• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Catscatscats on Gee-7
    Kathleen A Wynne on Gee-7
    William on Gee-7
    William on Healthcare, Medicare and …
    riverdaughter on Healthcare, Medicare and …
    lililam on Healthcare, Medicare and …
    Earlynerd on Healthcare, Medicare and …
    Earlynerd on Healthcare, Medicare and …
    lililam on Healthcare, Medicare and …
    lililam on Healthcare, Medicare and …
    lililam on Healthcare, Medicare and …
    William on Healthcare, Medicare and …
    William on Healthcare, Medicare and …
    Ga6thDem on Healthcare, Medicare and …
    William on Healthcare, Medicare and …
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    August 2019
    S M T W T F S
    « Jul    
     123
    45678910
    11121314151617
    18192021222324
    25262728293031
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • Week-end Wrap – Political Economy – August 25, 2019
      Week-end Wrap – Political Economy – August 25, 2019 by Tony Wikrent Economics Action Group, North Carolina Democratic Party Progressive Caucus Strategic Political Economy Give No Heed to the Walking Dead [The Scholar’s Stage, via Naked Capitalism 8-18-19] The People’s Republic of China is wealthier than any rival America has faced. Its leaders are convinced […]
  • Top Posts

  • Advertisements

How the Nouveau Riche Live: A Rambling, Angry Post by a Bitter Holdout

angry

For the past week, the media has been awash in stories about the incoming POTUS’ expensive tastes. We know he likes waffles, argugula, and $100 a pound ham, and that he shops at Whole Foods Markets, but that’s not the half of it. His obscenely expensive Inauguration celebration is going to cost about $170-$180 million.

What is Obama spending all that money on? According to ABC News,

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

It’s the security, parties and countless Porta-a-Potty rentals that really run up the bill.

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.

And then there is the party bill.

“We have a budget of roughly $45 million, maybe a little bit more,” said Linda Douglass, spokeswoman for the inaugural committee.

Some of the biggest expenses were a Bruce Springsteen concert (cost unknown) and $700,000 to keep the Smithsonian open late, God only knows why. And who is going to pay for all this extravagant partying? With the U.S. in an economic crisis that may turn out to be worse than the Great Depression, Obama has seen fit not only to spend stunning amounts of money on a party for himself, but also to collect that money from wealthy donors, most of whom contributed $50,000 each. Continue reading

Advertisements