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6th July 2010, 20:30 #11
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Originally Posted by EagleEye
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6th July 2010, 21:10 #12
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I'm not saying its perfect, its going to take some time to turn the sport around, but I believe its heading in the right direction, and I haven't been able to say that years. Yes it could still go in the tank, but there were some people on this forum hinting that the IRL could cease to operate at the end of the year, it doesn't look like that is going to happen and hopefully the teams are starting to build a decent foundation.
There is a future for Open Wheel Racing in this country, its just going to look take longer than most would like and look different than what we expect.
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7th July 2010, 08:31 #13
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Originally Posted by SoCalPVguy"Water for my horses, beer for my men and mud for my turtle".
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7th July 2010, 22:18 #14
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Originally Posted by Mark in Oshawa
1. I am certain the bad Versus deal will eventually be the death of us.
2. I doubt any one here or the general public realizes how bad our economy is now with rising taxes to support unchecked govt spending where the all time national debt is approaching $13 trillion, we are only months away for potentially becoming greece with our debt to gross product ratios. There will be no corporate money for optional things like niche sport openwheel autoracing sponsorships, and spare capital presently sitting on the sidelines due to uncertainty will be shifted to other countries such as china to avoid confiscation by the ideologue socialist president and congresss now in power. Predict no change in our economy until 1/23/2013.
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7th July 2010, 23:39 #15
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Originally Posted by SoCalPVguy
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8th July 2010, 00:56 #16
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Originally Posted by SoCalPVguy
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8th July 2010, 02:10 #17
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Originally Posted by DBell
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8th July 2010, 04:15 #18
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I would not jump to hard on SoCal for his non racing post. He is very near the truth about how many of us view the current State of Affairs. He mite be wise to post that elsewhere?
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8th July 2010, 06:36 #19
All I know is, the people and companies who have solid business plans are still making money in this country. Not as much as before maybe, but anyone who can't roll with the punches is doomed to failure anyway. And any company whose business success depends on a +/- 3% change in the marginal tax rate, I would look to short sell that company as quickly as I could. If the only time you can make money is in the best of times, you're not good, you've just been lucky... dumb lucky. And any CEO dumb enough to shut down operations here, so that he could escape "socialism" (:rolleyes , and move to a state managed economy run by unabashed communists, where intellectual property rights (and human rights) mean next to nothing, ASK THAT MAN FOR A CHECK RIGHT NOW! Get him to sponsor five or six cars, or hell, the whole dang series! He's clearly an idiot, so you could promise him anything and he'd believe it. Get as much money as possible up front though. It's going to be an MCI/WorldCom type deal, so ya gotta take the money and run (fast!).
I got an interesting email today from an old pal and former co-worker. We shared a deep interest in cars and racing, so we fast became friends, even though he worked for a different division than I did. It seems that his division is sponsoring Kevin Harvick Racing now. It's not the first time the conglomerate has dipped its toe into NASCAR, but we had typically been an open wheel sponsor since the early 90's. I asked him how Harvick got the deal. He said quite dryly, "He asked." Hell, who woulda ever thought of that?! Ask! I wonder what Ivy League MBA program Kevin and DeLana attended to learn that complex business strategy???
If Michael Andretti and the other IRL team owners could cobble together a business proposal that made sense for a sponsor, and had something of value to offer, perhaps they could get more real sponsors too (instead of just ride buyers). Yeah, I know... more crazy talk, huh? NASCAR and its teams understand that sponsors aren't there to help the teams or the series. They're there so that the teams and the series can help THEM! CART forgot that. CCWS never figured it out. And the IRL (and some of its fans) continues to be a little ball lost in the tall grass on that topic. Companies are still spending money on sponsorships... for those that have the b#lls and good sense to get off their butts and ask for it. Stop crying in your soup and go out there and get some of it!!!"Every generation's memory is exactly as long as its own experience." --John Kenneth Galbraith
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8th July 2010, 06:55 #20
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Guys, I'm very sorry for what this, but I have to get political.
Originally Posted by SoCalPVguy
2. Assuming debt trends remain constant, the U.S. is years away from entering a Greece-like situation. Greece's problems are grossly inflated (no pun intended) by sharing the Euro; it cannot devalue it's own currency to minimize it's debt.
3. If the United States was nearing a debt crisis, the dollar would be inflating like mad right now. Inflation is remarkably low right now.racing-reference.info/showblog?id=1785
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