economic woes on Indianapolis 500

It is not just Chrysler that is in trouble. Sadly, economic woes on nascar and Indianapolis 500 have hit motor sports hard. Today, gasoline shot up to $2.75/gallon. It will not be long until gas is over $3/gal. That is double the price in January when it sold for $1.49/gal.

Things are running slow in the Speedway, and the checkered flag is not as happy. I believe that the false rally in the stock market created some euphoria, but in the real world, people are without jobs or ways to find new ones. The drop in the price of oil did fuel some speculation about an economic recover, but that hope is rapidly evaporating.

Not sure which automakers and part suppliers will make it to the finish line, but my guess is that cheap chinese parts will be the way of the future. All the govs plans to get things on track are now in trouble as the engine of america - GM cries out for help.