What Recession? The $170 Million Inauguration [View All]

[Bushknew]

Source: abcnews


The country is in the middle of the worst economic downturn since the Great Depression, which isn't stopping rich donors and the government from spending $170 million, or more, on the inauguration of Barack Obama.

The actual swearing-in ceremony will cost $1.24 million, according to Carole Florman, spokeswoman for the Joint Congressional Committee on Inaugural Ceremonies.

The biggest group of donors were none other than the recently bailed-out Wall Street executives and employees.



Read more: http://abcnews.go.com/Business/Inauguration/Story?id=6665946&page=1