“I understand that America is a mess right now. Unemployment and the economy are in a dismal state. It is my number one priority to solve these problems and fix the economy. But people, don’t spend money! Save it! Stuff it under your mattress! Keep it away from the greedy banks and don’t spend it on frivolous things! Hoard your money because you’re going to need it!”

Obviously, saying something like that would be terrible for the economy and is the exact opposite of what the country needs. It’s also a loose paraphrase of the words of President Barack Obama. Throughout his year in the White House and even before, Obama has made it clear that he’s not a fan of capitalism, taking every opportunity to portray businesses as greedy, people as being in need of handouts, and the government being responsible for taking care of the people. That would be fine, except that he is the president of a country that has a Representative Republic system of government and a capitalist form of economy. His attitudes are not only counterproductive, but also downright dangerous for both.

The most recent of many examples of this is Obama’s criticism of Las Vegas and people who visit the city. Obama recently said that people saving money for college shouldn’t waste their money on gambling in Vegas. Last February, he made a similar remark about companies that received TARP funds, saying that it was irresponsible for them to take trips to the Sin City.

It’s no surprise that an anti-capitalist wouldn’t realize that trips to conferences and junkets in places like Las Vegas are an important part of the process of obtaining and retaining clients. But at least in that case he was criticizing the spending of money by companies that had received money from taxpayers. In his recent comments, he criticized private citizens for spending their own money.

Lawmakers and businessmen in Vegas are understandably furious and many have vowed to support whoever runs against Obama in 2012. They recognize that his comments and policies are bad for Las Vegas, the state of Nevada, and the country as a whole.

While the entire country has a dismal unemployment rate of 10% — you know, the catastrophic number that Obama said we would reach if he didn’t get to pass his “stimulus” bill – Nevada is even worse, at 13%. You should also note that both are conservative estimates that don’t count people with part-time jobs, those who have given up looking for work, and those who work on a temporary project. And with unemployment that bad and Nevada’s tourism industry struggling, the President of the United States, the most powerful man in the country (with the exception of George Soros and Al Gore), is telling people not to visit Las Vegas and not to spend money in their casinos, which just so happens to be the biggest industry they have in the state. Real responsible, Mr. President.

People of the United States and the rest of the world, spend your money as you see fit. You should of course be responsible, but if you have the disposable income to take a vacation, I can think of no place better than Vegas. Of course, as I’ve said countless times, you should never wager money that you can’t afford to lose, but if you can afford to lose it, Las Vegas would be happy to have it.

Professional athletes are rich and spoiled. If there’s one thing they like more than making a ton of money, it’s flaunting that money. That can include buying a new stretch Hummer limo made entirely of 24-karat gold, residing in a house that rivals Charles Foster Kane’s Xanadu, or just going around in strip clubs throwing $100 bills at people. Oftentimes it also includes gambling.

The Gilbert Arenas story has once again linked gambling with professional athletes. Many teams, in response, have banned their players from gambling. Instead, it seems like they shouldn’t hire athletes that they can’t trust to play a friendly game and not end up pointing guns at each other (if that even happened). The reports of what happened keep changing, with the most recent version I heard being that it was all a misunderstanding and that they were joking around about shooting each other over a gambling debt. Maybe teams shouldn’t hire athletes who don’t know that you shouldn’t joke about gun violence while wielding loaded guns. Just thinking out loud here…

There are people out there that are going to blame the situation, which resulted in the indefinite suspension of the superstar guard, on gambling. They will say that if you don’t let the players gamble, these things won’t happen. These are the same people who think whenever someone is shot and killed it is the fault of the gun instead of the shooter. Both arguments have the same problem (well, then anti-gun argument has a lot of problems): It ignores individual responsibility.

We at Gambling Review have always said that people need to gamble responsibly. That means to never bet money you can’t afford to lose, never bet money that would lead to you owing someone, always pay off your bets (to avoid gambling debt), and treat it like a fun game. If you’re not having fun, to the point where you feel like bringing guns into the mix, then you shouldn’t be doing it. Banning athletes from gambling won’t keep them out of trouble, unless you also ban them from drinking, driving, going to strip clubs, going to dance clubs, bachelor parties, and whatever else they like to do for fun.

The point is this: Professional athletes need to be responsible, just like everybody else. Some say they are wrong to throw their money away by gambling it rather than donating it to a charity. Maybe. If so, though, isn’t spending money on anything nonessential irresponsible? Is it irresponsible to buy a big high-definition TV? You don’t need TV at all and even if you want to watch television, there are cheaper sets out there. What about a new car? There are plenty of clunkers out there that you could buy for less (except those destroyed by the government). Why waste money on a house when there are plenty of cheap trailers out there? Why go to Disney World when you can have fun skipping stones across a pond?

Yes, I know that there is a line out there where wasting money is wrong. Why should Michael Jordan bet $1 million on a golf hole while impoverished children in the Chicago slums can’t afford to wear his Nike sneakers? Be that as it may, a person has a right to use their money as they choose. If you want to satisfy both urges, the urge to gamble and the urge to help people, there are lots of charity gambling tournaments out there. I think hitting those is a great idea for millionaire athletes with plenty of money to spend.