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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (451220)	1/26/2009 6:43:47 PM
From: Steve Dietrich	Read Replies (2) \| Respond to of 1574499

You think 700k + 6 big screen televisions equals 100 million dollars? And you're calling someone else an idiot? Or are you simply a liar? urbanlegends.about.com Comments: Here's what's true in the above text: G.W. Bush received more criticism — mainly from Congressional Democrats, but also from some members of the press — for the "extravagant" cost of his inauguration in 2005 than Barack Obama received for the cost of his in 2009. The figures cited above are inaccurate and misleading, however. The $42 million cited for Bush, while roughly accurate, doesn't include the cost of security and other incidentals covered by federal and state governments. The $120 million cited for Obama (which is actually a bit on the low side) does include those costs. It's a false comparison. Traditionally, everything except security, clean-up, and the swearing-in ceremony itself is paid for via private donations. By most estimates, the Bush inaugural committee raised and spent about $42.3 million. At last report, the Obama inaugural committee had raised and spent almost exactly the same amount ("more than $41 million," according to the Associated Press). Factoring in the rest of the expenditures, in 2005 federal and local governments were tapped for an additional $115 million to cover security, swearing-in, clean-up, and a paid holiday for federal workers on the day of the Bush inauguration. That adds up to a combined total of $157.8 million from both private and government sources. There's no final tally yet for the Obama inauguration, but given that at least five times as many people attended, security and clean-up costs were surely higher than for the 2005 event. Press estimates currently range around $150 million total, including both private and government expenditures. SD

To: i-node who wrote (451220)	1/26/2009 7:50:00 PM
From: bentway	1 Recommendation Read Replies (2) \| Respond to of 1574499

Bush didn't have 2 million people that wanted to honor him by attending.