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Economist: NATO/G8 Summits Could Be A Disaster

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CHICAGO, IL - OCTOBER 26:  Protesters with Occupy Chicago march from the financial district to City Hall October 26, 2011 in Chicago, Illinois. At City Hall, the protesters chanted as they marched through the building and up to the mayor's fifth floor office where they demanded the mayor drop charges against some 300 protesters arrested for trying to occupy Grant Park over the past two weeks and ease restrictions on protests being scheduled for the G8/NATO summits which will take place in the city in May 2012.  (Photo by Scott Olson/Getty Images)

CHICAGO, IL – OCTOBER 26: Protesters with Occupy Chicago march from the financial district to City Hall October 26, 2011 in Chicago, Illinois. At City Hall, the protesters chanted as they marched through the building and up to the mayor’s fifth floor office where they demanded the mayor drop charges against some 300 protesters arrested for trying to occupy Grant Park over the past two weeks and ease restrictions on protests being scheduled for the G8/NATO summits which will take place in the city in May 2012. (Photo by Scott Olson/Getty Images)

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CHICAGO (CBS) – A University of Chicago economist says Antarctica or Guam would be better places than Chicago for the upcoming G8 and NATO summits, now scheduled for mid-May in the Windy City.

Economist Allen Sanderson often questions large scale government subsidies for sports venues like Soldier Field for the Bears and U.S. Cellular Field for the White Sox. In the case of the NATO and G8 summits, Sanderson says there’s a lot of downside for the city’s reputation and little upside in the way of economic development.

“It’s just a potential disaster,” Sanderson said. “Again, I hope it’s not. I hope things go really well and the city gets a real positive spin from it, but if you were betting in Las Vegas, you’d bet that’s not going to be the outcome.”

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The city says security precautions will cost $65 million, to be picked up by private donors and the federal government.

Sanderson says the summits are expected to attract 7,000 dignitaries and their security forces, as well tens of thousands of demonstrators. He says the timing couldn’t be worse, coming as it does, in the springtime.

“If the events were held in February … in Chicago there would be far fewer protests than (if they) were held in May. I mean, everybody, the Occupy folks will come out of hibernation by then,” Sanderson said.

Sanderson says daily battles between police and demonstrators could give Chicago a serious black eye as did the Democratic National Convention of 1968.

If the summits went off trouble-free, that could indeed burnish Chicago’s reputation, but Sanderson said if he had to put money on it, he’d bet against that happening.

Sanderson says the delegates won’t be doing much for the Chicago economy other than hotels and restaurants for the days they’re here.

But he says violent demonstrations and police reactions could easily outweigh the benefits.

Sanderson recommends the two summits be held somewhere far away, mentioning Kansas, Guam or the Antarctica as possible locations.

“Guam, the Canary Islands, Antarctica; someplace where people could meet in peace,” Sanderson said.

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101 Comments

Jim

I don’t see one damned thing about the NATO/G8 summits that needs to be protested. What is wrong with these whack jobs. Do they even know why they are protesting? What about the good work that NATO does?

January 16, 2012 at 2:17 pm

dena

So you don’t mind having a group of unelected “elites” decide your future? They’ve done such an outstanding job so far! Right?

January 16, 2012 at 4:54 pm

Spanky

Yeah, it makes so much more sense to let a mob dictate how to run things about which they are clueless.

Don’t you have something to occupy?

January 16, 2012 at 5:00 pm

wildbill6996

Are you saying the ELECTED ONES are doing great ????? You’re the only one who can decides your future …

January 17, 2012 at 12:04 am

Midge Martin

“No one ever went broke underestimating the intelligence of the American public.” ~ H. L. Mencken

http://911essentials.com

January 17, 2012 at 5:22 am

PabloKoh

Dena, Don’t sweat the replys. The tax cattle are happy to keep their heads down working until May for the wants of the elected class, yes the same elected class (Congress) with a 9% approval rating. The social contract has failed miserably, but it is all that these commenters have left. Youtube: Stefbot

January 17, 2012 at 7:59 am

Dmoney

If these people hate the G8 so much, why do they vote for people that make the governments that form the G8 stronger?

It makes as much sense as a Democrat Anarchist.

