Yahoo! News has taken the bait failing to check on this pathetically easy to rebut piece of conservative misinformation.
In a story headlined, "That's a lot of balloons" Yahoo! News spews hot-air going to great lengths to convince readers that President-elect Obama's inauguration will cost more than triple that of outgoing President Bush's 2004 event even using the nation's economic woes as a backdrop. The article opens:
As the recession continues to wreak havoc on the U.S. economy and inauguration celebrations ramp up, a lot of people are asking: "How much will this shindig cost?" [emphasis added]
The short answer? More than $150 million — and yep, that's the most expensive ever. (By comparison, George W. Bush's 2005 inauguration cost $42.3 million. Bill Clinton managed with $33 million in 1993.)
Perhaps a few more reporters should be asking, “Why haven't I thoroughly fact-checked these numbers?” Because as Media Matters detailed this evening, the whole notion that Obama's inauguration is costing more than Bush's is a load of B.S.
MSNBC's Tamron Hall stated that “the inauguration festivities” for President-elect Barack Obama are “estimated to reach as high as $150 million,” while "[i]n 2004, to note, the inauguration of George W. Bush cost roughly $40 million." But the $40 million figure that Hall cited for Bush's second inauguration reportedly does not include security and transportation costs incurred by the federal government and the District of Columbia; these costs are included in the $150 million estimate that the media are reporting for the Obama inauguration.
When the costs incurred by the federal government and the District of Columbia are factored in, the total cost of Bush's 2005 inauguration was reportedly around $157 million, as Media Matters for America senior fellow Eric Boehlert noted.
Come on Yahoo! News, this kind of sloppy “reporting” will only make me want to refer to you as Yahoo? News in future posts. Get it together.