Quoted from CICERO

I think you may not understand that gambling has zero productive value.  Wealth is created when you produce something of value that benefits society.  GE producing turbines was the creation of wealth since it increased the productive output for its customer and society as a whole.  ALCO produced train engines that were used to move freight around the country more quickly and efficiently.  Carrier made air conditioners that improved people's lives by keeping homes and businesses cool and increasing productivity, as well as refrigerating food storage warehouses extending the shelf life of perishable foods.

Gambling is a rigged game of chance that produces nothing but degenerate gamblers that squander their money on games of chance, hoping to improve their lot in life.  But, who cares if state sanctioned gambling send people into bankruptcy, so long as store fronts are open and tax revenue increases, all is wonderful.  

Welcome to the Potemkin Village called Schenectady.

Quoted Text

Although the economy of Greece had improved in recent decades due to the industrial development and tourism, presently the country faces a large and severe economic crisis. The currency of money in Greece since January 2002 is euro, which replaced drachma. The preparation for the Olympic Games of 2004 gave an impulse to the Greek economy. However, presently the country faces a severe debt crisis and has many challenges to face, such as the low rate of development and the large unemployment (25% in December 2012). Economical characteristics The Economy of Greece is the 15th largest economy in the 27-member European Union and the 34th largest country in the world by nominal gross domestic product (2012). A developed country, the economy of Greece is based on service sector (85%) and industry (12%), while the agricultural sector consists only 3% of the national economic output. The most important economic industries in Greece are tourism and merchant shipping. In fact, about 15 million international tourists visit Greece every year, which makes it the 7th most visited country in the EU and the 16th in the world. As for merchant shipping, Greece has the largest merchant marine in the world as it covers 16% of the world's total capacity. In 1982, Greece became a member of the European Community (later European Union). In January 2002, Euro became the official currency of the country, replacing drachma at an exchange rate of 340.75 drachma to euro. Greece is also a member of the International Monatery Fund, the World Trade Organization, the Organization for the Economic Co-operation and Development and many other world financial organizations. The Greek debt crisis Following the 2007 world financial crisis, the Eurozone debt crisis and the longterm problems of the Greek economy, Greece presently faces significant problems, like the high rate of unemployment (25% in December 2012), tax invasion and corruption of the political parties. As a result, the country received (April 2010) a large loan from the World Monetary Fund and the European Union. In exchange for this large bailout, the government announced combined spending cuts and tax increases on top of the tough austerity measures already taken. Greece is presently in the most severe crisis since the restoration of democracy in 1974. The Greek economy saw growth rates of -7,1% in 2011, -4,9% in 2010, -3,1% in 2009 and -0,2% in 2008. The financial assistance by the EU and the IMF has no impressive results so far and the austerity packages have been met with anger by the public, leading to riots, social unrest and strikes. Despite the many austerity measures, the govermment deficit does not reduce accordingly, leading to largest recession. Source: http://www.greeka.com

Quoted from DemocraticVoiceOfReason

I never suggested that gambling produces products like GE or ALCO.  Even, a company the size of GE makes money on selling a SERVICE.   GE made huge profits with its banking/credit business.  Banks and credit services do NOT produce a product -- but they do produce something beneficial. The same with casinos.  A casino would draw people who will spend money and that money will benefit local businesses and the people that they hire.

I see you still believe that having storefronts occupied, selling goods and generating income is a bad thing.  I suggest that you go study basic economics before you return to this debate.

Quoted from CICERO

You're right, banking creates nothing either, just debt.  We see what happened in 2008 when people think banking profits are a reflection of wealth.  It isn't, and the government bails out the valueless banks by putting the citizens in more debt in order to continue the illusion.  A Casino is the same thing, it's an illusion of economic growth activity, built on people gambling in many cases on credit card advances.

Just like the NYS lotto, a casino is nothing more than a poor mans tax.

Quoted from DemocraticVoiceOfReason

The jobs that banks, casinos and other SERVICE providers create is NOT an illusion.  A casino would create VERY REAL economic activity.

Quoted from CICERO

I think you may not understand that gambling has zero productive value.  Wealth is created when you produce something of value that benefits society.  GE producing turbines was the creation of wealth since it increased the productive output for its customer and society as a whole.  ALCO produced train engines that were used to move freight around the country more quickly and efficiently.  Carrier made air conditioners that improved people's lives by keeping homes and businesses cool and increasing productivity, as well as refrigerating food storage warehouses extending the shelf life of perishable foods.

Gambling is a rigged game of chance that produces nothing but degenerate gamblers that squander their money on games of chance, hoping to improve their lot in life.  But, who cares if state sanctioned gambling send people into bankruptcy, so long as store fronts are open and tax revenue increases, all is wonderful.  

Welcome to the Potemkin Village called Schenectady.

Quoted from Sombody

things change- two casinos I know of- Elgin Illinois The Grand Victoria casino sits on the site of the old Elgin Watch Factory.

The Hollywood Columbus  sits on the site of the old Delphi Automotive parts plant.

these business are fr entertainment. The product is fun.  Do you get it ?  Like donuts.  stop trippin

Quoted from Sombody

things change- two casinos I know of- Elgin Illinois The Grand Victoria casino sits on the site of the old Elgin Watch Factory.

The Hollywood Columbus  sits on the site of the old Delphi Automotive parts plant.

these business are fr entertainment. The product is fun.  Do you get it ?  Like donuts.  stop trippin

Quoted from DemocraticVoiceOfReason

There is no doubt that bringing MANUFACTURING back to the US would be a better way to go than building casinos.  The difficulty is NOT just government policy -- many of the people who decry the loss of manufacturing jobs in the US are the same ones who hurry off to shop at discount stores for cheap, foreign made products.

Here is a challenge to EVERYONE:  This Christmas/Hanukkah Season do NOT spend even $1 on foreign made decorations or items to give as presents.  Only purchase goods made in the U.S.A.   The average American family spends $800 on presents alone.  If they spent that all on goods made in the U.S.A. instead of goods made overseas -- a) that wouuld send a real message to business and political leaders and b) boost OUR national economy.

Quoted from DemocraticVoiceOfReason

The jobs that banks, casinos and other SERVICE providers create is NOT an illusion.  A casino would create VERY REAL economic activity.

Quoted from DemocraticVoiceOfReason

The economic crisis that began in 2007, began because President Clinton's economy was built on a bubble -- a real estate bubble fueled by extremist liberal twaddle (pushed by folks like Barney Frank) that banks and other lending entities should be forced to give mortgages to ANYBODY and EVERYBODY regardless of their ability to repay the mortgage and by the repeal of Glass-Steagel which allowed the Clinton's cronies to make billions on very risky investments of OTHER peoples' money.

The Clintons, Barney Frank, Reid, Pelosi, Obama are NOT real Democrats.  They are opportunistic whores of the worst kind who undid decades of sound and responsible policy to make themselves and their friends rich.  They (those listed above) were or are not representatives of the American people but up for sale to the highest bidder.