Obamanomics to the rescue? Ski areas say NYET!

By
Real Estate Agent with 1st Action Real Estate
11-20 obamanomics & ski areas
Obamanomics to the rescue?
The Associated Press
November 20, 2008, 1:08PM ET 

3 Colorado ski resorts bracing for layoffs

Ski resort workers at three Colorado mountains are bracing for layoffs as a Canadian resort operator says the poor economy will force job cuts.

Intrawest Corp. this week did not say exactly how many jobs will go at its three owned or operated Colorado resorts -- Copper Mountain, Steamboat Ski & Resort and Winter Park. But the Vancouver-based resort operator says the drop in business at its resorts is unlike anything it has experienced in recent years.

The company employs 22,000 workers during the peak winter season in Canada and the United States.

Intrawest also operates Canada's Whistler-Blackcomb ski resort, a major venue for the Vancouver 2010 Winter Olympic Games.

Awrighty then. I heard this report on the radio today and had to rush home and see if my old home town, Telluride, was among the towns feeling the pinch. But as the above quoted article points out, they've dodged the bullet for now although  The Telluride Daily Planet  reported last week that the resort will be raising the price of its daily lift tickets to $92 this season.

$92.00! For a day of skiing. Holy Mother of all that's Holy! And that doesn't even cover lunch at the lodge, a little apre' ski vino, breakfast, dinner, a place to sleep, airfare to get there - not to mention skis, boots, gloves, goggles, poles, fuzzy hat, latest trendy outfit, etc. That's just $92 to stand in line for 4 hours, ride lifts for another 2 hours and if you're lucky, get in an hours worth of quality board time. But that's not my point. 

Here's my point - who is traveling to Colorado (or anywhere for that matter) to pay these kind of prices for a day in the snow? 

Is it poor people? Ahhhhh, NO. 

Is it middle income working class people? Ahhhhh, not many. 

Is it rich people?* Yes indeedy it is, or at least it was. 

Sorry, what was that? Rich people? Rich people are feeling the effects of the ecomony? Rich people are concerned about the impact of Obama reducing capitol gains? Rich people are worried their investments are declining in value, home values are in the tank and stocks are in the swirly? 

It would appear so. 

So the rich are feeling the pinch and they're cutting back on that mid-winter ski trip to Colorado. 

Does that mean the rich are hurting? No, it just means they're watching where their discretionary income is spent and that doesn't include a trip to Steamboat this year. Or instead of going twice, they're only going once - whatever.

So who's getting hurt. 

Rich people? Naw, they're just cutting back, remember. 

Poor people and working class people? Ah, there's the rub. 

They're the ones getting laid off because the rich people aren't showing up in adequate numbers to support their jobs.  So now they'll go on unemployment (to share that wealth) and access the social services of Copper Mountain. Maybe they'll even lose their homes to foreclosure. Of course with visitors down, revenues are down, hotel guest taxes are down & meal receipts are down so there's less taxes coming in to the city coffers - yet they are faced with growing unemployment. Bad luck for the cities too I guess.  

WHY? Because the rich are getting pinched but the poor suffer for it. And Obama wants to pinch the rich even more. Yeah, that makes sense now. I can see how that would bail us out. I'm sure glad 52% of the electorate is mathematically challenged. Probably a lot of the working class people making ends meet working the ski lifts voted for Obama. As Bill Engvahl might say - Here's yer sign. 

Well, that's just my opinion. I could be wrong.  

* For the purposes of future revenue enhancement strategies central to Democratic Principles (I.E. taxes), Rich People are defined as those making in excess of $250,000, $200,000, $150,000, $72,500, $48,200 - ah hell, if you gotta job, you're rich. Send in your paycheck, sucka.

Remember, Don't wait to buy real estate - Buy real estate and wait.
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' Obamanomics to the rescue? Ski Areas Say NYET!'
THE OPINIONS IN THIS COMMENTARY ARE STRICTLY GENE WUNDERLICH's PERSONAL OPINION. WHILE ANY REASONABLE &/or RATIONAL PERSON SHOULD AGREE, THESE VIEWS MAY NOT REFLECT THOSE OF ACTIVERAIN, COLDWELL BANKER RESIDENTIAL BROKERAGE OR ANY  LOCAL, STATE OR MENTAL INSTITUTION.
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Topic:
ActiveRain Community
Location:
Colorado
Groups:
Blatant Politics
Colorful Colorado
Silent Majority
The Lounge at Active Rain
The Optimist
Tags:
economy
obama
obamanomics
ski areas
telluride
steamboat
copper mountain

Comments 16 New Comment

Rainer
73,665
Sabrina Kelley
Pikes Peak Region Realtor, Teller, Park and El Paso County Colorado
ERA The Herman Group

Check out the latest media results for Obama holding off on placing some constraints on the upper echelon's income.

November 24, 2008 01:35 AM
Rainmaker
224,999
Gene Wunderlich
Realtor & Legislative Liaison
1st Action Real Estate

It apparently sounded better on the campaign trail than it does in real life - as most of us already know. Well, it's not the first change in his platform and, by all impression, it will be far from the last. Change indeed. Wait till he gets the whole Clinton clan in there. Then we'll see what gets changed. In the meanwhile - I know Telluride is opening tomorrow right on schedule. I hope the rest of your ski areas have a terrific season and that there's enough 'rich' folks left to keep the rest of us in jobs.

November 26, 2008 07:55 PM
Rainmaker
86,892
Israel Barden
RE/MAX Big Bear Village

Our ski areas still are not open. The weather has not been condusive to snow making. It was an economic disaster for our town. Thanksgiving weekend is usually one of the busiest weekend's of the year up here. No snow = no tourists = no money for the town.

December 02, 2008 12:00 PM
Rainer
100,660
Cheri Smith
Realtor Prudential Gary Greene
Prudential Gary Greene, Cypress TX

Well, I hope things get better. You are right about the rich keeping the poor in jobs. What I thought was funny though was that they said on the news that the polls said there wouldn't be many travelers this Thanksgiving on the roads even though gas prices were down. Well, hate to burst their bubble but the roads between Houston and Shreveport were more backed up than any year I have ever seen them!! We waited 20 minutes to get on the freeway. It was 1/10th of a mile! We put the GPS on detour and went around finally. I've never seen traffic so bad in some of these areas. No one travelling....right! The media is a joke. They need to get their heads out of their rear ends and wake up to reality. I hope OBama can do the same, cause if he follows through on his original plan he will sink this ship.

December 02, 2008 01:05 PM
Rainmaker
224,999
Gene Wunderlich
Realtor & Legislative Liaison
1st Action Real Estate

I know last year Telluride couldn't open on Thanksgiving either due to lack of snow and not even cold enough to make it. However, they managed to open a week later and went on to have one of the highest snowfall winters they've had in 2 decades. Here's hoping it gets cold and starts snowing for you soon Israel. Winters like this tend to put a lot of shoestring marginal businesses out of biz and that's bad for everybody.

December 02, 2008 01:05 PM
Rainmaker
224,999

Gene Wunderlich

Realtor & Legislative Liaison
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