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.Congratulations, Barack, for demonstrating, again, the power of the bully pulpit.
"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."
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...
Labels: AIG, jobs, obama, obamanomics
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