Another bailout for another industry?

The AFL is having some problems. With notice of suspension of the 2009 season, a re-structuring is due. It appears that the slumping economy, and the decrease in fan spending is effecting the AFL in a similar manner to the massive conglomerates of companies who seem to have been unable to control their spending. So in an effort to ensure viability for the future, the AFL will cancel their 2009 season as of Monday, Dec. 15th.

http://msn.foxsports.com/nfl/story/8923318/Arena-Football-League-cancels-2009-season?MSNHPHMA

I think reader JERKIMIA has the right idea with the comment: "Maybe a bail out is in order here."

Indeed - I implore the owners and league elite to immediately contact the United States Government and insist on a portion of the $700 Billion dollar bailout to provide current stability within the league while the restructuring takes place.

Surely, a failure of the AFL would have dramatic and long-term effects on the US economy and will be a direct cause of a future recession. Fans of the AFL are on the precipice of a crash and only through a government sponsored bailout will they survive these trying economic times.

With the government bailout money, of course, will come part ownership of each team to the government. It is clearly the most effective way of preventing what could be a long and deep recession.

Oh, US Government -- Save us all!