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03-21-2008, 06:05 AM
Every now and then I check out the RTR forum ( I was a member for 19 years) to see whats been going on. I find this thread interesting enough to add my two cents.
I've been self employed for the last 20 years. First as a building contractor and now as a national distributor for a company that sells motorcycle apparel. My friends, most of my family and even my accountant will agree that I have the ability to predict when the economy goes south and when it's on it's way to recovery. This recession we're in ( and we are in a recession) started this past October. The economy started heading south in May of 2006. My prediction is if we don't see some sort of recovery by June we're going to be in big trouble.....I'm talking really big trouble people. Something my generation ( I'm 55) has never seen and only heard tales about from their parents. Not doing track events will be the very least of your problems. It's all there for a catastrophe, the mortgage problems, ridiculously high energy bills ( diesel up 147% from last year), and a war that has no end especially if another Republican gets to be president.
I've just returned from Daytona where we were vendors for bike week at the speedway. Most if not all vendors I talked to were down 30-75% from last year and last year was nothing to rave about. People are now shutting their wallets and pocket books. People are scared. It's all well and good to let the fat cats burn from their blunders as CEO's with any help from government, who cares if their company's go bankrupt. They deserve it don't they? The problem is like the the family who buys a Mc mansion that they can barley afford when the times are good we all pay for it when the economy goes in the crappier. The only difference is that CEO who ruined the company still gets to keep his.
The problems in this country are deep seated. We took the wrong path when 7 1/2 years ago we elected GW and how he ever won re-election is one of the things that will remain a mystery to me. But for right now with this administration I think the Fed should do whatever it needs to do to get people spending again and get this economy headed in a better direction then it's going at the moment. At least it'll give the new administration a kick start and then hopefully a new path for a sustainable growth economy.
I've been self employed for the last 20 years. First as a building contractor and now as a national distributor for a company that sells motorcycle apparel. My friends, most of my family and even my accountant will agree that I have the ability to predict when the economy goes south and when it's on it's way to recovery. This recession we're in ( and we are in a recession) started this past October. The economy started heading south in May of 2006. My prediction is if we don't see some sort of recovery by June we're going to be in big trouble.....I'm talking really big trouble people. Something my generation ( I'm 55) has never seen and only heard tales about from their parents. Not doing track events will be the very least of your problems. It's all there for a catastrophe, the mortgage problems, ridiculously high energy bills ( diesel up 147% from last year), and a war that has no end especially if another Republican gets to be president.
I've just returned from Daytona where we were vendors for bike week at the speedway. Most if not all vendors I talked to were down 30-75% from last year and last year was nothing to rave about. People are now shutting their wallets and pocket books. People are scared. It's all well and good to let the fat cats burn from their blunders as CEO's with any help from government, who cares if their company's go bankrupt. They deserve it don't they? The problem is like the the family who buys a Mc mansion that they can barley afford when the times are good we all pay for it when the economy goes in the crappier. The only difference is that CEO who ruined the company still gets to keep his.
The problems in this country are deep seated. We took the wrong path when 7 1/2 years ago we elected GW and how he ever won re-election is one of the things that will remain a mystery to me. But for right now with this administration I think the Fed should do whatever it needs to do to get people spending again and get this economy headed in a better direction then it's going at the moment. At least it'll give the new administration a kick start and then hopefully a new path for a sustainable growth economy.
Past RTR member