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Is a bailout for Vegas casinos next?
Think Progress
Tuesday, December 9, 2008
Congress and the White House say they are moving closer towards an agreement on a $15 billion rescue plan for the auto industry. On CNBC this morning, Sen. John Ensign (R-NV) said he would be inclined to filibuster the auto rescue deal. “I think that not only myself but several of us will be looking at possibly blocking this package,” he said. But when the host asked Ensign whether the government should also rescue Ensign’s home state’s gaming industry, the Nevada senator left the door open:
Q: Las Vegas is quiet. If the gaming industry ever came to you and said we need some sort of assistance…where do we stop in all this?
ENSIGN: That’s exactly right. The gaming industry and the hotel industry are hurting and hurting very very bad. And by the way, the hotel industry across the United States, not just in Las Vegas, employs a lot more people than the auto industry does. … And we don’t hear people saying let’s bail out the tourism industry, and it’s hurting.
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17 Responses to “Is a bailout for Vegas casinos next?”
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December 9th, 2008 at 12:03 pm
Yet every election here in NV they want to add a room tax for hotels to “help education”. Obviously no one ever votes no on these initiatives, everyone wants money for education, yet where is the foresight on keeping the tourism alive? Remove those room taxes and you will have a surge in tourism, and more money in the state coffers.
December 9th, 2008 at 12:11 pm
It makes since that the “District of Criminals” would want to take care of “Sin City”.
I want a bail-out for not being able to produce my independent film, not winning the World Championship of Poker, not being able to finish my pilot license, not being able to complete my SCUBA dive master certification, and not being able to enter a car in the Indianapolis 500. Sorry, I guess those aren’t recognized organized crimes like embezzlement, loan sharking, skimming, enforcing unfair gaming laws, trading on inside information, bet fixing, and influence peddling.
We better learn that money talks, and how to boycott businesses that are harming the best interests and health of the people of the United States regardless of where the bail-outs end up. I am for saving the productive assets like the auto industry, but as a nationalized industry instead of continuing to reward managerial incompetence.
December 9th, 2008 at 12:16 pm
Hey Congress, I am out of work, I have no money, I can’t pay my mortgage, my car note is behind, I do odd jobs in order to try and get by. I would need to borrow $1,ooo,ooo from you all to help me out. Thanks but No thanks!!!!
December 9th, 2008 at 12:38 pm
Yeah Nevada hotels are hurting so the state government just raised the room tax! Gee that will help!
There are some great deals right now though.
I was able to get 4 nights at the Luxor for $49/night
December 9th, 2008 at 2:28 pm
perhaps we can bailout the whorehouses next? …they are undoubtedly suffering as we’re all getting sufficiently screwed by the government…
p.s. saw a $13/night rate at the Stratosphere..nice property too
December 9th, 2008 at 2:48 pm
Where can I get bumper stickers made that say “GOOGLE SEARCH CAFR” or “GOOGLE CAFR”
December 9th, 2008 at 2:58 pm
CAN I HAVE 2 MC BILLION PLEASE ?
December 9th, 2008 at 3:20 pm
In other words, Ensign is saying that his vote is negotiable – no bailout for Michigan unless Nevada gets one, too.
The vast majority of these politicians are available for the right price.
December 9th, 2008 at 4:39 pm
I’m no financial genius but this is backwards. Think about it. They are bickering and casting stones at an industry that employs Americans well beyond the assembly line. And they are simply knuckling under and cheerleading to save the banks….who virtually have absolutely no productive value to this society any more than a fuckin’ pro sports figure.
I say FUCK the godamn banks and let them rot. And yes, bail out ANY business that needs it in this country for the sake of the country and it’s people. This is so fucking ass backwards that it makes my skin crawl.
This Big Three controversy is just another huge freakin distortion and coverup from where the focus should be. And the focus should be killing those mother fucking banks who got us into this mess in the first place. Right, Andrew Jackson?
December 9th, 2008 at 7:51 pm
HAL SAYS:
I am for saving the productive assets like the auto industry, but as a nationalized industry instead of continuing to reward managerial incompetence.
This person should be congratulated because of being able to THINK.
December 10th, 2008 at 12:47 am
I’m one of those idiots that loves casinos…I have won thousands and lost thousands…nothing feels worse than losing your rent money and nothing feels better than winning it. It is insanity though when the adrenalin rush takes over the mind and turns a person into a monkey on crack pushing a button on a slot machine until they lose their home and have to live with the help of meals on wheels.
I had to get a grip though and filled out the paperwork at my local casino to stop me from coming in. However there is something much bigger with Casinos and that is this…
when trillions of dollars are printed out of thin air to fund black ops and such…the bubbles need to be burst and casinos fill this need. Siphon off all that senior citizen money and then funnel it back into the hands of the people who control the planet…a highly organized crime syndicate known as world government…see the Godfather or Casino movies for a hint of the real world. Just like wallstreet– casinos are about insiders getting theirs while suckers lose…a sucker is born every minute. Those of us with addictive personalities may be smart enough to see the con but fall prey to it anyway…It’s a personality flaw that wallstreet and casinos count on…which like it or not is ultimately free will…freedom to be an idiot…
However, if a casino is losing money it is an indication that something is very wrong…namely…the siphoning off is obviously huge and the trickle up theory as opposed to down allows the usual suspects to divide the world up as the crime families did in the godfather…the shadow government…Illuminati…Jewish mafia…russian, sicilian, Japanese…anglo…bankers…They comprise the shadow government. They create the bubbles that they burst as they go along and assign to such escape goats as Bin ladin or Hussein or Capone or some other sacraficial lamb that makes the system look like it brings corruption to justice…and of course it doesn’t.
