Get exclusive CAP network offers from top brands

View CAP Offers

Reply To: Not good!

[bsa_pro_ad_space id=2]
#693228
Anonymous
Inactive

Granted that this is NOT good news. However, I read another article:

http://news.yahoo.com/s/nm/20060525/ts_nm/leisure_gambling_congress_dc

that clearly stats that it may not even make it to the House or Senate floor this year, due to too few days left in Congress’ schedule.

Also, the Senate is said to be a body that has the strength to vote this down; whereas, the House may not be able to.

Now that this hurdle has passed, look for the lobbyists to come out full force, specifically:

(1) The Banking industry – they don’t want to lose CC business, and there
are major investment banking firms that have money invested in
overseas, legal gambling establishments.

(2) The legalized casino industry (they will use this as a push for legalization,
so that they can get an entre into the on-line arena)

(3) ISP’s – if they are mandated to block “gambling” sites from access, what
is next ???????????

Clearly, it doesn’t help that Bush got his right-wing, religious right guys into the Supreme Court. If it ever comes down to Supreme Court ruling, we could have some trouble.

Overall, a minor bump in the road. Lots of stuff that gets out of these House Committees, never sees the light of day, when put up for a vote. This is a hot topic, so it does gets on the news.