeration, just not one this expensive
1 person likes this
@Taskr36 (13923)
• United States
18 Jan 09
Excellent analysis. Unfortunately it will fall on deaf ears. If there's one thing I've noticed consistently it's that the liberals here will never listen to, much less respond to the indefensible actions of Obama. They all ignored his lies about not hiring lobbyists and they'll ignore his wastefulness with taxpayer dollars over a freaking celebration. It's not an inauguration to them, it's a big celebrity parade. If he really cared about taxpayer dollars he'd be fundraising for this instead of just wasting our money. Clearly he has the ability to raise ridiculous amounts of money, but why bother when it's on someone else's dime.
1 person likes this
• United States
18 Jan 09
I have noticed that. But in this ecomony it seems the wrong tone to set and the wrong example to set. But then telling our elected officials to be responsible with money is just a waste of time and breath.
1 person likes this
@laglen (19779)
• United States
18 Jan 09
In my opinion, I don't think they should be spending the money. Why not make it a pot luck? On the other side of the coin, I do understand why they are. The history of this event is HUGE! The historical significance is a once in a life time. Maybe a chili cook off?
• United States
18 Jan 09
I know...it would seem that sense the rest of american is having to tighten their belts that they would too. It would be the sensible thing to do.
2 people like this
@irisheyes (4373)
• United States
18 Jan 09
I read a different estimate. Aside from security and the actual swearing in (which must be there after all), the cost estimate I've read is $45 million and that is only slightly higher than the second Bush inauguration and we will hopefully have more to celebrate this time. Of course the cost of security will be high with such huge crowds but we have to protect our presidents. The Obama ianauguration has taken pains to limit contributions so that expensive lobbyists don't control the festivities and they have even included a "neighborhood Ball" with free tickets for ordinary people. The Obamas will attend that one. We have a very tarnished presidency and anything that this inauguration can do to restore its image is, as far as I'm concerned, money well spent. I would not expect any modern president to sit down to a cold lunch anymore than I would expect the Queen of England to serve hot dogs at a royal wedding.
• United States
18 Jan 09
but we do really need to pay for 10 balls and three dinners? It is going alittle overboard considering the ecomonic situation. I got the report on how much it was going to cost on CNN. THey are including not only the actual inarguartion but all the parties and dinners he is doing over next fews days after it. They are saying 150+ million for all of it. That is a lot of money to spend right now...money we don't have to spend.
1 person likes this
@alindahaw (1219)
• Philippines
19 Jan 09
Will a lavish inauguration restore the image of the country? I doubt that. The foreign media has mixed feelings about the whole fanfare and majority of them are not impressed. In fact, some of them are even openly expressing their disgust. Tell me, why would the international community commend someone for spending millions of dollars on parties for the rich and famous when the very people who actually owned that money used for the celebration do not even have roofs over their heads or even have decent food on their tables?
1 person likes this
• United States
19 Jan 09
I didn't expect anything less from this man and his party of supporters. $150 MILLION on a few days of parties. Amazing. While the country around him is crumbling and people are becoming homeless every minute or losing their jobs - he's wasting money that could be better spent to help the people he claimed he would help when he was out there spewing his lies and false promises before the elections. Imagine how many people he could help with that money. It makes me sick. Any little bit of respect I had for this man has gone out the window. And if it's not Obama doing this but the big wigs in Washington and all the other Democrats, that doesn't really change things in my opinion. Obama is our new President and if he can't put his foot down and tell people that he will have ONE dinner and ONE ball - and any other funds that would be raised or spent would be used to help the American people, then he really isn't any better than the people who are planning these events. I mean, these are the people that he lines himself up with so he's just as bad as they are. But then.. I'm sure Oprah, bless her huge giving heart, is funding everything. I've lost all respect for her too. I can't wait for these next 4 years to be OVER so we can move on from this insane crap and get back to the real world and not Hollywoodland.
• United States
19 Jan 09
Donations are paying for some of it, but most of it is being paid for by the tax payer. What a waste.
1 person likes this
@eyeh8f8 (44)
• United States
19 Jan 09
Well, if I am wrong, correct me but I think this has been funded quite a bit by donations, don't know about all of them though. Yes, I do see all of your points of view but the reality is that there are going to be a lot of people there and that is going to be more money. More money for security, more money for food, more money for whatever. I don't really know if it is needed, of course I don't know if I'd even go to the event if I could. But for some people this is big, so I have mixed thoughts on this, really.
• United States
19 Jan 09
only a small part of it is being paid for with donations....the rest is being paid for with tax payer dollars. IF it was all paid for with donations I would not care. But sense tax payer money is being used for such a large chunck of it I think he really should have used more restraint.
1 person likes this
• Philippines
19 Jan 09
I hope that despite of the extravagant preparations, we all keep in mind what the event is really for .... =)
• United States
19 Jan 09
It is to swear in the next president....who is digging the national debt deeper with the extravagance of this event.
1 person likes this