Conventional wisdom is often dead wrong. No more so than in the assumption that New Yorkers wanted the Olympics (search).

Now, it’s true that an elite class of New Yorkers did want the Olympics. Developers loved the idea of squeezing more millions out of New York City’s already jammed and overpriced housing market. Politicians of all stripes loved the idea of using the Olympic games for their own self-aggrandizement. Republican Mayor Bloomberg (search) spent millions trying to schmooze Olympic officials.

Democratic Senator Hillary Clinton (search) spent most of the last week parading around Olympic delegates “like a rock star,” according to The New York Times (search), dreaming perhaps of opening the 2012 games as President Hillary Clinton.

Only one voice was missing from this chorus of Olympic wannabes. The people of New York, most of who are either dead set against an Olympic invasion or don’t really care. So the decision by the Olympic committee to give Bloomy and Hillary the boot comes as great news to a lot of New Yorkers.

And the fact that Londoners, who really did want the Olympics, edged out the French, who had just insulted the Brits, well, that’s just icing on the cake!

And that's the Observer.

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David Asman joined FOX News Channel (FNC) in 1997 and currently serves as host of "Forbes on FOX," a weekend half-hour program that offers an informative look at the business week (Saturday from 11:00-11:30 AM/ET). Asman is also an anchor on FOX Business Network, where he co-hosts "After the Bell" (4-5 PM/ET) with anchor Melissa Francis.