dunefreak Posted January 9, 2009 Share Posted January 9, 2009 Damn...lots of shows and things are being canceled over the past few months "due to current state of the economy" -SNORE Terribles Cup at the LVMS back in Oct...canceled -CORR race in Primm AND Chula Vista...canceled -Presidents Day Jeep Races at D...canceled -ORBA offroad show that was scheduled for this Feb...canceled WTF? How longer before this chit comes back around? It's crazy how long things have been in the crapper and how much impact it has even had on things like these. Quote Link to comment Share on other sites More sharing options...
fctryblack84 Posted January 9, 2009 Share Posted January 9, 2009 Damn...lots of shows and things are being canceled over the past few months "due to current state of the economy" -SNORE Terribles Cup at the LVMS back in Oct...canceled -CORR race in Primm AND Chula Vista...canceled -Presidents Day Jeep Races at D...canceled -ORBA offroad show that was scheduled for this Feb...canceled WTF? How longer before this chit comes back around? It's crazy how long things have been in the crapper and how much impact it has even had on things like these. wow that really sux....i hope they bring it back Quote Link to comment Share on other sites More sharing options...
Warrior07 Posted January 9, 2009 Share Posted January 9, 2009 People are scared to spend thanks to all the negative media Quote Link to comment Share on other sites More sharing options...
Big Red Posted January 9, 2009 Share Posted January 9, 2009 they are saying at least a good 10 yrs till a turnaround once we hit bottom. still have a year or 2 till we hit bottom. Quote Link to comment Share on other sites More sharing options...
jorgeloco Posted January 9, 2009 Share Posted January 9, 2009 what :ah: :?: you mean it will get worse? !! j/k I know is scary Quote Link to comment Share on other sites More sharing options...
Richard Cheese Posted January 9, 2009 Share Posted January 9, 2009 yeah i was gonna say, its gonna get worse before it begins to get better. just wait until inflation hits hard due to all the extra money our FED has been printing to bail out the people that should have just been left alone and allowed to fail Quote Link to comment Share on other sites More sharing options...
White Rhino Posted January 9, 2009 Share Posted January 9, 2009 People are scared to spend thanks to all the negative media YEAP, I know there are some folks out of work, and some folks are cutting back, but ONE BIG reason is MEDIA... same reason we now have :B as president, MEDIA tells us what we want to hear, and well most of the US unfortunately are sheep Quote Link to comment Share on other sites More sharing options...
raspadoo Posted January 10, 2009 Share Posted January 10, 2009 CORR is done.. It is definately going to get worse. Just wait till businesses have to pay their tax obligations for 2008 (which slowed down @ the end of the year) with their income from 2009. LOTS of businesses going bye bye Quote Link to comment Share on other sites More sharing options...
White Rhino Posted January 10, 2009 Share Posted January 10, 2009 CORR is done.. It is definately going to get worse. Just wait till businesses have to pay their tax obligations for 2008 (which slowed down @ the end of the year) with their income from 2009. LOTS of businesses going bye bye Boy oh Boy, This is really hitting the nail on the head. The average person does not know what a company goes through. Of course, I know some people will not buy into this story, which is sad, because it is all as it really says. Ask anyone that has been or is in business. A Boss Who Tells It Like It Is Date: Sat, 03 Jan 2009 22:39:54 +0000 To All My Valued Employees, There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job; however, is the changing political landscape in this country. However, let me tell you some little tidbits of fact which might help you decide what is in your best interests. First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You've seen my big home at last year's Christmas party. I'm sure all these flashy icons of luxury conjure up some idealized thoughts about my life. However, what you don't see is the back story. I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you. My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business -- hard work, discipline, and sacrifice. Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn't look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had. So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don't. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden -- the nice house, the Mercedes, the vacations... you never realize the back story and the sacrifices I've made. Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for. Yes, business ownership has is benefits but the price I've paid is steep and not without wounds. Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why: I am being taxed to death and the government thinks I don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch. The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country. The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy. Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now. When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep. So where am I going with all this? It's quite simple. If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem any more. Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship. So, if you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about.... Signed, Your boss Quote Link to comment Share on other sites More sharing options...
