College football and the economy

Alabama is planning an $80 million expansion to Bryant-Denny Stadium to be financed with a bond offering at some point in the future. Planning for the expansion is taking place during one of the most severe economic downturns since 1981 (depending on how unemployment fairs in the coming quarters, perhaps since the Great Depression.) I’ve found a few items on college football and the general economy and you can view them in this post.

First, here is an AP story, College sports try to fend off blitz from economy, which covers the expected problems facing college athletic programs. In this story you can read about Georgia, Oklahoma State’s T. Boone Pickens and more. One question the AP examines is can we call college football discretionary spending when it is such a way of life in places like the SEC. Here’s the entire AP story written by Paul Newberry:

Reconsider Bill Clinton
I know people don’t like politics and this isn’t really so much about politics, but the economy. I’ll confess I’m not a Democrat. Big shock for regular readers. However, I saw a very interesting interview with one of my favorite economists—Arthur Laffer—and it made me begin to reconsider my view of Bill Clinton. In these two videos he talks about voting for Clinton twice and how Clinton could be viewed as a great supply-side president. Also, Laffer explained his curve is not about greed, but about having an incentive to work.

Laffer talks about the problems created by the soaring national debt and the threat of higher taxes to fuel increased government spending. Laffer predicts serious problems if Obama follows that agenda, but he says Obama could become a great president if he becomes more like Bill Clinton. Here’s this video:

That’s all about the economy today. I promise.