Chuck offers rational response to invitation for Federal intervention

[Kasept]

For those who haven't seen it yet, (as linked on Equidaily and Paulick ), Chuck has penned an insightful commentary on the current mania seeking to guarantee racing's demise via Federal intervention and draconian medication rules..

Do not miss it: The blind appealing to the stupid...

Horse racing in America is a wonderfully complex cross between an athletic sport, a gambling venture and an agribusiness. The levels of competition varies wildly from bush tracks running in Louisiana to million dollar babies competing at historic Saratoga. The sport has a rich tradition seen in events like the Kentucky Derby which has been run at Churchill Downs in Louisville, Kentucky for 137 years. The exotic wagers now played at tracks across the country have pools that sometimes reach into the millions of dollars with six figure payoffs. The economic impact of horse racing is estimated by the American Horse Council in terms of GDP to be $10 billion dollars in direct impact and $26 billion in total. In 2005 there were over 380,000 jobs supported by horse racing.

Too bad a few people are willing to throw it all away.