Washington, DC--(ENEWSPF)-- Leading up to President-elect Barack Obama's January 20 swearing-in ceremony, several media outlets have advanced the claim that Obama's inauguration will cost significantly more than President Bush's 2005 inauguration. Citing "estimates" ranging from $150 million (MSNBC) to $170 million (ABC News) in total costs for Obama's inaugural events, the outlets have compared the purported total costs in 2009 to the approximately $42 million in private funds spent on Bush's 2005 inauguration.
However, as Media Matters for America has
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