As if Chicago isn’t in enough debt, Obama wants to crank it up a notch:

President Barack Obama will travel to Copenhagen, Denmark, later this week to make a final push to get the International Olympic Committee to choose his hometown of Chicago selected for the 2016 summer games, the White House tells POLITICO. The announcement is due Friday.

Not everybody in Chicago wants the Games. And it won’t just be Chicago’s problem — all of us will pay for it:

Chicago and the Obama administration are exploring ways the federal government can bolster the city’s bid for the 2016 Olympic Games with financial support for the $1-billion Olympic Village.

Crain’s has learned that senior presidential adviser Valerie Jarrett and Lori Healey, president of the Chicago 2016 committee, met this month with top officials of the Department of Housing and Urban Development to discuss financing options for the village, the single biggest project — and question mark — in the city’s bid.

Do you feel comfortable funneling hundreds of millions of dollars into the Chicago political machine? What could possibly go wrong? But then, I’m afraid that’s the whole idea — to make this nothing but a stimulus program for crooks, thugs, goons, unions and politicians (today’s redundancy is brought to you by Taco Bell — Think outside the bun!).

If Chicago wins (or loses, depending on how you look at it) the bid, we might be amazed at how quickly ACORN and the rest become huge sports fans. Also look for new events to be added, such as the “Community organizer relay.” In track, all the sprinters will be running from trans-fat, foie gras and booze billboards, and the high jump will consist of competitors trying to propel themselves over a stack of inane city regulations. The “hop, skip & ban Wal-Mart” should be interesting as well

Of course we must also prepare ourselves for the good liberals in Chicago to either replace the Olympic Torch with a compact fluorescent light bulb or buy carbon credits from Al Gore to offset the flame smoke.

Also, since it’s Chicago we’re talking about, the athletes participating in all shooting events must turn their guns in for gift cards and will instead compete to see who can buy the most stuff at Target in one hour.

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