There are essentially two forms of government in this world…both totaletarian. One is fascist…police states, jackbooted tasering thugs and laws laws laws and more laws tailored especially for you…
The other is that of quote unquote freedom…freedom to hang one’s self by doing drugs, losing fortunes to wallstreet and casinos and basically counting on mankinds seemingly endless ability to be conned out of his or her money…drug addicts end up stealing and going to prison…Gamblers lose everything…investors eventually lose too unless they are insiders…
But every thirty years or so these two forms of government need to bail each other out…under the fog of war…take out those who are wising up. And that is what we are seeing now…Only this time…thanks to mass information…more people are going to die…So the question is…are you a player or the played…
And if you have too much integrity to be a player…then you are going to need to find like minded people to back you up in the coming chaos…
As for me…I have my entire future hinged on Saturday nights lotto numbers.
December 10th, 2008 at 2:39 am
I myself have seen what has happened I am also out of work since I got out off the Air Force in October and I live in Las Vegas the unemployment rate is steadly rising while honest hard working americans cant feed their families cause the gaming industry are not hiring as of much I would like to thank the fake conservitives and the world bank for fucking up America to get their agenda across let alone all the undocumented workers that are taking all the jobs and get mad when I call imagration on their ass but its our country and I will defend it I have been awake since I could remember thanks to a family that never trusted the government but I say fuck the casinos and the banks give the money to americans born here not illigals or how ever its spelled I feel like grabbing my guns and starting killing off the global elite one by one that will put some fear in those fuckers for once that we the “People” dont want your gloabal government
December 10th, 2008 at 7:38 am
i am with you JOHN S==it is getting hard to live with myself waching al this going on-the hammer is falling-everything is happening at an accelerated pace-i cant keep up with the flow of information-sometimes my brain melts down(temporrary insanity/or temporrary sanity)i wish we could get on to the part where the battle starts-looks like the bastards are going to get thier way-hands down-i dont want to die for nothing-i aint going to no camp-i will not pay a banker to breathe-i am like you-if the shit dont get right soon,i will be one of those crazy people on tv-one of those conspiracy nuts that listens to alex jones-my whole life has been a lie,so that should not be too hard to swallow====SHATEREDELBOW===that is straight up-the system-one big happy family
December 10th, 2008 at 11:35 am
I think you misunderstood me Imanig…I am not defending the corruption…I am pointing out that things such as casinos and wallstreet are there to burst false bubbles created by their illegal self serving printing of money…and that most of us fall prey to it because of our own free will…
and or cowardice, laziness, stupidity…etc.
I support people such as yourself rising up…as long as you know who the enemy is…I try to do it through peaceful means…a lot of pressure can be put on a criminal by merely playing with his head…let him react to the pressure and snap rather than the public…then he will be seen for what he is…
as for my last line, humor merely points out that we are human and easily led back to the same mistakes that brought it all on…You two are advocating violence as an answer…maybe the time has come and maybe it’s just humanity chasing its tail once again…
To raise an army a person needs to first get the people to follow him…that happens with clear cut understanding of who what where and why the enemy is…or lying to them to ignite deep seeded fears.
December 10th, 2008 at 12:42 pm
I owned a piece of land free and clear that I wanted to build a house on,I went to the bank and asked for a line of credit to build with and they refused only giving me the option of placing my property up as collateral,Well once they had me mortgaged up to my balls,they then sold my mortgage to another company with whom I didn’t qualify for financing so that new mortgage lender foreclosed on me,long story short,I lost my property,after I had put up a brand new house and the mortgage company knew they could triple their investment if they could resell the property with a brand new house on it,well they were almost right,you see that new house just simply burst into a late night inferno and was completely consumed before the volunteer fire department could even get there to put it out….My loss,definitely not their gain..LOL
Oh and by the way,I have an alibi for the night that the fire started…
INFERNO
December 10th, 2008 at 1:30 pm
I also live in Vegas. And yes unemployment is up, the illegals are swarming my business for work.I hear stories everyday about someone else getting laid off. Gas prices are down but who has any money? I saw a guy yesterday put .80 cents in his car.
John Ensign has the casinos so far up his ass he jingles when he farts, he’s no help. So are we all to wait for the great obama to save us?
We told congress no on the bailout, but they blew us off and did it anyway, and the people voted most of them back in office in Nov. so they could shove it in farther.
Our goverment isn’t listening to the people anymore. We have the right to change it, that’s why we have the 2nd amendment. Soon enough people will be pissed and we will take our country back. I’m not going to a camp not while my heart still beats and I have ammo.
We know who the enemy is…who’s going to fire the first shot?
March 18th, 2009 at 5:18 pm
the comments here are having a laugh – i’ve added your blog to my netvibes account, keep up the good work