Monday, August 8, 2016
Its funny, but the vile 1936 Munich Olympics was probably the closest thing to displaying how the nations and peoples of the world Sincerely see one other than any other and without phony pretense
Anyways read an article over the weekend where the mayor of Los Angeles, a biased pro-Hillary liberal no doubt 'warned' that if Trump wins the Presidency, it would negatively affect LA's chances of hosting the 2024 Olympics
To which we respond its just Another reason to vote Trump.
The reason nations clamor to host is 1% National Pride and 99% all the profit and kickbacks local businesses and politicians make from kickbacks and over-inflated prices for building the venues that would make the Pentagon proud...
They also have a tremendous negative effect on the local economies on the sites their held as money that barely go to the poor and destitute as it is, is continually siphoned to the Games making their situation even worse after..
Let's look at Rio for a moment..
That means the games will end up being approximately 51% over budget. The overall cost of the simply Olympic-related building projects has been estimated at $12 billion for which the state of Rio is responsible for $3 billion..
This does not count other expenses like security presence and other miscellaneous like bribes and other illegal efforts to lure the Olympic Committee to approve the site location
Meanwhile their city is mostly deplorable slums and dire poverty where drug trafficking and distribution runs rampant
And like all nations, Brazil chose to spend money not on bettering its people, but global egotism
According to a study at the Business School of Oxford, NO Olympic Games have come in under budget since 1960
The study also found that "at 156% in real terms, the Olympics have the highest average cost overrun of any type of mega-project,.. For a city and nation to decide to stage the Olympic Games is to decide to take on one of the most costly and financially most risky type of mega-project that exists, something that many cities and nations have learned to their peril.”
Despite our obliviousness to reality starting with that arrogant mulatto mule President who has the audacity to act like the nation is in good shape due to his leadership all the while worthless Democrat celebrities this past weekend feted and figuratively sucked his you-know-what to show their love of him on his birthday..
The US National Debt as of this very second is over $19.417 Trillion which averages out to $59,900 per person and $162,000 per actual taxpayer since over 90 million people do not work or contribute in any way to the economic betterment of the nation
And the mayor of LA is talking about Trump being an impediment to hosting the completely Inconsequential event!!
The 2004 Games in Athens ended up costing $15 billion for that small EU nation..
The costs have often been cited as a major contributor to the Greek government-debt crisis. Many of the venues lie vacant and rotting; the Independent UK newspaper reports as many as 21 out of 22 are currently unused..
Beijing in 2008 cost China a whopping $44 Billion and said at the end of the day, they made a profit of $146 million which comes to 0.03%
In other words, 30 cents profit per $100..
We guess that's better than taking a loss but not by much..
Back in 1998, Nagano Japan hosted the Olympics..
Organizers made big promises about increased tourism in the wake of the Games. But after the closing ceremony, the crowds never really came back. To make matters worse, the city went over its original budget by 56%
Allegations of corruption were leveled and entire boxes of financial records were reportedly burned. The cost of luring the games to Nagano remains unknown.
The Lake Placid Games were 320% over their original budget by the closing ceremony, according to the Oxford researchers. The organizers were left with a deficit of about $8 million, and needed a bailout from the New York state legislature in order to pay creditors.
Eight million seems paltry by today's standards but thanks to continued Fed dollar devaluation, that $8 million in 1980 is $23,258,072.35 at present
On and on it goes..
Posted by Susquehanna at Monday, August 08, 2016