History of Government Bailouts: Could the Sports Entertainment Industry be Next?
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Surfing The far side of THE Sombrero Galaxy Posts: 18,209
IF this economy continues on a downward swing will it affect the Sports industry and IF it does will the government be right there to Bail them out too???
The History of US Government Bailouts and is it too farfetched to think if troubled times continue this industry is next?
One good thing we the tax payers will own or may own a part of those teams.
Or maybe NOT considering how lousy some of these teams are. :(
Peace
October 14, 2008 5:13 pm EDT
With the flurry of recent government bailouts, we decided to try to put them in perspective. The circles below represent the size of U.S. government bailout, calculated in 2008 dollars. They are also in chronological order. Our chart focuses on U.S. government bailouts of U.S. corporations (and one city). We have not included instances where the U.S. government aided other nations.
Check out how the Treasury did in the end after initial government outlays.
The History of US Government Bailouts and is it too farfetched to think if troubled times continue this industry is next?
One good thing we the tax payers will own or may own a part of those teams.
Or maybe NOT considering how lousy some of these teams are. :(Peace
*We CAN bomb the World to pieces, but we CAN'T bomb it into PEACE*...Michael Franti
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
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Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
Correct. I hate the Patriots but I'll give their owner, Robert Kraft, credit for using his own coin to pay for Gillette Stadium.
I met RK in Palm Beach FL one of my boss's good friends. Yes I prefer owners who put up their own money to fund stadiums instead of raping cities to fund them.
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)