January 17, 2012 at 10:47 am

DJ

Called lack of direction, People like to know they are working towards a goal or something that will better theses countries.
Thats the main idea

http://www.dailyjobcuts.com

January 16, 2012 at 5:01 pm

Afro

ROFLMAO Chicago is to violent for the dignitaries but what about us people who have to deal with shiit on a regular basis

January 16, 2012 at 7:12 pm

NP

Try moving….

January 17, 2012 at 8:14 am

Fred Lowe

The “protest” seems nothing more then a clever ruse for people to riot. Consider this: Rioting has taken place at nearly all G8, G20 and NATO/OTAN summits. Then again Some people actually protest there due to the fact those are the richest/warmongering countries in the world. They want their pieces to the heard.

G8NATO2012.com

January 17, 2012 at 5:43 am

Dan S.

More than once, it has been shown that the riots were actually started by police provacateurs, the real protesters tried to keep things peaceful. This happened in Seattle and in Toronto, where it was filmed and the provacateurs were identified.

January 17, 2012 at 8:28 am

irrationalTHINKER

What is your solution SIR? Because it sounds like you would be for ending protests without seriously considering BOTH sides of the story first. Do you believe this to be a good idea, SIR? WHERE DOES IT STOP, SIR? I believe this to be an emotional knee jerk reaction possibly fed to you by the mainstream media/TALK RADIO, I could be 100% wrong so please do clarify, SIR.

“Those who cannot remember the past are condemned to repeat it” -Santanaya

Support the UNITED STATES CONSTITUTION

January 17, 2012 at 11:44 am

Roert Burns

The first amendment gives the protestors the right to be heard, not the right to riot and leave behind a lot of property damage. And it doesn’t give me the responsibility to listen.

January 17, 2012 at 11:54 am

TJ

and NATO is 75% funded by the USA When does the spending stop?

January 17, 2012 at 7:33 am

PabloKoh

When you stop paying taxes.

January 17, 2012 at 8:45 am

gert

its an election year and the press will not just cary the water for Obama but pour out any fires that might burn his perfect resume.

January 17, 2012 at 7:52 am

Rahm666

For consideration: They all can telleconference. Rahm says ;!st amendment is over rated. Wants permit for signs; disorderly conduct fines raised 2,000%; free speech zones; roof top snipers; etc. Toronto spent 1 billion on g20 security ( Chi. is broke). People don’t like banksters, trouble follows. NATO is a warcrime generating org. ( eg. use of depleted uranium; kill civilians etc.) not welcomed by our ethnic groups. Prescription for disaster.

January 17, 2012 at 2:29 pm

Civilized

I remember reading the same type of articles about Obama’s possible election party being held in Grand park back in 08. People were saying things would turn ugly, blah blah blah, but we all know how that went.

January 16, 2012 at 3:01 pm

Spanky

Say, did the City of Chicago ever get reimbursed for that multimillion dollar expense as promised?

January 16, 2012 at 5:01 pm

Tom Paine

That’s because the vote in 2008 showed us that 47.1% of the country are racists who are violent and extreme and refuse to eat their peas. If you found out 47.1% of your new neighbors were felons you would be worried, too.

January 16, 2012 at 5:56 pm

Afro

Dam straight Tom and if you try to speak the truth you’ll find out they don’t believe in free speech either unless it goes along with their agenda

January 16, 2012 at 7:16 pm

smokehouse56

LOL….You’re still going to loose in November.

January 16, 2012 at 7:51 pm

Connie McMurray

Tom, the criminal element voted for Obma. Everyone knew that. But those people were always there. They weren’t “new neighbors”.

January 17, 2012 at 7:35 am

james g

Well, things sure did turn ugly for the rest of America outside of Chicago. Got any more bright ideas coming from the Chicago intelligentsia?

This was probably what Obama made a deal for after he blew the city’s chances for the Olympics by making a trip to “orate” to the Olympic committee (Remember how they eliminated chicago the very next vote?)

Chicago and the G-whatever deserve each other. May you have a garbage can tossed through every business window. And they can toss a few through the Obama re-elect office windows, too.

Have a nice G8 summit, Chicago.