raspadoo Posted January 10, 2009 Share Posted January 10, 2009 ^^^That is an awesome account of what is happening, Hmmm Retire...... It might be time. Quote Link to comment Share on other sites More sharing options...
randyvw Posted January 11, 2009 Share Posted January 11, 2009 YEAP, I know there are some folks out of work, and some folks are cutting back, but ONE BIG reason is MEDIA... same reason we now have :B as president, MEDIA tells us what we want to hear, and well most of the US unfortunately are sheep yup, yer right about it being the medias fault.......they let the housing bubble inflate without so much as a peep about how we were paying triple for our houses at one point, and that was unsustainable. here's all you need to know about where we are in the economic cycle...we make less $ than we did in year 2000( before the start of the bubble)....yet we are still paying 50 percent more for our houses than we did in 2000. we got a ways to go down still. the banks were leveraged 30 or 40 to one on their loan portfolios(fannie and freddie mac are 150 to one), and when you lose even 5 percent under those circumstances, you are bankrupt......but here in inland empire we are down 50 percent!!!! our banking system is insolvent peeps. we as a nation are bankrupt, and no help from our graft taking politicians.our system of government is broken too. ben bernanke gets up every day wondering how the heck he can keep the banking system from imploding.....we will pick up the pitchforks and torches before this is all over, but there aren't enough of us cold and hungry yet to make that happen. what just happened to our banking system has NEVER HAPPENED in the history of the u.s.....how can you think it won't last for a decade at least is mind boggling to me.( three and a half years so far, and counting). go spend an hour or two reading patrick.net and educate yerselves. all yuh gotta do is read the left side of page and follow links to why we are in such deep doo doo. over the last 70 years or so we paid 25 to 30 percent of our incomes to buy a house. at the peak of the bubble in june 05 we paid 50-60 percent(if we even had an income) we will return to what we used to pay for a house and people will realize a house is just a place to live, not an investment or a source for drawing money out. sorry if i sugarcoated this too much for y'all. rant over....you may now go back to watching american idol or flip this house. Quote Link to comment Share on other sites More sharing options...
Danielle Posted January 14, 2009 Share Posted January 14, 2009 Boy oh Boy, This is really hitting the nail on the head. The average person does not know what a company goes through. Of course, I know some people will not buy into this story, which is sad, because it is all as it really says. Ask anyone that has been or is in business. A Boss Who Tells It Like It Is Paul it couldnt have been said any better. Except after 12 years of owning our own company we arent retiring.Nice to dream about though.LOL! Quote Link to comment Share on other sites More sharing options...
White Rhino Posted January 14, 2009 Share Posted January 14, 2009 (edited) Boy oh Boy, This is really hitting the nail on the head. The average person does not know what a company goes through. Of course, I know some people will not buy into this story, which is sad, because it is all as it really says. Ask anyone that has been or is in business. A Boss Who Tells It Like It Is Paul it couldnt have been said any better. Except after 12 years of owning our own company we arent retiring.Nice to dream about though.LOL! That letter wasn't from me,(well except the part you outlined above) but 99.9% is what I feel. although I have GREAT employees that I would do anything for, they are why we are still in business..(well and my exceptional charm in sales :angry2: ) LOL Sure hope things turn around for you guys! Chris is one of the best in what he does! I texted him last night for advise LOL Edited January 14, 2009 by White Rhino Quote Link to comment Share on other sites More sharing options...
Danielle Posted January 15, 2009 Share Posted January 15, 2009 That letter wasn't from me,(well except the part you outlined above) but 99.9% is what I feel. although I have GREAT employees that I would do anything for, they are why we are still in business..(well and my exceptional charm in sales :angry2: ) LOL Sure hope things turn around for you guys! Chris is one of the best in what he does! I texted him last night for advise LOL I realized that .I was just saying that I agree that you agree with what that letter said. Quote Link to comment Share on other sites More sharing options...
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