Friday, November 20, 2009
The economy has not only hit our nation hard, but it has hit tribal nations hard as well. Foxwoods will apparently default on a loan, clearly demonstrating financial weakness at the Mashantucket Pequot Tribal Nation.
Over 10,000 people are employed at the "Wonder of it All"... and state lawmakers are counting heavily on the money coming in from Foxwoods. Naturally, as you can see in the video above, that crusty creation of dark magic, Sen. Edith Prague managed to turn the topic back to her cause celeb: unionization. "Even though I'm sort of bent out of shape that they don't allow their workers to unionize and then they have their own worker's comp system," she snorted. "Do I like that? No, but the fact is people are working and they are coming home with a salary and I don't want to see them fail."
Don't LET THEM unionize? The employees themselves voted not to. But since when does a Connecticut Democrat believe in the results of a fair election?
Regardless, the default is bad news. Should Foxwoods fail, we can kiss that $400 million we get from them a year in slot revenue goodbye. In addition, the fallout on area commerce would be catastrophic.