Friday, December 05, 2014

Friday Hound Blogging

We're coming to you today from the This Will Not End Well Department here in the marbled halls of IM Central. The TWNEWD is a division of the I've Got A Bad Feeling About This Corporation, a wholly owned subsidy of This Can't Be Good, LLC.

It seems the West Virginia version of the Dunning-Kruger experiment has noticed that all the money they've been funneling to the overlords in the last few years has yet to come back to them. Who could have predicted? Anyway, like good bureaucrats everywhere they have decided to do something about the situation by initiating a study. Hooray for procrastination!
A contract could be awarded this week for a study to determine the fiscal impact of state subsidies for greyhound racing — and the potential costs and benefits of eliminating those subsidies.
 Uh oh. The Legislature has put a contract out on the overlords. HaHaHaHa! A contract and a "contract." Play on words there. Get it? You people really shouldn't read this blog until you've had your coffee.
State Lottery Director John Musgrave said “We were asked by the two present Finance chairs, through the Department of Revenue, to do a study to assess dog racing, and make a determination to see if decoupling is viable”  West Virginia is one of several states that require racetrack casinos to also offer live thoroughbred or greyhound racing. With “decoupling,” the casinos are no longer obligated to offer live racing, or use casino revenues to subsidize racing purses.
Well, it depends on what you mean by "viable" there Mr. Musgrave sir. If you mean cutting loose the cash sucking overlord albatross from around the necks of the casinos and the state then sure, it's viable. If you mean subsidizing the overlords' reluctance to get jobs, then not so much.
“It seems like greyhound racing is on a path of destruction,” Sen. Roman Prezioso said. “They’re losing money, and we’d like a study to see how much money they’re losing and what they can do about it.” Prezioso said that in tough budget times, it’s difficult for the state to keep directing millions of dollars a year to what appears to be a failing industry. “We’re supporting that industry, and it just doesn’t seem right,” he said. “We can’t keep subsidizing an industry that’s failing.”
Here's a little financial tip for you Senator Prezioso: If an industry is losing money they don't "appear" to be a failing industry, they are a failing industry. See, because the whole idea of being in business is to make money. Hope this was helpful.
In September, Sam Burdette, president of the West Virginia Greyhound Owners and Breeders Association, told a legislative interim committee that, between the reduced purse fund subsidies and an ongoing decline in wagering on live races, the greyhound industry in the state is struggling to survive. He said at the time that only about three of the 17 kennels racing at the Mardi Gras Casino and Racetrack in Nitro were making a profit, citing weekly revenue reports from the racetrack.
"And the only reason those three are showing any profit at all is because the trainers make the kennel help sell plasma down at the Red Cross," Burdette added. Geez, Mr. Burdette, that's a bit extreme don't you think? What about bake sales, or  auctions? On second thought, to have an auction you'd need to have something people want to auction off and since most people don't want to have anything at all to do with the heartless exploitation of innocent living creatures for (no) profit, it might be hard to attract bidders. Plasma might be the way to go after all. What do you think Frank?

I am a head-strong boy but I am easily re-directed if I need to be corrected for something. Nothing upsets me. I love to cuddle. I am friendly. I love to be around people. I have met all kinds of new people and love them all. I enjoy getting kisses on my head. I am housebroken. I can go up and down the stairs. I love to go in the car. I get along with dogs of all sizes and kitties too. For more information about this dog, and other rescued racing greyhounds looking for homes, go here. If you don't know about the plight of racing greyhounds go here and here

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