Saturday, February 18, 2006

The Protection Racket

From Newsfactor (my bolds):
Legislation focused on cracking down on the thriving business of online gambling was introduced in Congress this week to tighten existing laws that outlaw the practice in the U.S.

The Internet Gambling Prohibition Act, sponsored by Reps. Bob Goodlatte (R-VA) and Rick Boucher (D-VA), would update the U.S. Wire Act, which prohibits gambling over telephone wires, to cover use of the Internet to operate a gambling business.

The bill not only forbids a gambling business from accepting payments made by credit cards and electronic transfers, but also includes an enforcement mechanism to address gambling operations, located offshore, that use bank accounts in the U.S.

"For too long our children have been placed in harm's way as online gambling has been permitted to flourish into a $12 billion industry," Goodlatte said in a statement.
Protection is popular these days. Republican-controlled Washington wants to protect you (and the children!) from evildoers and from yourself. Feeling safe yet?

179 Comments:

Anonymous Anonymous said...

I can only imagine Bill Bennett making the talking-head circuit in support of this legislation.

Oh, and Giuliani supporting the 'defense of marriage act'.

2/18/2006 5:04 AM  
Blogger semper fubar said...

Gambling? There's gotta be some Abramoff money in there somewhere!

Sad sign of (my) times: Whenever I hear about new legislation being introduced, my first thought is "I wonder what lobbying group paid them to write THAT piece of garbage?"

(Oh. My bad. Lobbyists don't pay to have legislation written anymore. They write it themselves, and pay the congresscritters to vote for it.)

2/18/2006 7:58 AM  
Blogger maeldon said...

Wait 'till they tax it.

2/18/2006 9:43 AM  
Blogger maeldon said...

Wait 'till they tax it.

2/18/2006 9:43 AM  
Anonymous Anonymous said...

"Goodlatte"? You can't make this up!! Great name for a neer do well Republican goody two shoes (or is it two faces?). They can't eliminate gambling so they might as well make it legal and tax it. It's about moolah anyway, isn't it? If you're currently set up at Paradise Poker, Sportsbook etc. with a decent wad, and don't crap out, you won't need a credit card nor be hostage to US banking. But the absence of new players (fish) will hurt the industry, for a while. Yet loopholes and new routing will be surely created.

2/18/2006 3:19 PM  
Blogger LaPopessa said...

Oh well, at least it's a change from their efforts to protect us from a man letting his wife die instead of keeping her alive in a vegatative state. Or protecting us from those hundreds of lobbyists who don't have enough money to bribe a congressman.

2/18/2006 4:35 PM  
Anonymous jay said...

Sorry, TCR, I don't understand your emphasis / bolds in this case. Looks like it's a bipartisan thing - 'sponsored by Reps. Bob Goodlatte (R-VA) and Rick Boucher (D-VA)' .

However, my personal stand on gambling in general isn't too positive. It can easily become a friggin' addiction.

And everytime I see epecially lower-income people shelling out lots of $$ for scratch-off tickets and the like, I can't help but think to myself that they are happily paying what I call a

stupidity tax


Well, but chances are (even if there are negligible), and 'honest work' doesn't get you far anymore these days...

2/18/2006 6:27 PM  
Anonymous Anonymous said...

What I've read about Republicans is that they are nurtures; they believe they know better, deserve more, and need to control you, as in parent-child relationship. So first you have the cronism and corruption, and on top of that feel good legislation to exempt people from taking personal responsibility for their own decisions.

Politicians are against gambling, unless they themselves partake (isn't Bennett a gambler), or they can use the tax revenue to pay for wasteful government. It is odd to crack down on online gambling, which is a form of free trade, when lotteries and gambling itself is on the rise in so many communities. Maybe that's it, they just want to control it, so they can use it to give favors to their cronies.

2/18/2006 8:55 PM  
Anonymous Anonymous said...

"For too long our children have been placed in harm's way..."

According to Oprah, online child porn is a MUCH bigger danager for our kids!!! And the guest, when he came forward, thought the Feds would quickly come blazing in to help, but it was almost the opposite.

Why do we have such a time protecting our kids from the worse of the worse. At least online gambling they'd be using their brains, and not destroying their health and character. 60 Minutes did a piece on the cyber athlete. No kidding. Look at the snowboarding sports in the Olympics now. The X-Games. Next it will be cyber games.

So if I had to prioritize, online gambling would be a far second to porn.

2/19/2006 2:17 PM  
Anonymous Anonymous said...

Much like Meletus, when politicians start talking about "protecting the youth", put one hand on your wallet and make a fist with the other, as they're out for something else of yours.

2/19/2006 4:05 PM  
Anonymous Anonymous said...

I thought it was interesting that subsidiary of Cantor Fitzgerald is getting into the mobile gambling; the same technology they use for bond-trading works for casino gambling. This intended to compete against Indian gambling (always thought was just revenge/reward for what we did to the Indians), resorts and Internet gambling. I'm thinking any laws against Internet gambling is being funded and moved by the gamers in Las Vegas.

2/19/2006 6:36 PM  
Anonymous Anonymous said...

anyone who gambles against a program written by the house is a stupid fucking moron.

2/19/2006 6:44 PM  
Anonymous Anonymous said...

Yes'm Democrats are called the bleeding hearts (doesn't make it so though), but it appears that Republicans are actually worse at proposing bills to "protect" us from ourselves. Just wait, the fanatical fundies have just begun.

I've been reading John Bogles book, "The Battle for the Soul of Capitalism", and I've been involved in my fair share of investment clubs and instructional organizations. One of the tools I seen created was a stock market game; to me, a game implies lottery, "a chance", "speculation". Government monies go into teaching our kids not to manage money, avoid credit card debt, make sensible choices, understand morgages and such, but to play the stock market as a means of "investment". It seems to me, that if we are counting on the stock market to fund our retirement pensions and cure our money woes, it is more than a game. I think part of being a cunning realist is being consistant (i.e., how can you be for the war on drugs but think alcohol is okay). If you are against gambling, then on the other hand you should also encourage sensible investing and creating and environment on Wall Street conducive to sensible long-term investing rather than short-term speculation.

2/21/2006 1:45 PM  
Anonymous Dave said...

One of my favorite Doonsbury strips involved a discussion (I think between Zonker and Mike) of a Regan-era program to reduce teen pregancies by doing something like banning contraceptive sales to teenager so they wouldn't have sex (I don't recall the exact program).

The exchange in the last panel was
"I thought the Republicans wanted to get government off our backs."
"Apparently, that wasn't quite the problem."

Still cracks me up, and still true....

2/21/2006 1:46 PM  
Anonymous Anonymous said...

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2/23/2006 2:29 AM  
Anonymous Anonymous said...

Hello ##name##, Las Vegas is still called sin city for its multiple reasonslas vegasWe continue to look for things for our kids to do. Sometimes we are happy with Circus Circus and sometimes we can walk the strip during the day. let us know your thoughts on good family entertainment in vegas.

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