Handle Decline Continues...

[Split Rock]

Originally Posted by jms62

Dude an economy is not a few people making a ton of money. An economy is having a huge middle class with purchasing power to fuel the machine. Money = Fuel for the engine. An economy can not function with 2% of the people having 95% of the money. That is how it works in the third world. Full Disclousre, I am working making 6 figs and have never been unemployed. Also I don't don blinkers.

PS.

The casino industry is in utter ****ing shambles.

The casino industry is hardly in shambles. There are just too many of them now. The major difference is the entire pot of gambling dollars. The racing industry vs the casino industry (minus vegas). I'm talking tribal casinos here.

The point I'm trying to make is that racing is on the decline for MANY more reasons outside of the economy. I personally believe that as soon as the game became as shady as it is today (and I'm speaking 100% about the trainers that are using drugs to win) a large percentage of the BIG players simply went elsewhere with their money. That is what started the downward trend.

Regarding the economy, 2% making most of the wealth does suck. I too make 6 figs and never been unemployed but also feel, like you, that the rich vs. everyone else disparity is a joke. I just don't know how that relates to this discussion.

Bottom line is I'm so tired of hearing people blame racing's decline on the economy. It's like their saying the racing industry was doing so well and once the economy turned downward, racing started to decline. That is such a joke. While I believe the drug issue started the downward trend, racing as a whole has compounded the issue with absurd management and marketing.