Obama Is Right!

Ok, maybe you’ve seen THIS and maybe you haven’t. The Mayor of Las Vegas – former attorney for the mob – Oscar Goodman, has refused to meet with, or even greet, President Obama during the latter’s trip to Sin City. The reason?  Obama made comments that people saving for college shouldn’t “blow” their money in Vegas. And the mayor, on behalf of the casinos, is deeply offended at the idea of the POTUS giving sound personal financial management advice.  

Here’s the bottom line: President Obama didn’t call for the abolishment of the Gaming industry. He advised people to not blow their money when they’re saving for their future. This was sound advice on many levels (think of the people who would be empowered if instead of investing in the casinos, they invested in themselves!) but it is particularly prudent advice because the people most likely to blow their money at casinos are precisely those who do so to the detriment of their financial future. And while the former mob-lawyer Mayor wants to act indignant, I say so be it.

So, I’ll give credit where I think credit is due: Good advice to the common man, Mr. President!

Tags: gambling, Las Vegas, Obama