Economics & Racing Beyond Our Means

[Rich Biebel]

Gary if you want an economics lesson....Maybe you watched the recent PBS show...John Adams......Yes, it was a very differnet time but take a look at how France's rulers were dealt with...If enough people say enough already from the super rich and the beaurocrats..."heads can roll" they did in France in the French Revolution.....The one thing that makes America great...we dump the leaders every 8 years or less in elections instead of chopping off their heads.......

[Dick Butler]

Good discussion. No one on this thread has mentioned the Cash in a Flash corner loan stores and their evil.Another example of something flying under the radar of the government and taking advantage of the less informed. As regards government and its responsibility seems most in government support more worrying about getting elected than doing what is BEST for the country. Unfortunately many voters are going for something for nothing policies. If it takes a tax to pay for it the result is anything but cheap the loss of money in doing it the government way is extreme...waste or inefficiency.
Our racing will take the "hit" for many reasons and fuel prices to our businesses, sponsors, food stores and heating costs will be the cause. It wont need to be the towing costs. Personal overhead is going higher in many ways. At least the cost of health care is further off the front page today.

[gmonde]

just add a few things,i dont know what all of you in on this disscusion do for work or own for bussineses but,the company that i work for is a family owned transportation bus charter/international dealership and is a good place to work but a challenging job and expectations are high,we have a monthly budget goal for every month(like other companys) but in order to meet these goals all of the stars,suns,moons,have to be in perfect alingment to make this happen,there bussines partner (the bank)looks at this month to month, now here is the fun part,as i am brought in the the monthly interigation room with the first comment starting out as"our numbers suck this month",well you didnt have to tell me that i know the numbers suck"we cant run like this"and looking at the budget numbers its not a wonder why they dont meet monthly budget,over head is way over its no wonder we cant meet these numbers ,these numbers are based on the best economic times when you quoted a engine rebuild(in chassis rebuild) for $10,000,00 the normal responce was "i need it just do it" it was easy ,but now its more like ,"i send the wrecker over to get it " but how bad is it really ,the owner has more toys than you can shake a stick at,the owners kid who graduated high school gets a new hummer,(we will see that in the shop all smashed up i am sure) this company runs over a 1,000 pieces of equiptment and i am well aware of the cost of running a transportation bussiness is not cheap and of coarse fuel impacting bussines cost so are we crying wolf or is this the real deal just another day in paradise gmonde

[63corvette]

Government Regulation is NEVER THE ANSWER TO ANY PROBLEM!!!!!!!
If the Government Local, State and Federal was a business they would be out of business in a short period of time. Too inefficient!!!!!!
One of the other posts has it right on Politicians also. Most are only interested in election or re-election.
It should not be whether it is Republician or Democratic issue it should whether it is the right thing to do for the COUNTRY AS A WHOLE!!!
It should never be a Red or Blue State Issue it should be a Right Thing Issue.
That is why Congress can't get anything done.
Far To Many Full Time Politicians Who Just Don't Get It!!!
The US really does need a 3rd Political Party. The Party Of The People and THEIR BUSINESS.
Far To Much Money Being Handed Over To Politicians UNDER THE TABLE.
Just take a look at how much money Bill Clinton made for doing not much of anything since leaving the White House. Bush will be doing the same thing soon. Taking money for any influence he might have after leaving the White House.
This Presidental election is the first one I may not vote in for over 40 years. I just do not see a canidate worthy of my vote. I would vote if there was a box for NONE OF THE ABOVE!!!!!!!
Just My 2 Cents

Bruce,
All you need to understand in our economy is the origin of the "Federal Reserve". Search it, and then research it. Please,for the sake of all that is still good, understand the beast we are all fighting against.

The Federal Reserve.. KNOW YOUR ENEMY!

[Lynn A McCarty]

The top 4% wage earners pays 96% of all taxes collected. 4% total for the rest of us.(until the 2001 tax cut) So your vote depends almost as much as your personal finances do this time around towards racing expenditures. Most of us will get hit very hard if the alternative tax is re initiated like in the 1990's.

Lynn

[Bruce Noland]

Jason,

I know the deal about the Federal Reserve.

When we break down our current economic problems we will find the route causes to be greed and abuse of power. Nothing new! Painful lessons are never etched in stone. Humans have been repeating these errors since the beginning of time. Sex came first, then physical control came second, gold/resources was third, spiritual control was fourth and now we have all four at the same time; also known as the megamutha. We may go down but we will eventually get back up to complete the cycle.

Ain't nuth'n blow'n in the wind cept for cold hard cash. Dylan's truth.

[Bruce Noland]

Lynn,

You have posted this comment about the top 4% of wage earners paying 96% of "all taxes collected" several times before. Please clarify "all taxes collected" for us. I guess you are not including any earnings outside of wages. Correct? I am very interested in knowing how 4% of the wage earners are paying the bill for 280 million Americans. Maybe Dave Ring can help us out with this one.

[Gary Smith]

Originally Posted by Jason Fuller

Bruce,
All you need to understand in our economy is the origin of the "Federal Reserve". Search it, and then research it. Please,for the sake of all that is still good, understand the beast we are all fighting against.

The Federal Reserve.. KNOW YOUR ENEMY!

Jason, this is the exact issue that drove me to starting this thread. I encourage everyone to google the Fed Reserve and the ugly truth behind it. I was shocked what I found out.

[Adger Smith]

oh yea! Good old Ben Franklin & his paper money.