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Very bad Nevada economy threatens Obama
Topic Started: Oct 17 2011, 03:14 AM (200 Views)
Max
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Pickle barrel, pickle barrel, Kumquat!
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HENDERSON, Nev. (AP) - Look no further than Nevada - and this swing voting city - to understand why President Barack Obama may not win re-election next fall.

Unemployment has grown to 13.4 percent, well above the national average, in recent months. The state has the highest foreclosure rate and record bankruptcies. And shuttered casinos collect dust along the glittering Las Vegas Strip that's usually a robust artery of jobs.

"Obama's hope hasn't done anything," grouses Larry James, a security guard who moved here from Philadelphia for work a decade ago, back when the state was booming.

It's so bad here that even the president's fans worry about the country firing him - and Nevadans helping.

"I'm afraid for Obama," frets Linda Overby.

The state is filled with people like Overby and her husband, who lost their union painting jobs and began paying their mortgage with unemployment checks in April. They'd like to look for work elsewhere but they are "underwater" - they owe more for their mortgage than what their home is worth. The value has dropped from $330,000 to $88,000 in six years. And her household income has declined from $2,000 to $650 a week.

Such statistics, comments and stories shed light on why Nevada is one of the Republican Party's targets to pick up come November 2012 - and why Democrats are worried.

It also explains why Nevada is abuzz in national political activity this week.

SOURCE:YahooNews

I think this high unemployment is going to wreck Obama's chances for re-election.
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LarryOldtimer
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The Man!!!
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I went to Laughlin to get remarried. What had happened was quite obvious . . . the MBAs had taken over . . . and in their greed, they took all of the fun out of gambling. Sure, saved a bit of money at first, but business fell off until there is hardly any.

I had saved quarters on the off chance that I might once again go to either Vegas or Laughlin . . . and couldn't find a slot to put a quarter in . . . and any payoffs were quiet as could be . . . get a piece of paper that could be cashed in . . . and as a consequence, casios were as quiet as a church. Without excitement of at least some others winning, few were willing to play at all.
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Max
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Pickle barrel, pickle barrel, Kumquat!
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They used to say "you wouldn't play slots if you were deaf", meaning the lights and sounds of the machine were a big part of the draw.
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StrmySummer
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Storm Goddess

i just hope he doesn't get re-elected...and ppl's eyes are opened
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"Beginning now, let's play more, kiss more, love more, let's be so close that when one of us cries, the other tastes salt."
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