by Sixstrings » Tue 26 May 2009, 20:41:14
$this->bbcode_second_pass_quote('timmac', 'A')s to the problems here in Vegas we are having quite a few of them and its hard to tell how far down the rat hole we are going, however the layoffs are slowing down, only 10 percent layed off as of now that's not to many, my business is still growing and is some others, however anything to do with construction is not good right now.
The new 12,000 employees for the City Center was almost not going to happen because of Dubai was not putting in any more $$ but they had a change of heart and the project will now finish, but condo sells at City Center are next to nothing and where will they get the tourist for for the new Casino its going to be hard because the ones now are fighting over what tourist we have now.
Obama is in town and is spending the night at Caesars, maybe he will do some gambling and positive speeches for Vegas sake and bring back our economy. [yea right]

Uhm, what? How can the President say on one hand "greedy corporations, stop flying to Vegas for conferences" and then now you say he's on a junket to Vegas?
We all know the answer of course, the mayor and governor are steaming mad about the Administration's anti-Vegas comments amid an already big downturn in tourism. It wasn't all Obama's fault, but part of it was. Between the President's Vegas comments and the public furor over AIG trips, corporations en masse canceled their Vegas meetups.
So to make amends, that is why the President is in Vegas.
This whole thing illustrates the inherent paradox of criticizing the lavish lifestyles of the rich. What people forget is that, when the rich spend their money DOMESTICALLY, that really does mean money in a working man's pocket.
When the money stays in the bank or goes offshore, it helps nobody.
Ironically, the rich do us a service when they DO live lavishly and do so domestically.