From Media Matters:
"As Media Matters has been noting for close to a week now, the tab for Bush's second inauguration, after figuring in security costs, totaled $157 million. Yet it's virtually impossible to find a single press report in the last week that has documented that fact. That number does not exist. It has been suppressed and flushed down the memory hole. Because if it's mentioned alongside the Obama tab, than the Obama's-inauguration-is-historically-expensive storyline evaporates. (Because it's not historically expensive.)
But let's move on. The official crowd estimate for Tuesday's swearing now stands as a eye-popping 1.8 million. How many attended Bush's 2005 inauguration? The official estimate was 400,000. So let's do some math. 157 million divided by 400,000 equals 392. It cost nearly $392 per-person to cover the expenses for Bush's modest sized bash.
For Obama? Based on the current projection of $160 million (the final official tab, once security costs are factored in won't be known for months), and divided by 1.8 million people in attendance, the per-person cost for the Obama bash came out to $88. "
HERE'S HOW IT GOES:
