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View Full Version : WHY DOES OBAMA HATE LAS VEGAS???



jayalley
11-25-2009, 07:15 AM
Remember last winter when the Nitwit-in-Chief very publicly chastised the evil corporations for holding conventions in Las Vegas? Group bookings were quickly cancelled by the planeload and the hotel & gaming industry went into a nose-dive from which it has never recovered. Add to that the Democrat-patronage job-laden agencies like Freddie Mac (Jamie Gorelick) and Fannie Mae (Barney Frank's boyfriend) mandating loans to anyone who could sign their name. The result:

Nevada has the 2nd highest state unemployment rate in the country (after Michigan!) at almost 14% (real rate of 20%)

65% (!) of houses in Las Vegas are worth less than their mortgages (Wall Street Journal 11-24-09, page 1), many of them 50%(!) less.

Las Vegas has the nation's second highest mortgage default rate (2nd only to Miami's speculative bubble).

So, if you want to go to the Mosconi Cup.... you can probably get a very cheap room or empty condo rental, find plenty of seats in the restaurants and take your choice of casino seats. (Gee, I guess every cloud has a silver lining.) And did I mention that Chinese Macau posted its 3rd record month in a row?

Party on, Axelrod.

sack316
11-25-2009, 12:45 PM
Didn't know all of that. But knew it couldn't be a good sign when the Venetian is sending me deals that work out better than what I've stayed in Circus Circus for!

Sack

pooltchr
11-25-2009, 01:35 PM
Very surprising, since he got the endorsement from the union workers out there during his campaign!

I guess he doesn't care who he throws overboard.

Steve