January 17, 2012 at 2:43 am

CFLC

Chicago Police Department is at it’s all time low as far as manpower.
Another 300 Officers anticipated to retire before May.
No new hires scheduled for 2012 at the moment.
Who is going to protect the neighborhoods of Chicago after they detail out the beat cops from all the districts to Nato/G8???
WHO?

January 16, 2012 at 3:02 pm

Mark Matis

For spitting on their oath of office, NOBODY deserves this more than the Chicago Police Department.

January 16, 2012 at 4:55 pm

jbspry

“Who is going to protect the neighborhoods of Chicago after they detail out the beat cops from all the districts to Nato/G8???
WHO?”
You seem to be basically asking who will protect the neighborhoods from themselves; this pretty much sums up the Chicago experience.

January 17, 2012 at 8:57 am

Civilized

CFLC, I believe cops from other cities will be loaned out to the City of Chicago just like they were loaned out to Seattle, Pittsburg and other cities that have hosted these summits. Also, the Secret Service and FBI will be providing man power. This information is not some tightly held secret, people just need to READ more.

January 16, 2012 at 3:45 pm

loki924

No civilized,You should read more. There is no outside help coming, as the city has declined to indemnify them. With the exception of a few federal protection types for the delegates the police and firemen will stand alone, and your right this isn’t some tightly held secret just information that has been ignored by the media.

January 16, 2012 at 4:18 pm

Civilized

Well loki, from the last report that I READ a couple days ago, there is outside help coming so I do my reading, from a variety of sources, thank you very much. Anyway, I’m pretty confident that the hopeless picture CFLC tried painting isn’t going to be realized.

January 16, 2012 at 4:40 pm

GABlueStarMom

When they had the G8 Summit down in GA, no protesters showed up, no damage done and they did meet in peace…..but then in GA businesses and average citizens have the right to protect themselves and their property via the 2nd Amendment.

January 16, 2012 at 6:41 pm

Pilsenboy

Not 2nd amendments rights, but who in their right mind would voluntarily go to Georgia (assuming they have their front teeth)?

January 17, 2012 at 8:15 am

lloki924

Well civilized since i can’t reply to your comment below mine, i will respond with this. See channel 5 news10ppm on 17 jan. debra kirby the top planner from the police dept states we have no real plans to ask any outside agency for help.The top police planner is my source i suggest you cite yours

January 18, 2012 at 12:37 pm

TJG

Sounds like potential must see TV.

January 16, 2012 at 4:47 pm

Barry Soetoro

The US needs to leave NATO, G8, IMF, World Bank, etc..

January 16, 2012 at 4:57 pm

Spanky

But how else can we prop up anti-American despots or give money to Islamofascists and others who hate America?

January 16, 2012 at 5:02 pm

Hank Amarillo

I was about to say that you forgot the squatters, but then I saw “and others who hate America”

January 16, 2012 at 9:24 pm

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joe

Of course you will have protest when you have unelected pieces of trash deciding how many times a year you can flush your toilet and how much gas and food will cost. These international elitists meet so they can decide how to steal the rest of the wealth and property away from this nation. They have always planned to devalue the dollar so we will beg for a world government solution. It is sickening to watch America give its allegiance to the evil UN.

January 16, 2012 at 5:12 pm

Jo Castiglione

Amen Joe…..from another Jo

January 16, 2012 at 5:51 pm

Crosscut

The US needs to pull out of these anti-America, anti-Christian, anti-White third-world Muslim dominated organizations. Especially the UN. Let them all relocate in Haiti. They will all feel more at home there.

January 16, 2012 at 5:20 pm

ssj12

you do realize the US is a secular nation right…

January 18, 2012 at 1:42 am

SAR2012

The mindless mobs are Chairman Zero’s fellow travelers; it seems only proper they trash barry’s home turf. The city which foisted the likes of the daleys, soetoro, jackson and innumerable other corrupt hypocritical megalomaniacs on productive, patriotic, Americans richly deserves some serious payback. Hope the protesters bring along a descendant of Mrs. O’Leary’s cow to finish the job.

January 16, 2012 at 5:31 pm

Marjorie Caldwell

Get some vigilante groups to police these worthless, mindless protesters. If they get out of line, shoot them.

