Please read Michelle Malkin's latest on the Olympics in Chicago - if you have the stomach for it. Here's a sample:

A majority of Chicagoans who live in pay-for-play-plagued Cook County oppose public funding for the Olympic party. The city has more than a half-billion-dollar deficit – and just received word that its Olympic insurance policy will cover only about $1.1 billion of the $3.8-billion operating budget drawn up by Daley. Cost overruns, fraud, and union-inflated contracts are inevitable. White House spokesman Robert Gibbs defended President Obama’s all-out campaign for Chicago’s 2016 Olympics bid by claiming America will see a “tangible economic benefit.”

But as is always the case with sports corporate welfare disguised as “economic development,” an elite few will benefit far more than others.

Take senior White House adviser and Obama campaign guru David Axelrod. He’s been a Daley loyalist since 1989, when he signed up as a political consultant for the mayor’s first run. Axelrod’s public relations firm, Chicago-based AKPD Message and Media, has pitched in work for the Chicago 2016 committee. It is unknown how much AKPD has received for its services – or how much they’ll make in future income if the bid is successful. AKPD currently owes Axelrod $2 million.

Read the whole thing. I would love to hear even one tiny part of this refuted, but I'm pretty sure it won't be.