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11.16 Scotland was first Industrialized Country to Run wholly on Wind in October

11.16 How pesticide bans can prevent tens of thousands of suicides a year [how many thousands more die early from eating pesticide-laced food?]

11.15  The long read:  The plastic backlash: what's behind our sudden rage – and will it make a difference? [the world wants to throw-up...]

11.15 Claws out: crab fishermen sue 30 oil firms over climate change [workers are waking-up...]

11.15 Trump administration to cut air pollution from heavy-duty trucks

11.14 Backed by Ocasio-Cortez, Youth Climate Activists Arrested in Pelosi's Office Demanding Democrats Embrace 'Green New Deal'

11.13 What would a smog-free city look like?

11.13 Global report highlights Australia’s renewables potential amid mixed signals for coal

11.13 Interior department whistleblower: Ryan Zinke hollowed out the agency

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11.12 Planned Parenthood's new president warns of 'state of emergency' for women's health

11.11 Trump responds to worst fires in California’s history by threatening to withhold federal aid [behaving ignorantly again...]

11.11 Interior department sued for ‘secretive process’ in at-risk species assessment [behaving ignorantly again...]

11.11 Keystone XL pipeline: judge rules government 'jumped the gun' and orders halt [behaving ignorantly again...]

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11.18 Khanna to Pelosi: Don't Just Create Green New Deal Select Committee, Make Ocasio-Cortez Its Chair [Will Pelosi earnestly change, or end her career in disgrace?]

11.18 Chuck Schumer, Feckless Hack [Neoliberal Democrats must go!]

11.18 What the State of the VA Tells Us About Trump’s War on Welfare [Privatizing often results in outright fraud and higher costs by private prisons, privatized health insurance and health care, privatized public schools and online "colleges" like Trump University]

11.17 What the State of the VA Tells Us About Trump’s War on Welfare

11.17 As Energy for Medicare for All Explodes, Steny Hoyer's Plan Includes Waiting for Trump to Help Make Obamacare Better [Another who is unfit to be Democrat leader]

11.17 'A Staggeringly Bad Idea': Outrage as Pelosi Pushes Tax Rule That Would 'Kneecap the Progressive Agenda' [Unfit to be Democrat leader]

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11.16 Trump doesn’t want to punish Saudi Arabia over Khashoggi. His new sanctions prove it. [George W. Bush made a similar immoral decision for the same oily reasons after 9-11, protecting Saudi defense contracts while facilitating the slaughter of poorer Arab "terrorists" in the region.]

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11.17 Saudi crown prince's 'fit' delays UN resolution on war in Yemen

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11.17 CIA finds Saudi crown prince ordered Jamal Khashoggi killing – report

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  Thinking about the Olympics of 2016
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COMMENTARY:

Thinking about the Olympics of 2016

by Fred Cederholm

Chicago’s getting the 2016 games might have enriched a few, but all but two of the modern Olympic Games have left their hosting cities in debt for decades. Therefore instead of lobbying for the Olympics in Chicago and the like, Obama should focus more on critically important problems.

I’ve been thinking about the Olympics of 2016. Actually I’ve been thinking about Chicago, President Obama, Afghanistan, healthcare reconstitution, banking, jobs, and our economic mess(es). The media is ripe for the picking of the City of Rio as the host for the summer Olympic Games in 2016. Chicago had lost!!! Outcries of defeat and rejection are almost everywhere.

You see Chicago was a contender for being the host city, but it was ousted from the selection process on the very first vote. The second balloting ended Tokyo’s dreams for the host position. In the final voting between Rio and Madrid, Rio won. Chicago had given it a serious run, but despite having an almost nine figure presentation/proposal... and an arm twisting by President Barack Obama, First Lady Michelle Obama, and “THE Oprah;” the Olympic site selection committee made quick work of “the City of Big Shoulders.” I had felt it would go to Rio since NO Olympic games had ever been staged/hosted in South America. I did feel that Chicago would come in a respectable second place, however.

I now live about 70 miles due west of Chicago and had earlier lived in the adjacent suburb of Oak Park for almost a decade. I still know (and keep in contact with) a number of Chicagoans. Not one of them wanted to have the Olympics come to their home town – a short seven years in the future. The one couple (who was sort of indifferent to the selection) would be pulling out of Chicago in four years to retire to Arizona. Apparently my sampling of city dwellers was not THAT uncommon as roughly 50% opposed Chicago hosting the 2016 Games. They felt Chicago (and Illinois) just could not afford it.

The Obama(s)/Oprah factors in the selection mix put a different twist of the rejection of Chicago. These are highly visible people who are both loved and hated by significant numbers of Americans. These three could not win (for losing) by taking a part in hawking “the City on the Lake” to the selection committee in Copenhagen last week. True, had Chicago been selected, they “might” have gotten some credit for sealing the deal. Selection of Rio had them flying home and experiencing the agony of defeat – and NOT the thrill of victory! I suspect the media frenzy about the choice to continue for about another week at the most. Any critic of the Obama administration would capitalize on this outcome. Then too... had Obama not gone to hype his adopted home city there would be equal criticism levied.

No President had ever made a trip to close an Olympic deal. I’m not certain it was a wise decision for President Obama given all that is presently on his plate at the moment. He is re-TH*NK*NG his plan for Afghanistan that surfaced a scant six months ago. We are getting our fannies kicked there with hardly a remote chance of a victory under any definition. Such is not the fault of our young service men and women. Such is the nature of guerilla war. 40,000 more in deployments will make little difference.

Obama’s quest to reconstitute the nation’s health care system is already on life support! There are just too many segments making big bucks on the way things are now. Lobbyists are working overtime. A Federal participation in the insurance underwriting process is dead in the water at present. I can see both good and bad points in this, but feel that a single and nationwide payer system is critical for any real success. Obama has staged a number of town meetings and guest spots on talk shows. Just what this has accomplished I have no feeling. The President is diluting the impact of his “bully” pulpit by hogging the media. He needs to work more effectively behind the scenes – thereby sharing the credit for successes.

The Olympic brouhaha has taken attention away from the ongoing banking crisis. The FDIC staged its 95th, 96th, 97th and 98th bank takeovers this past weekend for the calendar 2009 alone. None of these institutions had a presence beyond their indigenous communities! Still... these were enough to wipe out the remaining reserves of the nation’s sole banking underwriter. There are reportedly now 400 plus institutions needing bailout assistance. The FDIC’s plan to re-fund their reserves by assessing member banks their “dues” thru 2012 at one time right now, just isn’t going to cut it. Unless you follow this industry and dig on the internet – you’d never know that!

The US continues to hemorrhage a quarter million job losses a month. Uncle $ugar’s media/spokespeople claim our recession/depression is over, or is at least turning around. Chicago’s getting the 2016 games might have enriched a few, but all but two of the modern Olympic Games have left their hosting cities in debt for decades. Chicago would be NO different!

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.


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This story was published on October 5, 2009.

 

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