January 16, 2012 at 5:56 pm

Chad

Yeah !! Hopefully they can shoot some women, too…maybe even children !!! Kill protesters !!! USA USA USA USA !!!

January 17, 2012 at 3:59 pm

Ben Watson

The G8 – part of the New World Order Traveling Theme Park.

Chicago be prepared! Your city will be turned into a full fledged police state during the summit!

All of these Global Economic Summits act as dress rehearsals for when the dollar collapses and we have chaos in the streets.

I seriously suggest all citizens of Chicago do their best to GET OUT of the city during this summit!

http://youtu.be/gp9KL0UVq2k

January 16, 2012 at 6:03 pm

Doug Rose

But Please………….DON’T come to Indiana !!

January 16, 2012 at 7:13 pm

digitus

This should be better than the Dem convention. Don’t miss TV. With all the new communications this should be hilarious. A deserving city with a mayor it deserves. Ha Ha.

January 16, 2012 at 6:25 pm

Willis Forster

Las Vegas was mentioned but not as a location, just about placing a bet. In fact it is nearly ideal for really large conferences. great air connections, lots of high quality rooms, loads of experience at handling large crowds, and they really need the money. The only reason they picked Chicago is because obama was shunned before when he tried to book a big event there.

January 16, 2012 at 6:37 pm

Chris

These G8 Summits traditionally bring out all of the anarchist loons who love to sack and pillage and burn stuff. I appreciate Sanderson’s reservations about holding the event in Chicago, but would just like to say that those of us in the Kansas area don’t want them either, thank you very much, so keep your suggestions to yourself!

January 16, 2012 at 6:55 pm

james g

Nobody wants them. Obama thought he was doing Chicago a favor, much in the same way he thinks he is doing the rest of us a favor by being President.

January 17, 2012 at 2:48 am

CPD 1968 Come Back Special

Just beat them (1968)

January 16, 2012 at 6:56 pm

denver bill

A disaster for the city? Nope …. inanimate objects don’t suffer. A disaster for cops, firefighters, sanitation workers? Nope …. they get overtime. A disaster for the citizenry that has to pick up the tab? You betcha.

January 16, 2012 at 7:06 pm

Afro

Go ahead expose Chicago for what it really is let the world see our shiit hole LMAO

January 16, 2012 at 7:18 pm

par432000

Me thinks Rahm the Godfather isn’t going to tolerate any high jinks!
I see a repeat of Old Man Daley’s 1968 “Shoot to Kill” order.

January 16, 2012 at 8:33 pm

Big Bear

If blood is spilled, there will be retaliation. Expect some member of elite to be assassinated in return, or a scorched earth policy carried out against the places where they like to frequent.

In the meantime, thousands more will abandon the elite and their rigged game. I did years ago and it was the best decision I ever made. If harm befalls some member of the DC gang or the bankster’s circle, it won’t weigh on me.

January 17, 2012 at 2:40 pm

Afro

Why hasn’t CBS Reorted this?

Lawyer for Obama’s uncle questions cop’s driving in drunken driving case

Read more: http://www.foxnews.com/us/2012/01/12/lawyer-for-obamas-uncle-questions-cops-driving-in-drunken-driving-case/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Fus+%28Internal+-+US+Latest+-+Text%29#ixzz1jgMhgHze

January 16, 2012 at 9:53 pm

Confuscious Says

All of you people waiting for martial law to begin, when and where? tune in to this Bat Channel in March. Anybody with any sense beat your feet before it hits.

January 16, 2012 at 9:53 pm

WilliamPenn

Obama’s base will show up and destroy Chicago. Fitting.

January 16, 2012 at 10:10 pm

Alvin Marcott

was that a dig at Kansas?

January 16, 2012 at 11:14 pm

Kevin

Obozo and company want it in Chicago to ensure that civil unrest WILL happen… All part of the plan for the 2012 Dimocrat election campaign…

January 16, 2012 at 11:46 pm

Adam

This will be great imagery for the President… I welcome the G8 and the Obama-bots who will protest them. In Chicago too…? Excellent.

