Posted by Jon Fleischman at 12:00 am on Oct 02, 2009 1 Comment
You have to wonder about the political dynamic of President and
Mrs. Obama traveling to Europe to personally pitch and lobby for
the Unites States to host the 2016 Olympic games in the President's
home city of Chicago.
The news that the US was not chosen to host the 2016 games was
bad enough (politically), but to be eliminated early in the
process…
So… Either the President knew Chi-town was out, but felt he
needed to show the colors (lest not being chasen be layed at his
feet) or he didn't know and that is sad.
Either way, it is good news for taxpayers in Chicago, Illinois
and perhaps the country. You see, at some point, the International
Olympic Organizing Committee put an outrageous requirement into
place that the host country's GOVERNMENT has to indemnify the IOOC
against an Olympic Games that loses money. That's right — if an
Olympic Games hosted by the U.S. loses money, taxpayers are on the
hook! The people of Greece are still reeling with the debt absorbed
by their government because the Olympics in Athens in 2002 lost
money.
On a side note, as someone who likes to attend Olympic Games… Read More