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View Full Version : Mohegan Sun gets $54 Mil of Stimulus Money


waggy
06-21-2010, 03:44 PM
Good God.

http://abcnews.go.com/Blotter/mohegan-sun-casino-owners-received-54-million-stimulus/story?id=10889408
Masterofreality
06-21-2010, 03:51 PM
Can this country just stop spending money please while there is a trillion dollar deficit going on.

Let's see $54 million, probably about 27 new jobs= $2 million per job.

Hell, why not just throw the money to each member of the tribe in bales? It would cost less than this.

Or better yet, how about no money at all?
GoMuskies
06-21-2010, 04:02 PM
They're a client of my firm. Hopefully we helped to swindle some of that money out of the government. I was thinking of going to see their competitor this weekend (Foxwoods), but maybe I'll go to Mohegan instead to see if they're giving away any of that stimulus money.
XUglow
06-21-2010, 04:04 PM
At least we are getting the stimulus money to people that don't need it. Wait... no... that seems wrong somehow.
DC Muskie
06-21-2010, 04:21 PM
God Bless America!
GuyFawkes38
06-21-2010, 04:48 PM
In defense of the parties involved, it is a low interest loan. But yeah, it's still ridiculous.
smileyy
06-21-2010, 05:46 PM
In defense of the parties involved, it is a low interest loan. But yeah, it's still ridiculous.

This _really_ changes the face of it. A point of the stimulus was to lend when there was no liquidity for lending by banks.

When businesses can't borrow, Bad Shit happens, just like when the US Government isn't able to borrow any more ;)

I mean, it still looks funny, but there's a big difference between a "handout" and a "loan", assuming this works like a normal loan.
GuyFawkes38
06-21-2010, 05:55 PM
This _really_ changes the face of it. A point of the stimulus was to lend when there was no liquidity for lending by banks.

When businesses can't borrow, Bad Shit happens, just like when the US Government isn't able to borrow any more ;)

I mean, it still looks funny, but there's a big difference between a "handout" and a "loan", assuming this works like a normal loan.

yeah, there's definitely some truth to that.

But there are insider/outsider issues with this sort of thing. Ideally, you want to give the loan to a company who can benefit the economy the most with it (which are usually smaller to mid size companies). In practice, these types of loans are only given to large organizations with a lot of political clout.