January 16, 2012 at 11:51 pm

Duke Chesnut

Wow, Reliving ’68 convention riots. History repeats itself when schools fail to teach history. Only 2% of American colleges still require Western Civ. 1815, because minorities wanted studies for their racial groups. I was still in school, but remember the press coverage of that week, Police Riot, Hubert Humphrey, Eugene McCarthy, SDS, Rights in Conflict became required reading. Chicago PD WILL have their hands full and Rahm is no Daley, the press is in bed w/#occupy. I can’t believe somebody in city hall thinks this is a good idea.

January 17, 2012 at 12:15 am

mcw1142

I think it would be useful for a liberal city like Chicago to witness for themselves the new world order they so fervently desire.

January 17, 2012 at 12:24 am

hana

Hold up…occupy is entirely distinct from Obama or the Democratic party. Occupy isn’t perfect and Occupy Chicago definitely has issues, but saying stuff about the protesters being Obama’s base is so far off-base I don’t even know where to begin. The G8 and neoliberalism in general have been supported by every US president, democrat or republican.
I’m sure some protesters were Obama ’08 supporters, but they’ll be not only a small fraction of the protesters, but a minuscule portion of his support base.

January 17, 2012 at 1:19 am

JeanSC

Have it in Antarctica or Guam? Why not some place like Keshena, Wisconsin?

January 17, 2012 at 1:23 am

Confuscious Says

Keshena, Wisconsin? Would that be anywhere near Kenosha,Wisconsin?

January 17, 2012 at 1:44 am

mark

A disaster for Chicago? That’s redundant. Have you ever noticed what Chicago is like NOW? it’s one of the most dangerous cities in the nation. Ever check out the community that Obama “organized”? It’s a killing field. But, there are still a “few” nice places left…. but they’re on the way down as organized gangs of ghetto thugs openly attack unarmed (thanks to the democrats) white victims in those nice places. The meeting should be in Detroit. There is nothing left to be destroyed there.

January 17, 2012 at 4:25 am

Jack Kennedy

it will be President Bush’s fault………………..just ask oblamo, he will whine it to you

January 17, 2012 at 4:26 am

D Johnston

The Chicago PD acted more like thugs than cops during the G20 in Pittsburgh

http://www.huffingtonpost.com/2009/10/16/g20-police-kyle-kramer-co_n_323685.html

January 17, 2012 at 6:19 am

CFLC

Act like Thugs when dealing with Thugs D. Johnson.

January 17, 2012 at 8:17 am

Pingback: Economist: NATO/G8 Summits Could Be A Disaster | therightplanet.com

Robin

SECRET WEAPON How Economic Terrorism Brought Down the U.S. Stock Market and Why It Can Happen Again……by Dr. Kevin Freeman. Read it!

January 17, 2012 at 7:33 am

Pingback: City Council Committees To Discuss Taxi Reforms, NATO/G8 Summits « CBS Chicago

jbspry

Pretty sloppy writing…
Nearly every sentence is given its own paragraph; the ideas don’t flow smoothly; the mention of Sanderson’s views on sports facilities is rather off-topic; and “the Antarctica”?

January 17, 2012 at 8:49 am

Justavet

$9200 per delegate for security? $65,000,000? Who or what is behind the stupidity of holding events like this in place like Chicago.? Sorry, I got carried away, yep it is just more political bull where the average person has no input.

January 17, 2012 at 8:59 am

kitman3

Come on Valerie Jarrette abd her cronies will reep the benefits form the meeting.

January 17, 2012 at 9:30 am

Philster

I remember the 1968 riots which the media caled, “protests.” I remember asking my Dad why the police didn’t use machine guns, because that would make it easier to get rid of the rioters. I remember getting in trouble for leaving the hose out, instead of rolling it up. I did that because my Mom was afraid of fire, and the rioters wanted to burn down everybody’s house. When I was a kid, I never went to bed afraid of nuclear war like the left-wingers said children did. However, I did go to bed afraid that the left-wingers would murder me in a fire when they burned my house down.

I also remember in 1969 Mayor Daley ordered the police to shoot to kill. There were no “protests” after that. If you want children to go to bed unafraid, tell the police to shoot to kill.

January 17, 2012 at 9:48 am

Bob A

All businesses could safeguard American prosperity by not hiring business hating Democrats! Boycott union made products especially cars and trucks.

