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Post Info TOPIC: Obama failed to close Chicago 2016 Summer Olympic deal.
Do you think Obama should have gone to Copenhagen? [3 vote(s)]

Yes, but Oprah should have stayed home
0.0%
No
0.0%
Not sure
0.0%
Obama should now hire an Olympics Czar
100.0%
SELLC


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Obama failed to close Chicago 2016 Summer Olympic deal.
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It seems President Obama was unable to win the hearts of the international Olympic committee to host the Olympics in Chicago.

A lot of people are trying to make a correlation with his failure to close this deal with other issues such as health care and the on going problems in the Iraq and Afghanistan. I wont even mention GUTMO-BAY... Eh... Ooops.

While Obama only spent 5 hours in Copenhagen some are left wondering why he even bothered to "Gas up the Jet". Perhaps it wouldnt have been such a blow, had Chicago not come in DEAD LAST for consideration of the 2016 Summer Games, despite the president personally making the pitch.

If anything good becomes of this waste of money, I would hope that Obama now realizes what the international community thinks of him, and that pleading with these other countries, making appearances and kissing up to them is not buying him brownie points. As I have said before, Obama's failure is not only his own, but also reflects on all us Americans. I think many in the international community remember Obama giving corporations a hard time for flying in to seek TARP money, yet on a whim Obama gasses up the Jet and heads to Copenhagen to ask for an international concession.

I will give Obama credit for trying, but his bias with trying to promote Chicago as a place for the Olympics really speaks volumes about the talking heads "Dirty Politics" claims. He may as well suggested DetroitCity considering all of the other "Far Nicer" places to host such a stellar event.

I think reading this article gives much insight not mentioned above, so if you got some time have a read and let me know your thoughts.

http://www.msnbc.msn.com/id/33144810/ns/politics-white_house



-- Edited by SELLC on Saturday 3rd of October 2009 02:55:17 AM

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Can there be ANY doubt why he failed to close the Chicago 2016 Summer Olympic deal?

Illinois facing 'outright disaster' amid budget crisis

'We are not paying bills for absolutely essential services ... that is obscene'

CHICAGO Even by the standards of this deficit-ridden state, Illinoiss comptroller, Daniel W. Hynes, faces an ugly balance sheet. Precisely how ugly becomes clear when he beckons you into his office to examine his daily briefing memo.

He picks the papers off his desk and points to a figure in red: $5.01 billion.

This is what the state owes right now to schools, rehabilitation centers, child care, the state university and its getting worse every single day, he says in his downtown office.

Mr. Hynes shakes his head. This is not some esoteric budget issue; we are not paying bills for absolutely essential services, he says. That is obscene.

For the last few years, California stood more or less unchallenged as a symbol of the fiscal collapse of states during the recession.

Now Illinois has shouldered to the fore, as its dysfunctional political class refuses to pay the states bills and refuses to take the painful steps cuts and tax increases to close a deficit of at least $12 billion, equal to nearly half the states budget.

Insolvency looms
Then there is the spectacularly mismanaged pension system, which is at least 50 percent underfunded and, analysts warn, could push Illinois into insolvency if the economy fails to pick up.

http://www.msnbc.msn.com/id/38072919/ns/business-the_new_york_times



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SELLC


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And to think I gave Obama credit for trying!

If he didnt know Illinois was in trouble, then it makes you wonder if he realizes what kind of trouble our national economy is in!

Where is PowerStroker now?

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Much like Chicago, I'm still feeling the ripple effects of the Bush great recession. Why do you ask?

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It wasnt Bush that made people over finance their homes.

You blame Bush... I blame the people that tried to live above their means.

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He just de-regulated the banking industry so they started giving mortgages to ANYBODY because the banks no longer had to have any skin in the game... They just immediately bundled bad mortgages and sold them to Wall Street where they blew up and tanked the economy. That's why it's called the Bush Recession - because his policies of de-regulation caused it.

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PowerStroker it was during the Clinton Administration that people were taking out too much money on their homes.

When the Bush correction rolled around many people were devistated when they realized their 1000 square foot bungalo's were not worth 1/4 of a million dollars.

See the only people with "Skin in the Game" when it comes to taking out a home loan is YOU the BANK and the Realator. No one made a promise to these people that land would always be a good investment. They just figured that since god wasnt making any more land, they could not lose money.

I can remember them days oh too well... People buying up homes for rediculous prices and the people with homes already taking out huge home equity loans. These people really thought that they could not lose when it came to real estate. Well the bubble has poped, and instead of letting these lenders sink with the ship they are throwing the passengers off the boat while the Government contenues to bail them out with the same kind of money.

The Government bailing out all these companies today is much like the people who over-extended themselfs. Everyone thinks the Government is a safe bet, and there is no way it could go broke... Another bubble is about to pop, and when it does the banks will ultimatly fail like they should have to start with, and the people who over-exteneded themselfs will be out of a home. Not only that the Government will be coming after the people to pay for it all. I got a feeling it might not be pretty.

Who was it that said "Praise the lord and pass the ammo!"

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