Chicago has lost its bid to be host city for the 2016 Summer Olympics. That’s a good thing, as I explained in June on WLS Radio. It has nothing to do with the typical overreaction by the Obama-haters, and everything to do with economics.

Interesting to see the instant man-on-the-street interviews with disappointed Chicagoans, considering that for the last several months, every poll (and all the calls to my show whenever I brought it up) indicated that the public didn’t want the games in the first place.