Losing Las Vegas
By Pat Racimora on May 26, 2009 at 8:50 PM in Current Affairs
As I put together this illustration, Obama was on his way to do a fundraiser for Senator Harry Reid in Las Vegas, Nevada.
So why isn’t the state’s governor willing to meet with the President of the United States? And why is the Las Vegas Mayor demanding that Obama offer an apology?
Well the brohaha started out last February, as Obama rallied against excesses, in little Elkhart, Indiana.
Here’s what President Obama said that caused Las Vegas to flip its chips:
…Look, we understand that the banking system is fragile right now and even though those folks made bad decisions — could bring down the entire economy, and it affects towns like Elkhart, so we’re going to do something strengthen the banking system. But, you know, you are not going to be able to give out these big bonuses until you’ve paid taxpayers back. You can’t get corporate jets — you can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayers’ dime. (Applause.)
Tourism, of course, is how Las Vegas survives. Without people to fill up the rooms and the gambling tables, the whole area would soon be in ruins. The Republican Governor Jim Gibbons claims that Obama has single-handedly cost the Las Vegas community $100 million dollars and has caused a wave of convention cancellations.
In all fairness, Las Vegas has seen its luck drain away for at least a couple of years now.
Here are some stats:
Commercial building permits — down 57 percent.
Commercial building permit values — down 72 percent.
Passengers at McCarran International Airport — down 14 percent.
Gross gaming revenue — down 18 percent.
Visitor volume — down 10.9 percent.
Convention attendance — down 4.9 percent.
Gallons of gasoline used — down 5.3 percent. (That is an indicator of out-of-state visitors and transportation of goods.)
So it seems unfair to blame the recent free fall of the Las Vegas economy on our President
However, I have one question. If the President is so concerned about excess, how come today he got on to Air Force One and flew to Las Vegas on that tax payers’ dime?























