{"id":2100,"date":"2010-01-29T13:40:49","date_gmt":"2010-01-29T21:40:49","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=2100"},"modified":"2010-01-29T13:41:49","modified_gmt":"2010-01-29T21:41:49","slug":"thinking-small","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/thinking-small\/","title":{"rendered":"Thinking small"},"content":{"rendered":"

A new analysis of the White House<\/strong>‘s latest set of proposed economic stimuli tells us not to expect much … and why<\/a>. Since the main target for pump-priming is small business, we’ll not expect much of any direct benefit to the casino industry and, in terms of consumer spending, not a heckuva lot of trickle-down either. People who are working 32 hours a week going back to full-time employment is a good thing but highly unlikely to support, say, a Las Vegas Strip<\/strong> that was predicated on a coked-up economy floating blissfully atop a bubble of cheaply obtained debt. We’re all running hard to stay in place, never mind get back to the lifestyle we enjoyed a few years ago.<\/p>\n

My personal hope is that there’s a sufficient loosening of consumer spending that all those casino workers who have seen their schedule (and, consequently, pay) whacked by 20% or more, can enjoy the benefits — literal and figurative — of a 40-hour work week once again. As for the industry in general, it probably ought to pretend that the 2004-7 revenue bubble never occurred. It will make for a more realistic set of expectations. It’s been said several times over that, when a recovery comes, Nevada will feel it last (even later than Atlantic City<\/strong> — surely not!), so we’d better settle in for a long wait.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new analysis of the White House‘s latest set of proposed economic stimuli tells us not to expect much … and why. Since the main target for pump-priming is small business, we’ll not expect much of any direct benefit to … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,28,14,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2100"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=2100"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2100\/revisions"}],"predecessor-version":[{"id":2102,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/2100\/revisions\/2102"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=2100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=2100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=2100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}