The USA has never been in such a bad economic situation since the Great Depression in the 1930's...
But the crisis is not affecting Barack Obama nor his inauguration...
The total cost of the different ceremonies and parties will reach about 170 million dollars, an unprecedented figure in American History.
And yet, this does not seem to shock anybody : the MSM is covering the event as if it were a coronation, and you find nowhere in the press any word of criticism against the waste of money.
Where does this enormous cost come from ?
- the swearing-in ceremony will cost about $ 1.25 million
- ensuring security :
The federal government estimates that it will spend roughly $49 million on the inaugural weekend. Washington, D.C., Virginia and Maryland have requested another $75 million from the federal government to help pay for their share of police, fire and medical services.
- parties :
Among the expenses: concerts (main one : Bruce Springsteen's) ; the parade, large-screen TV rentals for all-free viewing on the national Mall, $700,000 to the Smithsonian Institution to stay open and, of course, the balls, including three that are being pitched as free or low cost for the public.
Who will pay ?
The bills will be shared by the federal government and rich donors, most of them giving $ 50,000 dollars each. They are for example Hollywood celebrities, but also a lot of corporate executives, like Wall Street executives...
Wall Street executives ?
Does this mean the same people who are responsible for the financial crisis ?
Does it mean the very people who are going to receive the money of the bail-out plan from the government, that is to say from American taxpayers ?
If I understand well, American people, who are struggling to make ends meet, have been forced to pay for these indecent festivities, even if they did not want to !
Enjoy... Rejoice... Have fun...
This is the beginning of the reign of Obama I ...