Dave's Free Press

Olympic costs: the excuses

There are apparently not going to be any more hand-outs of public money for the 2012 Olympics. Well, none from central government anyway. Who knows how much Londoners will be forced to pay through our local taxes?

But that's not what I wanted to write about. The interesting bit is what the new mayor said:

"This was a project, an Olympic Games, that was won, secured, commissioned at a time of economic plenty.

"We're being asked to deliver it in a credit crunch and with what people say is a recession looming. The International Olympic Committee understands that."

Boris ain't exactly the sharpest tool in the box, but he seems to be saying that the budget has increased because it's now harder to secure credit (that is, interbank loans and large commercial loans cost maybe 2% more per year). So that 2% a year equates to 5.325 billion pounds. Or an extra 133%. Even if they were counting on borrowing every single penny of the original 4 billion, there's no way in hell that an extra 2% a year would cost 5.325 billion quid. For that to be the case it would have to be a roughly fifteen year loan. No-one in their right mind would give such a loan to a company that will spend money for five years like it's going out of fashion, then really coin it for a year, and then never have any income ever again. At most the loan would be for six years. So if the "credit crunch" is to blame, then the crunch would have to have put interest rates up by 5%. Which it hasn't.

So, Mr. Johnson, where has the 133% cost increase really come from? Were the original bidders innumerate? Or did they simply lie? Those are the only two possibilities. Yes, I can understand some cost over-runs. But that much simply can't happen accidentally.

And the bit about security costs maybe rising? they've already gone up five-fold.

Thankyou very fucking much Seb Coe you midget Tory CUNT.

The Olympics: now available in Welsh!

The 2012 Olympics, which are to be held in the east end of London, in England, and which are already billions of pounds over budget, will now have to be bi-lingual in English and in a little-known language spoken by just 750,000 people. Of those 750,000, a mere 50,000 live in London (making up just 0.6% of the population), and of those 50,000, there can't be more than 10 who aren't also fluent in English.

Naturally, the extra costs incurred in hiring people fluent in Welsh for no other reason than that they are fluent in Welsh, and in translating printed and electronic materials, will not be covered by the Welsh Language Board.

Thankyou very fucking much Rhodri Glyn Thomas you sheep-shagging nationalist CUNT.

Olympic security costs

Gotta love the Olympics. In the three years since the 2005 bid, the cost of security alone has risen five-fold. That's in just three years. That's a 70% increase per year. That's Weimar levels of inflation, that I have to pay for.

Thankyou very fucking much Seb Coe you midget Tory CUNT.

And the end result will be for the Met to hook in to every CCTV camera in London, of which we have far too many already. Thankyou very fucking much again Seb Coe you midget Tory CUNT. You know, I thought the Conservatives were against wasting public money on Big Government projects. Fucking hypocrites.

Crappy olympic logo

Continuing his plan to waste as much of my money as possible on his unwanted Olympic Games, Mr. Coe has now blown £400,000 of other peoples' money on this crappy logo. I can't make up my mind whether it looks more like the sort of unreadable graffiti "tags" that cretins spray on trains or whether it looks more like Lisa Simpson giving someone a blow job. Either way, it's money well wasted.

Thankyou very fucking much Seb Coe you midget Tory CUNT.

This alternate version that a reader submitted to the BBC news website is much better!

Olympic bribery

Apparently, vendors of services needed by the 2012 Olympic games organisers will only be considered if they pay to be "major sponsors" of the games. Derek Wyatt MP let slip that "because neither of these companies was a 'major sponsor' of the Olympics their technology could not be used".

If this were anything other than the Olympics, that "sponsorship" would be spelt B-R-I-B-E-R-Y.

This comes shortly after the UK government decided to stop investigating alleged bribes paid by British Aerospace to the Saudi government. It's nice to know that corruption is taken seriously in this wonderful country.

Thankyou very fucking much Seb Coe you midget Tory CUNT.

(story via the most excellent Bruce Schneieieier)

One billion a day

That's what the Olympics are going to cost now. And that's a billion pounds a day, not a billion of the shiny but worthless baubles that other countries use. Thankyou very fucking much Seb Coe you midget Tory CUNT.

Olympic Job Losses

Gotta love the Olympics. Not only is it already over budget, not only will Londoners have to suffer even more unwanted tourists, but now we find that poor people are going to lose their jobs because of it.

Thankyou very fucking much Seb Coe you midget Tory CUNT.

More Olympic cost over-runs

Quelle surprise, the Olympics is going to cost Londoners even more money. Thankyou very fucking much Seb Coe you midget Tory CUNT.