"Well, the next one is in China... do we want to give the PRC that kind of shot in the arm PR wise?"
You assume that those Olympics will make China look good. I'm not so sure. Regardless, it's wrong for a President to use something like the Olympics as a political tool. Carter made hundreds of American athletes into political pawns. It was stupid and ineffective.
If Jimmuh hadn't been such a nebbish about his other politics, it might have actually meant something.