Zera's Blog

A Citizen's View from Main Street

The End of the Tunnel


Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman - Image via Wikipedia

Once again, Chris Christie, the governor of New Jersey, is looking at the future of his state through the eyes of a gambler. Last time, it was the gaming industry. I guess his plans for building up a tourism economy do not include access to the NYC market. This is an aspect of killing the tunnel that Mr. Krugman did not mention in his article.

He was right to criticize it as thwarting economic stimulus and recovery.

Republicans do not like to pay for anything, no matter how useful. If it had been up to them, we would never have become a world power.
NYT,Paul Krugman: The End of the Tunnel

October 14, 2010 Posted by | Direction, Economics | , , , , , , , | Leave a comment

New Jersey to Double Down on an Industry in Decline?


Christie’s plan. To reach right past “moral hazard” and “let them fail” to hit the “government intervention” button.

Welcome to the progressive side of the street. Maybe. Let’s kick some tires here.

First of all, there is that pesky drop in market share. Do you have a root-cause analysis of why that happened? Has anyone done a feasibility study? Or is he blindly supporting what may prove to be a buggy-whip economy? At least he acknowledged that it would increase crime.

The first businesses to return to New Orleans after Katrina were the casinos and hotels, even before housing. Around here, conservative candidates are talking about adding racino and riverboat gambling to Indian casinos, the failing horse track, and a whole array of lotteries and scratch-offs.

Las Vegas is struggling. Continue reading

July 30, 2010 Posted by | Capitalism, Direction, Economics | , , , , , , , , | Leave a comment

   

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