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December 10, 2008

Economy Isn't Slowing Down Inaugural Festivities

Dsc_0163 The powers that be in the nation's capital are working overtime to fix our economy.  I know this not so much because of all the media coverage, but because one of the dad's from PunditGirl's school is involved in the process.  His wife tells me he hasn't been home before about midnight for the last six months.

Of course, President-elect Barack Obama is also doing his part to move things along, making speeches about how it's not going to be easy and that we'll all need to make sacrifices to put our collective finances back on track, if that's possible after eight years of dire neglect and rampant deregulation.

But it appears that some families aren't paying attention and are going even deeper in debt to spend a few days in Washington, D.C. for the Obama inaugural events.

Families with children are putting $10,000 or more on their credit cards because they feel it's important to experience this historic moment.    If you're Paris Hilton or Bill Gates, I say go for it.  But for the rest of us, that's just foolishness, no matter how historic a moment Obama's swearing in is.

Obama has been having news conferences pretty much every day, so I think that would be a great opportunity for him to call on those families who are thinking of taking the crazy financial step of going into massive credit card debt for him and the parade and the parties, and tell them to STOP!. 

President-elect Obama, tell these families to stay home, save their money for their kids and enjoy the festivities on TV. Putting family finances at risk for hotel rooms, gowns, tuxedos and fancy new outfits for the kids is not what this new President would want -- at least I hope it's not.

Barack Obama should make as forceful a statement as possible at his next news conference -- it's more important for American families to save what little money they might have and put the credit cards back in the sock drawer for a real emergency. Better yet, announce that you're going to scale back for the swearing-in celebration, too.  I'm not saying that Michelle should wear a cloth coat like Pat Nixon or .  But if Obama really wants to send the message that the 'buck stops with him on the economy,' dialing back the January 20 events would be a good place to start.

Even though Joanne Bamberger, aka PunditMom, is also a DC Metro Mom, she's not planning on attending the inaugural, though she does have some used gowns and a practical cloth coat. 

Original 50-Something Moms Blog Post.


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