January 17, 2012 at 10:16 am

Jerry Frey

Decide for yourself.

http://napoleonlive.info/economics/the-connected-class-con/

January 17, 2012 at 10:20 am

old flannel

The guy’s right. What’s Chicago going to do with all their thugs while this
is going on? No shootin’ while the G*’s in town?

January 17, 2012 at 10:29 am

sb36695

Could it be any worse than Obama?

January 17, 2012 at 10:54 am

David Axelrod

Chicago = Odumbo = Sh|tho|e

January 17, 2012 at 11:14 am

MrBop

Why don’t they take a cruise ship and hold their meeting at sea. Then they could hire the captain of the one that sunk to run the ship. That would solve a lot of problems.

January 17, 2012 at 11:28 am

WASPy

The violence and squalor that is Chicago should be exposed to the entire world.

People need to see the result of 100% Liberal Progressing government = the poverty, the crime, the ignorance, the hate, the hopelessness that ALWAYS results if you follow the Progressive’s.

January 17, 2012 at 1:21 pm

George Johnson

Other than pressure from obama the lawless to hold it in his “homeietown”, I don’t see ANY reason to hold ANYTHING in thugtown. What a dump! It’s on it’s last legs anyway, what the hell wants to go to thugtown for anything?

January 17, 2012 at 1:53 pm

Ozymandius

I’m all for sending the economists to Antarctica.

January 17, 2012 at 2:00 pm

John C

“the Occupy folks will come out of hibernation by then,” Sanderson said.”

Not to worry, the Occupy protesters have been endorsed and supported by Obama, Harry Reid, and Nancy Peolosi. Surely the protesters wouldn’t do anything to make Obama look bad in an reelection year since they’re his friends.

January 17, 2012 at 2:52 pm

Burticus

Mossad Emmanuel, don’t worry. FedGov will give you millions of FeRNs to buy black body armor so Chicago’s own NWO storm troopers can look menacing as they sonic blast, club and pepper spray the peaceful protesters.

January 17, 2012 at 3:22 pm

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Super16

OK, lets see hear. G8/NATO, Occupy nuts, anarchists, union thugs, and throw in your local Chicago criminal element. Yeah, it’s gonna be on heck of a party.
Can you say “Burn, baby, burn”?

January 17, 2012 at 4:34 pm

SAR2012

I just hope they have a good fire suppression system in the Fields Museum. Wrigley Field would likely survive and the rest of it is already a barren wasteland. Scorched earth, with the corrupt pols, the welfare parasites, the parasitic union thugs, the vast criminal element – all included – should be underwritten by the Super Fund program, because $hitcago is as toxic a dump as any illegal dump in history.

January 17, 2012 at 8:42 pm

aubreyfarmer

Am I still banned from commenting?

January 17, 2012 at 4:53 pm

ChicagObama

Yes, unless you vote for me.

Then you’re ban-free for life…

January 17, 2012 at 5:32 pm

aubreyfarmer

Dignitaries will meet in Chicago in the spring to determine how best to send more jobs overseas, devise the next move for ushering in the New World Order, ask members to devise a plan to eliminate dissent, in particular suggestions on how SOPA can be dressed up to look acceptable without taking away the governments ability to censor any speech they deem undesirable. “When the government fears the people we have liberty. When the people fear the government we have tyranny.” Look like to me that the latter is the prevailing perception today.

January 17, 2012 at 4:59 pm

ChicagObama

Emmanuel fumbling again…

Where’s Blago when you need him?

January 17, 2012 at 5:31 pm

Andrew Petersen

Would a No Sh4T be out of line?

We are short 3000 police from the budgeted 13500. The county wants nothing to do with this and the CCSPO will be elsewhere. State Police are under staffed by attrition as well.

55 million USD from the US Government and the City of Chicago Refuses to hire more than 49 Officers every so often. No Scheduled Police Academy class for 2012 yet…but 150 officers retired this month alone.

January 17, 2012 at 6:35 pm

Nous Defions

Another problem for the city; the Cubs/Whitsox game is May 19-20 at Wrigley field, 5 miles from Daley Plaza, 2 miles from Lincoln Park. Can you see MLB Live broadcast from Wrigley Field with tear gas wafting over the field during the game? Great Idea City Hall.

January 17, 2012 at 6:54 pm

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