U.S. Markets closed

Is It Finally Game-Over For Lance Armstrong?

Fin - Daily Ticker - US

On Sunday evening, 60 Minutes aired a long segment on the ongoing investigation into whether Lance Armstrong, the 7-time champion of the Tour de France, used performance enhancing drugs.

Armstrong, a cancer survivor, philanthropist, and American hero, has always denied using drugs, even as cycling has been revealed to be riddled with blood doping and Armstrong's teammates have come forward and said that he did it. The 60 Minutes story revealed that two of Armstrong's closest teammates, Tyler Hamilton and George Hincapie, have now testified to a grand jury that they saw Armstrong use performance-enhancing drugs.

Hamilton also said that, contrary to Armstrong's claim that he has never failed a drug test, Armstrong actually did fail one in 2001--in a Swiss race leading up to that year's Tour de France. Hamilton believes that the International Cycling Union persuaded the testing organization to ignore the test.

The Hamilton and Hincapie testimony is the strongest evidence yet that Armstrong broke the rules, and Hamilton's 60 Minutes appearance was made more credible by his repeatedly pointing his finger at the sport of cycling and himself as well as at Armstrong. Hamilton described a sport in which it would have been impossible to win without doping because everyone was doping. He also made clear how many jobs and careers depended on Armstrong's remaining "clean." If the Swiss test hadn't been disappeared, Hamilton said, the US Postal Service team would have been finished, and his job and 50-60 other jobs would have been lost.

The government appears to be building a case that Lance Armstrong and other team-members defrauded the US government by saying they were clean when they weren't in order to get sponsorship money from the US Postal Service. It's not clear what the government's ultimate goals are, but they appear to include cleaning up the sport of cycling, proving that Lance Armstrong has lied, and cracking down even more strongly on the use of performance enhancing drugs.

The investigation is not popular: The country faces much bigger problems that the government seems unwilling to do anything about, and no one wants to see a hero taken down. But investigators seem deeply committed to seeing this investigation through.

After last night's 60 Minutes story, even people who want to believe Lance Armstrong will have a hard time continuing to do so. So it's likely that, regardless of what happens with the investigation and prosecution, his accomplishments and legacy will be permanently tainted.

Do you think the federal government should be investigating Lance Armstrong?