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December 15, 2008
Now Lining Up for Bailouts? The Ski Industry
Remember when I argued that the bailout could be contained and would not necessarily lead to socialism or corporatism?
Yeah. Not so much.
“A lot of people in the industry are very concerned about climate change and something will actually be done about it in this Congress,” Link said. “That’s the big one.”
Economic relief ranks up there too. Already the signs of tough economic times are hitting the ski industry, with declining early bookings. Severe drops in retail spending could translate into dips in vacations. And the ski industry needs vacationers.
“I see the No. 1 benefit of this election as one-party control,” said Vail Resorts chief executive Rob Katz. “We can take actions that get people feeling more confident and stable in the economy.”
Awesome.