Cancel the public inauguration due to lack of funds

We the people petition that President Obama should forgoe his public, and expensive, inauguration to second term, for a private and less expensive ceremony. In light of the economic hardships that this countries citizens, AND governments, are facing, it is ridiculous, immoral and arrogant for our President to conduct an inauguration, that will cost in the hundreds of millions of dollars to celebrate the swearing in of an office that he already holds.