What Is This World Coming To?

What Is This World Coming To?

Archive for the ‘coronation’ tag

The $170 Million Inauguration Of The Austerity Administration  

Change is what he promised.  And change is about all that will be left. The country is in the middle of the worst economic downturn since the Great Depression,  or so the rumor goes.   And Barack Obama has promised an administration that will govern for the ordinary guy, unlike the cozy relationship the Bush administration had with Wall Street fat cats.

But it is the Wall Street fat cats (and the government) who are ponying up one hundred and seventy million dollars ($170,000,000.00) for the Obama Nation lallapaloozas.

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.

There is another $45 million for parties, paid for courtesy of Wall Street fat cats and West Coast liberals.

Noted ABCNews,   “They are not the $20 and $50 donors who helped propel Obama through Election Day,” said Massie Ritsch, communications director for the Center for Responsive Politics. “These are people giving mostly $50,000 apiece. They tend to be corporate executives, celebrities, the elite of the elite.”

Really?   The elite?

Billionaire investor George Soros and his family contributed $250,000 to the inauguration, and Google co-founder Larry Page and CEO Eric Schmidt each donated $25,000.

Other big-name donors who gave $50,000 include filmmaker George Lucas, artist Dale Chihuly, Los Angeles Dodgers President Jamie McCourt. Citigroup managing director Raymond J. McGuire; Oracle President Charles E. Phillips Jr.; actresses Halle Berry and Sharon Stone; and Melvin Simon, co-founder of Simon Property Group, the largest mall owner in the United States.esides Wall Street firms, a large chunk of the money came from employees at companies such as Microsoft, Google and DreamWorks Animation, according to the Center for Responsive Politics.

Microsoft CEO Steven Ballmer and his wife, Connie, both gave $50,000. So did Microsoft chairman and co-founder Bill Gates and his wife, Melinda.

DreamWorks CEO Jeffrey Katzenberg and his wife, Marilyn, both gave $50,000. Filmmaker and DreamWorks co-founder Steven Spielberg and his wife, Kate, both also gave $50,000. And DreamWorks employees gave a total of $275,000.

Just like Lincoln. By the people and for the people.  If they can swing it.

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one response

Posted by Jack Kinsella

January 19th, 2009 at 11:31 am