Thursday, March 29, 2012

Think of the Lives Destroyed by Foxwoods Casino



Legalized gambling is, essentially, a means by which the proprietor can print their own money. It is nothing less than a guaranteed cash cow. Except when people fail to understand that gambling is a bubble, not a constant line going upwards. The Foxwoods bubble has peaked, and now revenues are going down. Couple all of that with extremely poor decisions and heavy borrowing against future receipts, and you have no way out of the dive. As soon as the recession hit, they knew their gambling receipts were going to flatten. But they didn't stop trying to expand and they didn't stop living as if revenues were never going to fall.

Later in this piece, someone brings up the idea of being "realistic" members of our society. If you've been living off the fantasy that legalized gambling is a good idea, you are going to have to come back to reality.
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Friday, March 16, 2012

This American Life Gets Burned By Mike Daisey

This is the understatement of the year:

The problem is, journalistic outfits don't do theater; it tends to undermine their credibility. Mike Daisey's admission undercuts his entire program. And the crux of his program was that Apple was using a company in China that was killing people in order to manufacture enough Apple devices for rich Western nations to consume.

Wow. That's all you can say. Wow.

So, This American Life [as of 11PM Europe time I couldn't access their website because it would appear to be down or overwhelmed by traffic] will now have to fall onto a mighty thick sword and try to survive the brutal criticism that will follow. Mike Daisey will continue to go on doing "theater" and I don't think he'll be welcome anywhere except for Fox News.
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Saturday, March 3, 2012

Scott Walker is a Failed Governor


This is pretty much all of Laura Conaway's brilliant post over at the Maddow Blog, and I cannot improve upon it at all. In fact, I cannot understand how it is that the Republican Party can continue to embrace this idea that balanced budgets must be achieved at all costs.

In Wisconsin, this mentality has failed. Cutting budgets, destroying public sector unions, and austerity are failed policies. Jobs are actually going in the wrong direction in Wisconsin right now; times are tough and getting tougher.

I guess it must be time to get rid of Scott Walker and hope that someone can turn things around.
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Thursday, March 1, 2012

Rush Limbaugh Chases Himself Into the Gutter Again


If you were expecting Rush Limbaugh to find the high ground and criticize the policy, you were mistaken. The only way he can defend the right of the organization mandated to provide contraception coverage to get out of their obligation is to use the worst form of discourse possible and attack someone who merely testified before Congress in favor of the plan. The easy thing is to go after the woman; the difficult thing is to acknowledge that she is correct. Contraception should be paid for since it is part of the overall health care costs incurred by women. It is not about morality; it is about public health.

When companies find loopholes to stop paying for coverage, they seek more loopholes and they try to find other things that they can get out of paying for. This has nothing to do with morality or what a person does (and you'd think libertarians would get this point) because it's about getting out of having to pay for a health care cost.

Anyone stupid enough to fall for this deserves to find out what it's like to see their savings and their assets wiped out by health care costs.
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