Forum: HoseHeads Sprint Car General Forum (go)
Moderators: hosehead

How much will the economic problems effect racing? As money and credit dries up,will we see a lot less money available for teams and fans alike? Curious to others opinions,is this just a bump in the road,or will the financial mess affect everything we know and love, and change things for a long time to come?

I sure as hell don't see how it can things help any...

Phil Taylor

Home Theater Systems Advice, Tips and General BS ;)

I don't know what the future holds for the economy or racing. My crystal ball is broke. Maybe some clairvoyant can give you a palm reading.

I don't know which haulers are going to pull through the pit gate so don't ask me that one either.

Stan Meissner (Check out the photo gallery and blog)

Website
www.gotomn.com
Photos
Blog

It's like anything else. You have to establish priorities. In order to go racing, whether it be as a fan or competitor, you might have to give up something if you want it bad enough. I have given up hookers, going to professional midget wrestling, hookers, one-armed painting exibitions, hookers, carp fishing, hookers, watching bowling on TV, hookers, but, by golly, I won't give up my racing!!!

dirtybeer,

I have been discussing this very subject since way back in April with my race cronies. I'm wondering how things will shake down for race tracks and race teams even more so over the course of this winter? I'm not one to sound like gloom and doom, but I Am realistic and can't help but think, attendance numbers have been way down over the summer at most tracks. It would be interesting to find out attendance numbers from some weekly tracks,over say the last even 10 years and see how things faired this summer? Hopefully I'm all wet..A thought: If they can make an atomic submarine run for umpteen years,on a cell the size of a brick,why couldn't a race car run on a cell the size of a pencil.hhmm,, I'll have to get on that!!!

Take Care

We have never experienced anything near like we are going through now. It is hard to predict what will happen an hour from now anymore. I am in the finance business and I have never been more concerned about what the future holds. My concern is whether or not the economic downturn is larger than what the gov"ts around the world can throw at it.....www.hsdent.com

gov't intervention during the depression only delayed market recovery...and last week's bail out money has not even been handed out to the select cronies yet.

Paulson said it all "we cannot bail out every lender or business...we are going to have to pick and choose" - what could possibly create more uncertainty in the financial market?

the very same jackasses who used their oversight role to put lending requirements in place like the community reinvestment act, pave the way for rampant short selling...now making determinations on who gets a preferential bail out check that pushes their competitors off a the cliff?

in the end, this will be seen as more than a step toward socialism...it will be the gov't covering their OWN ASS by protecting those that played the game with the liberal gov't agenda to meddle in sound lending practices to achieve a feel good outcome.

give them an orange suit and frog march these bastards now...and put them in the general population with that blow hard Jim Cramer (CNBC) as an added bonus. just two weeks ago, he said on TV that Wachovia was one of the FEW BANKS who were safe...was he looking to cause a run and an opportunity to sell his holdings short 30 days laters?

The Dirt on Cramer

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

Pelosi, Barney Frank, Harry Reid, and Chris Dodd...that's god damned lethal to our existence man...

Hope all is well in PA BRR!!!!!

theres more and many bigger problems than the housing foreclosures,, think if you research it there is less than 10% bad mortgages out there, the lenders who are basically lieing to thier investors for years took milions in salaries and bonus, how can a company like WAMU be taking over afford to pay CEO who just recently left the company millions, and then cry we need help. What good company management can not handle 10% bad investment and not have a plan how to cope,. I really have no idea why the home market is getting all the blame,

If you want to google it and do some reading, I will give you the answer to all your questions as to what caused this mess. Three words: Subprime Mortgages, Credit Default Swaps and the problem with the gas prices: Futures trading. There you go. The stock market mess is being caused by selfish and scared investors that are "Cutting their losses" and bailing out.

Throw on top of that the possibility of Barrack Obama as president, God help us all.

Everybody seems to pin old George W. with all the garbage we are in. Like I said previous, google and do some reason and you will see who came up with all these little financial gimmicks. It was not George Bush and the present administration. I am not a fan of George in any way, shape or form, but right is right. He is trying to bail this country out and he is not the one that caused it. Read and educate yourself and you will see.

"gov't intervention during the depression only delayed market recovery."

Care to elaborate on that?

gov't protectionism, Fed. Reserve playing with the money supply - causing runs on banks, and declaring gold ownership illegal are good starters...playing around with tariff acts didn't help the big picture either.

but look at how well this BAIL OUT has worked...they have not even implemented anything yet...but the liberal skunks that voted for it SURE LIKE TO PAT THEMSELVES ON THE BACK for "DOING SOMETHING".

never mind that the result is a bigger DROP in the market!

look at the bright side...GAS is CHEAP NOW!

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

You can talk all night along about it being the fault of "W" or "Slick Willie" but still be barking up the wrong tree....in the long run!

Look in the mirror and you will find the one responsible.

We, the voters, put over 500 people in Congress who, for the most part, are ONLY CONCERNED ABOUT THEIR OWN STATURE AND SEEING HOW MUCH OF OUR TAX MONEY THEY CAN GET BACK TO THEIR "HOME" DISTRICT VIA "PORK" ON EVERY BILL....including the bailout money.

Forget Nobama and McPain and vote everyone out....do away with their "life" pensions and limit them to four terms in the House and two in the Senate.  Ofcourse, there is a TON of other things we could also stop but this  is just the start.

I have had enough and I am letting my officials know how I feel and I will do everything I can to see them replaced as well as our system changed.  We have been "shafted" by Washington because of our own "indifference" to what they have been doing and it is time ALL of them went home.....PERMANENTLY!

Just my two cents!

Calling an illegal immigrant an "undocumented worker" 
is like calling a drug dealer an "unlicensed 
pharmacist!"

I agree that there should be limited terms for congressmen, but its the LACK of government oversight that allowed this mess to happen. The start of the great depression proved that a free market economy needs government regulation to keep it from falling apart, and history is repeating itself. Most liberals don't insist on government taking over the market, but we can't allow the market to run rampant without checks on it. Our whole constitution is based on a system of checks and balances. Histrory has proven that checks and balances must be applied to our economic system as well. It was the complex system created on wall street that made it impossible to categorize high and low risk mortgage packages correctly which got us into this mess. The AAA low-risk packages that all of the sudden weren't really low-risk because of the impossibility of categorizing them correctly caused this crash. The system shouldn't have been allowed to run wild like this. But the government and the Bush Administration decided that the market should be left alone, and see what happens.

You have it the nail on the head, however there are a lot of people that only care about which party is in office and could care less about anything else.