While the recent remarks made by President Obama about company executives being wasteful with government money by booking trips to Las Vegas on tax payers’ dime have produced a certain amount of anger and frustration on the part of Las Vegas casino owners like Sheldon Adelson, it seems that the comment was a bit misunderstood. Nonetheless, it seems that Adelson and others are now worried that comments like this could adversely affect the economy of the city of Las Vegas and the entire state of Nevada.

As online casinos seem to be gliding with ease through these challenging financial times, many land-based casinos, especially along the strip in Sin City, have been hit hard by the lack of disposable income that many Americans are experiencing these days. That lack of extra income means fewer indulgent trips to places like Las Vegas. It makes more sense, it seems, to simply stay at home and play some games at online casinos. Las Vegas has traditionally been one of the top business convention locations in the entire United States and some of the casino resorts make the majority of their revenue by hosting such events.

In the comment of President Obama, he was not trying to imply that the conventions in Las Vegas be put to a stop, he was rather trying to warn company officials who have been playing the system for years that the stimulus money that they might be receiving would not be meant to cover expenses for their luxury trips inside or outside of the country. It was not meant to be any sort of dig directly against Las Vegas casinos.

Over the past 8 years of the Bush administration, in addition to the staggering effects from the war in Iraq and the sorry state of our national economy and the financial atmosphere worldwide, President-elect Barack Obama and the people he appoints to key positions within his cabinet will definitely have their work cut out for them. The damage caused by the misguided and sometimes insane choices of the Bush administration have left a huge mess in almost every sector of government. With the loss of freedom and basic rights through the passing of things like the Patriot Act, United States citizens are eager to see things get turned around in the White House.
To address all of the frightful developments that have occurred over the past eight years, Obama’s team is working on its agenda. One issue that will eventually get addressed is the UIGEA. With so much opposition to the UIGEA, coming not only from industry insiders but also from financial leaders and other officials from within the Treasury and the Federal Reserve, surely the necessary changes will ultimately be made after Obama takes office. Since its beginnings, the UIGEA has received much criticism for being vague, confusing and ultimately unenforceable. Additionally, it has been labeled as a potential danger to the American banking system.

Many proponents of the UIGEA are pushing to get the last-minute details in order so that the regulations can be published and put into place before the end of the Bush term. Obama has made it very clear that he wants the Internet to be open and accessible for everyone. And he wants it free from censorship. The inevitable way to go in that vein of thinking is to get the UIGEA rules repealed.

With so many people intensely opposed to the unreasonable details of the UIGEA, especially the players and the online casino operators who have the most at stake, there many be light ahead at the end of the tunnel in the near future. Although the Treasury Department is blinding following through with the illogical orders coming from the White House in regard to finalizing the last details for the regulations in order to enact the law, ultimately, these changes will not go into effect any time soon. Go ahead and take a minute to heave a big sigh of relief and take heart in that news.

The team of President-elect Brack Obama has been diligently preparing a long and detailed list of all of the policies and regulations that the Bush adminstration is doing its darndest to put into place in the last few brief months of its term. Their intentions are to work rapidly to reverse any of the regulations that get pushed through in these final days if they are deemed to be “overtly political”. If Obama’s people decide that any of these hastily compiled bits of legislation are not above board, they will be withdrawn promptly.

They are being incredibly thorough in their searching. The list already has more than 200 issues to address, including several very crucial items like stem-cell research and climate change. While some items my take precedent over other items, especially with the economy still facing some of its bleakest hours, the UIGEA will definitely warrant addressing at some point in time.