Times are changing..

[carolwicks]

we are all going thru tough times now. the tracks, the fans, the drivers... it may all come to a screeching halt for awhile if things get much worse...
HOWEVER!!!!!! when things pick up again..racing will rise from the ashes and i think in a bigger and better way because maybe...just maybe...we will have learned how lucky we are and appreciate it more.
we are blessed. there are people in this world suffering...if we can go racing, we are not suffering.
carolwicks aka OZ!

[Rick Williamson]

If we can work and have a job we aren't suffering.

[flvideo]

Just think Rick, the money we make now isn't worth what it was last week after what the Feds did this week. I just steam at them bailing those Companies out and leaving the same sorry CEOs that put them there in their high paid jobs. Believe me before its over we are all going to be suffering I'm sure. Bob.........

[AB195]

Happy times for them, yessirree-
And when thier Corp. falls to pieces,(as it's going now) we'll merely Socialize their losses to be paid off by the masses/taxpayers.
No need to worry about them, though. The Corporation Biggies will do just fine, thank you.
We'll just have to pay their bar-tab.

[Edm]

SO.......what they are saying is that if my little company here in Titusville fails, they will bail me out too? Yeah right, but my little company will help bail out these giant corporate companies when they need help. That just pisses me off. Its going to cost the average tax payer over $3400 a year for this crap. I am not an economics expert but common sense tells me that I am getting the bum end of this deal.

Quick question for anyone that knows. How much are the ceos making, and how much will they have to pay?

[flvideo]

Hey Ed, Yeah it pi$$es me off too. I'd say most of the CEO's in the Companies involved are drawing over a million a year in total compansation. they get stock options and EXPENSE accounts. As well as some of the most outragious retirement packages you can imagine, and these CEO's in question will probably get those retirement packages on our backs. I have been retired10 years and it looks like I'm going to have to find a job. My video isn't steady enough to depend on. Maybe I should call for a bail out. HUH!

[Boneman]

Bob and others. I suggest that you are too quick to blame the capitalist system for this problem. Congress passed laws requiring banks to lend to unqualified home buyers, or face "discrimination" litigation. This was part of what fueled the housing boom of a few years ago. Due to this, and in-effective federal oversight (why haven't Barney Frank and Charlie Rangle resigned?), and corruption in government, now we are surprised with a "crisis" that we've been warned about for a few years.

I also find it repugnant that some CEO's walk away from a destroyed business with multi-millions. They are a very small percentage of executives, but they make everyone else look bad. We need to be careful about demonizing capitalists, otherwise the socialists and communists take over in January.

[flvideo]

You are right Rex, we are sometimes quick to blame. On a much smaller scale I did much the same thing several years ago. I spent money I didn't have to build my bussiness and to buy THINGS that we really couldn't afford. As a result I got in a credit card hole that I have been 5 years digging out and still can only catch a glimse of light. I rashioned it in the fact that I was working and making good money, so I could afford it. The only thing is I retired and the economy ate my retirement fund and I still had debt. Thats much what the country has done. We have for years funded things on credit. I can't remember the exact #, but it was a several Trillion dollar deficit. These companies have done that too I guess. Made loans to people that had no earthly way to repay. I think most people when faced with defaulting on debt just file bankrupsey and let the bank or lender just hang out. I think if Obama gets elected hes gonna show us a trick with his social programs.

[carolwicks]

hmmmm.blame the govt?

first of all...we can all blame whoever we want. the problem is that WE want more than we can afford. we use our money before we make it... how many of you have saved a couple months mortgage or rent in case of emergency???
if you smoke or drink or race, then you had the extra money.
the cold hard facts are that we have only ourselves to blame. we also could control some of the other problems Americans are facing but greed will not allow us to.. when our employees were getting 10-15 hours overtime for several months they went on vacations and they got used to having the extras. if they had even saved half of it, they would have had a little nest egg....
our government has done the same thing on a much larger scale. we saw things going down hill.. we knew it was coming...we ARE the govt. WE THE PEOPLE of the U.S. in order to form a more perfect union...etc etc... we sit back and let bush and whoever we elect make choices WE DONT want! we can stop that but we sit back and wait for someone else to do it...money talks but only because we do not stand up for our rights!
carolwicks aka OZ
so... like it or not...we need to accept some of the blame for the way things are....