Martha's Vineyard Feels Obama Effect: The Ticker
Courtesy of Bloomberg By Caroline Baum - Aug 22, 2011
What happens when the president of the United States descends on an island in the height of the summer tourist season? Crowds, gawkers, gridlock, fund raisers. But there's also a bit of economic stimulus.
It's hard to tease out the amount of revenue President Barack Obama's third visit to Martha's Vineyard will bring to the island -- Obama's vacation coincides with such August highlights as the county fair, the fireworks and illumination night in Oak Bluffs. Some store and restaurant owners claim to be so busy this time of year they don't notice any impact. Still, the Chamber of Commerce expects the visit to be a net positive.Read more