Proof That Obama's Economic Plans Are Wrong for America

By Wayne Allyn Root, 2008 Libertarian Vice Presidential Nominee

Capitalism works in Las Vegas, Nevada! Las Vegas home sales are up a staggering 86%! Could Las Vegas be the first out of the recession? While President Obama moves our country and economy further away from capitalism, entrepreneurism and personal responsibility, my adopted hometown of Las Vegas, Nevada proves that the opposite direction is the one that works. Despite the worst economic downturn since 1929 (that I correctly labeled as a "depression" in the Spring of 2008), and a national economy showing few signs of life, Las Vegas is springing back to life. As usual, the most capitalist and fiscally conservative economy in the nation (Nevada) will be the first out of the recession.

In a sign that the local Nevada economy is far outpacing the nation, despite today's gloomy report that national retail sales are once again in decline, Las Vegas home sales were up a staggering 86% month-to-month. Yes, I said 86%! In the middle of an economic tsunami, capitalism is alive and well in Las Vegas. This is the 12th consecutive month of improvement in home sales in Las Vegas. Other signs of recovery in Las Vegas: hotel occupancy is up; the visitor count is up; and MGM Mirage just announced its first increase in hotel room prices in months. All of these are positive signs that Las Vegas is springing back to life to lead America's recovery. [more...]