Wednesday, February 10, 2010

Jobs that Obama can take credit for...losing.

Do you suppose the Obama administration will include these in its next "created or saved" calculation?
The Ritz-Carlton Hotel Co will close its five-diamond property in Las Vegas this May, after the hotel struggled with a slide in demand and revenue.

"It's nothing the hotel did. It's a simple lack of business and a decline in the tourism industry," said Ritz-Carlton spokeswoman Vivian Deuschl.

...

Luxury hotels have also suffered from the backlash from the so-called "AIG effect," referring to the uproar caused by American International Group's decision to fly top brokers and executives to a resort shortly after receiving a bailout check from the U.S. government.

"The whole demonization of luxury meetings and companies' pulling back on having their high-end meetings in luxury hotels -- this has had a tremendous impact on Las Vegas," Deuschl said. "I can't think of another destination that has had to defend itself more against comments from politicians."
Congratulations, Barack, for demonstrating, again, the power of the bully pulpit.

The Ritz-Carlton Lake Las Vegas property employs some 350 people...

So, they've "created or saved" some 600,000 to 2 million jobs, depending on who you listen to. But they never seem to mention the four million destroyed...

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