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Nevada Bailout

I have mentiobned that the casino stocks in Nevada have lost over 90% of therir value. Sure enough the other Nevada US Senator Ensign is on this morning whining about how the hotel industry is bigger than the auto industry.  At least he is for a corporate tax cut though it is hard to see at the moment how that helps a hotel that is not making any money.

Nevada casinos are heavily unionized like the Detroit UAW and that is how Senator Reid got elected. Ensign the Republican senator from nevada was saying that Detroit had bad management. Well gee Seantor, as Las Vegas cotinued to build on a gambling business model assuming people would always gamble, how smart was that? should the management of Las Vegas casinos be replaced?  And while I am at it, how would the poorly managed US Senate or Congress know a good leader?

for sure Pelosi and Reid are not Sam Rayburn and Lyndon Johnson….

Trivia Question, who was Sam Rayburn, look it up!

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2 responses to “Nevada Bailout”

  1. Yovela Rico Avatar
    Yovela Rico

    He was Speaker of the house for 17 years and possibly the most effective speaker in history. He went to Mayo College, now Texas A & M-Commerce. He held a few other political offices. Okay, I looked it up.

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  2. Deborah Mora Avatar
    Deborah Mora

    I was unaware that the casinos could lose so much. I didn’t know that they had unions at the casinos. You wouldn’t think that those dealers were making so much more for throwing the cards on the table. But the people have stop going to Nevada to gamble and staying in the hotels. Travel has slowed down a lot for all states not just theirs. This recession in our economy has hurt a lot of business. Plus it has hurt the individual person who is trying to survive in today’s world. He is just whining because the auto makers received help from the government.

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