How important is it to host the Olympics?
By bobmnu
@bobmnu (8157)
United States
September 29, 2009 1:45pm CST
Who is President Obama working for the City of Chicago or the American people. Why does he have to get involved in where the Olympics are being held in 2016? He does not have time to talk to his generals about the war they are fighting?
The only good thing is when he is not here the stock market goes up and investors make money and my retirement account increases in value.
1 person likes this
3 responses
@lifeplayer (1007)
• Malaysia
30 Sep 09
Many countries interested to host the Olympics due to the economic advantage. According to the history, all the Olympics host country are earning billions from this worldwide sport game. Also, it also helps on develop the city and promote the city to whole the world.
However, according to the Obama that no putting the war issue at the first place, no comment
@bobmnu (8157)
• United States
3 Oct 09
I am not sure that they make billions. I know it is expensive to host the games and that is why many people do not want to host the games. Have you ever tried to drive or even use public transportation in a mojor city. Now throw thousands more into the mix and they trying to get to one place all at the same time.
@bobmnu (8157)
• United States
4 Oct 09
I would suggest that you read the article "Estimating the Cost and Benefit of Hosting Olympic Games: What Can Beijing Expect from Its 2008 Games" at
http://findarticles.com/p/articles/mi_qa4127/is_200510/ai_n15705690/
Many political leaders will sell the idea based upon economics but any time the government spends money it is money that can not be spent by private business. If they spend several billion on new building and infrastructure that is billions that has to come from the tax payers and is not available to private investment. many of the jobs created by the Olympics are part time and of limited duration. you build many new hotel rooms and restaurants, and the question is who is going to use them after the Olympics? What will you do with the sports complex that has to be built? I still think the Olympics are a bad deal for the local tax payers.
@lifeplayer (1007)
• Malaysia
3 Oct 09
The citizen not too concern about the government earning but their life. That's the major reason many citizen do not suppose the olympic game. When the country success to be host the Olympic game, government will definately spend a lot of money and times to develop the city. During the development, sure the citizen will facing many problem such as air pollution, traffic jam etc. However, the country always try their best to host the Olympics, the reason is very straight forward, they are earning billions during the Olympics
@cher913 (25782)
• Canada
29 Sep 09
well, if the olympics come to your area, its pretty huge due to the amount of tourism that comes to your area. look at how vancouver is gearing up for 2010 winter olympics and the amount of money that they hope to bring into the city! but this is not without controversy either. http://en.wikipedia.org/wiki/2010_Winter_Olympics
@bobmnu (8157)
• United States
3 Oct 09
I was in Vancouver this summer and not all the people are happy. They are building a light rail that will not benefit them after the Olympics unless they add more tract and incur more expense.
In South Korea the view was different because they feel that by hosting the Olympics or other major international event they are forced to build new and improve the infra structure and that benefits the whole country.
It is coming out that many political leaders own property (or heavily invested in companies that do own the property) in and around the Olympic village and stand to make a great deal of money.
I am glad that Brazil received the bid. It will be nice to see someone new host the Olympics and to widen the appeal.
@coolcoder (2018)
• United States
29 Sep 09
Obama's working for only one person--himself. That's why he's trying to get the Olympics to Chicago...to make himself look good in everyone's eyes. He hasn't talked to his generals, because to be very blunt, he doesn't want to send more troops in. He's invested in making America look foolish in the eyes of the world, and so far, he's succeeded greatly at that.
