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Sunday, February 15, 2009

President Obama Pays Back Vegas Unions by Telling CEOs to "Stay Away From Vegas"

I'll file this report under "Think before you speak"...

If you want to know how Barack Obama pays back favors, ask a member of Nevada’s Culinary Workers Union or Service Employees International Union. A year ago, those organizations gave Obama high-profile endorsements before the Nevada caucuses (in which Obama ended up doing very well). So last week, naturally, President Obama warned Americans against spending their money in Las Vegas. Sermonizing to some invisible Wall Street Greedsters at a town hall meeting on Monday, Obama said:

You are not going to be able to give out these big bonuses until you’ve paid taxpayers back, you can’t get corporate jets, you can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayers dime.

But the waiters, housekeepers, and kitchen hands of Las Vegas are also taxpayers, and somehow Obama thinks it’s okay to do a little populist grandstanding on their dime. Wall Street Greedsters may not have been in attendance, but they were in ear-shot: Goldman Sachs and Wells Fargo pulled the plug on their Las Vegas junkets, sending Las Vegas’s ailing service industry into a tailspin. According to this report:

The president took particular aim at Las Vegas’ convention business, but the ripple effect of his comments could stretch far beyond the convention floor.

Fewer convention workers, hurts the hands that feed them as one Valley caterer’s business is down 50%.

Local unions aren’t seeing massive layoffs but expect fewer of their members to be hired.

Source: Contentions

Words do matter. And the words of a President matter more...