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Obama re-inauguration to Cost Millions of Dollars

Posted by EU Times on Jan 19th, 2013 // No Comment

gholami20130119151755900 — On January 20th, 2009, Barack Obama was sworn in as the 44th President of the United States.

The inauguration ceremony of U.S. President Barack Obama will cost millions of dollars, but the total price tag is still unclear, according to a report by ABC News.

According to the article, while most events that occur in the capital have a hard-and-fast budget, the inauguration’s many moving parts, safety concerns and large geographic reach make it hard to quantify – especially before the main event.

In 2009, ABC reported the total cost of Obama’s first inauguration was $170 million. While incumbent presidents historically spend less on a second inauguration, it’s unclear what the total bill will be this time around. Analysis of some of the known appropriations so far puts the total at $13.637 million, but it will no doubt be a much larger price tag when everything is accounted for, the article said.

The congressional newspaper, The Hill, has estimated that the inauguration and its security will cost over $100 million.

At least nine unions are listed as donors to the inauguration, according to the latest update on the Presidential Inaugural Committee’s website.

Many corporations, including Bank of America, the Coca-Cola Company and FedEx, also appeared on the Inaugural committee’s donor list for the first time on Friday. Almost 20 corporations have now given to the inauguration. Brand-name companies like AT&T and Microsoft already had been listed as contributors to the inaugural festivities, according to The Hill.

The Presidential Inaugural Committee is disclosing less information about its donors when compared to 2009. The committee has released the donors’ names online this time, but not the contribution amount or the contributor’s occupation and city like they did for Obama’s first inauguration, according to the Sunlight Foundation.

Monday 21 January is the date of Obama’s second inauguration.

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