ยป Hamilton Coyotes News Roundup
The Post reports that my intuition about Reinsdorf’s offer for the Coyotes was dead-on. His offer was $130 million as opposed to Balsillie’s $200 million-plus.
The NHL also released a better talking point about its position: What Moyes sold is the right to relocate the team, which he doesn’t own.
After discussing the situation with hockey fans, I agree that the structure of the NHL itself is what’s in play. Moving the Coyotes East unbalances the divisions. But then: I’m in favor of Western teams getting bye weeks.
Hamilton voted to lease Copps Coliseum to Balsillie, and he pledged to renovate it with government support, which Horwath wants too. I saw an interview with her on TVO — She claims to be an unabashed socialist critical of The Third Way, but apparently is also pro-business.
But now I’m holding a politician to a standard other than political expedience: My bad.
In the same show I watched some Marxist academic, who also thought Horwath wasn’t a big enough lefty, claim that what government needed was a more entrepreneurs willing to work for public sector salaries. Typical socialist: Trying to guilt dynamic, creative people into accepting less of the pie than they deserve to drag the masses kicking and screaming into a brave new world.
Peddle that slave morality elsewhere. I’d rather feed my family by charging full market rate. The government already takes its cut in the form of progressive taxation. Expecting talented people to willingly forgo compensation on top of that is just naked greed, and short-sighted from a tax base perspective.
I do like his point about nationalizing the banks, but really: Just join (or start) a credit union. More competition won’t hurt the situation.
But back to the business of hockey. The haters are saying that spending on professional sports is the last thing the government should do during a recession. Apparently they believe that shrinking business investment is an appropriate response to an economic slowdown — evidently they have no background in economics and so should STFU. Renovating a stadium creates employment, which creates spending, which creates employment.


