Governor Chris Christie of the Garden State was flush with taxpayer’s cash, went “all in” throwing good money after bad in Atlantic City. The results, four casinos were swept away, not by the Atlantic waves, but by the winds of time. A metaphor for other do-gooders, mostly of the liberal bent who continue to throw billions upon billions into public education. It just doesn’t work – stupid is stupid.
Perhaps the next stop for Governor Christie is Las Vegas, the city of dreams. A guy by the name of Adelson, knows a little bit about winning after all he owns the Sands, most likely will tell Christie that the way to win is to know when to walk away from the table.
Looking forward to 2016, Christie has to face the facts, his state is facing a 7% unemployment rate, Atlantic City’s rate is approaching 15%, Newark is in Detroit class and citizens are picking up and leaving before more of their savings are confiscated by big government. Can anyone imagine a Christie presidency? What would you have, Obama light.”
The Revel, the most recent casino, cost $2 billion and change folded up like a cheap suit. This was Christie’s biggest gamble, one where he said that Atlantic City is back. Actually, the casino industry in Atlantic City had their back up against the wall for the past decade.
Revel’s next door neighbor also folded, the Showboat is no more. The Trump Plaza crapped out closing its doors after the Miss America Pageant on September 16. What is left are the memories. Perhaps the collapse of Atlantic City’s icons are a good thing, less places to lose your money means spending on things you need may jump start the economy.
When will those who gamble on casinos creating jobs realize that bottom line “that casino and all forms of gambling are not net job creators.