Wednesday, March 11, 2009

Class Warfare Rhetoric Has Unintended Consequences

If you castigate businesses for going to Las Vegas, and they cancel their reservations, your words will have consequences, Mr. President. Remember, too, that class warfare hurts the working class the most...

Local economy down as event cancellations pile up
By Benjamin Spillman
LAS VEGAS REVIEW-JOURNAL

On Tuesday, the Las Vegas Convention and Visitors Authority reported 340 event cancellations in the past 90 days, a situation it said has cost the local economy about $131.6 million in lost spending.

The rampant flaking on Las Vegas business trips coincides with the dramatic tanking of the global economy and has accelerated more recently with public scoldings dished out by Obama and other politicians to bailout-seeking businesses considering Sin City getaways.

The cancellation of conventions and business meetings has cost local resorts 111,800 guests and 236,700 room nights and untold amounts of casino betting; the $131.6 million figure represents non-gambling spending only.

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