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"Rescue Plan" added-on pork, welfare for NASCAR?

By Perot_Obama - Posted on 02 October 2008

This morning on MSNBC a mention was made of a racetrack subsidy that was inserted into this bill intended to save the economy.  Does anyone have a link to more information in this regard?  If assistance is being lent to superspeedway ownership groups that'll amount to a travesty.
I can't believe it, well actually, I can. Damn you porkbarrelers.

Pet projects. 

The Emergency Economic Stabilization Act of 2008 (H. R. 1424):

Sec. 317: Seven-year cost recovery period for motorsports racing track facility.

A provisions that will save Nascar track builders $109 million this year.

Sec. 503: Exemption from excise tax for certain wooden arrows designed for use by children.

Senators attached a provision repealing a 39-cent excise tax on wooden arrows. The provision, originally proposed by Oregon senators Ron Wyden and Gordon Smith, will save manufacturers such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a year. Ten manufacturers in nine U.S. states stand to benefit from the change . . . according to CNN about $2 million.

Bloomberg has more information on the pet projects attached to the bailout.

Obama/Biden 2008

(Courtesy of Misty)

Sec. 317: Seven-year cost recovery period for motorsports racing track facility.

A provisions that will save Nascar track builders $109 million this year.

One of the better-kept secrets in the realm of politics and corporate money is the incredible influence weilded by NASCAR's connected interest.  Through a web of political connections at the national and local level the France family of Daytona, FL (International Speedway Corp, ISC) and Smiths of Charlotte, NC (Speedway Motorsports Inc, SMI) have for years leveraged combinations of direct public funding and tax abatements for privately owned superspeedway construction projects to the tune of hundreds of millions of dollars.  Politicians have their pockets stuffed with reelection campaign contributions as a reward for slipping favorable legislation through, or if need be, outright ramrodding of these projects through state legislatures.  Former Kansas Gov. Graves was awarded a seat on the ISC Board in reward for his work in funding the Kansas Speedway a few years back.  

Due to complicit media giants such as NewsCorp and Disney and their mega-million dollar broadcast contracts the sports, business, and political desk tend to overlook this long-simmering issue within sports/business and politics.  

However, taxpayer advocate groups at the local level have taken the fight directly against these goliaths and have won three rounds over the past couple of years, in Washington State, Colorado, and New York (especially notable was the Kipsack, WA project, which would have ruined hundreds of acres of pristine coastal forest for the building of a concrete and asphalt mega-speedway). 

This trend, combined with a tightening down of corporate sponsorship for teams and race dates, has brought up this highly public inclusion of pork into a high-profile rescue package.

I urge everyone to write or email their congressperson to say NO PORK FOR NASCAR 


Follow up:

In the Senate , the motor sports provision was sponsored by Sen. Charles Schumer , D- N.Y. 

Obama/Biden 2008

You know, that's just unconscionable. My husband and I were trying to figure out last year what the environmental impact of the racing industry is. It's incalculable.

Actually, racing series such as IndyCar and the American Le Mans Series, who are in fact NASCAR competitors,  work at the forefront of alternative fuel technology. 

IndyCar through renewable, clean, 100% ethanol fueling 

ALMS through bio-diesel, E-85 (85% ethanol, 15% petrol) and hybrid technology (first vehicle - 1998).

The pubic doesn't hear about this through due to pro-NASCAR media collusion at the highest levels of ownership (Fox, Disney, USA Today, etc)

The EPA was on the verge of enforcing rulings against NASCAR due to their decades-long usage of leaded gasoline which amounted to weekly rounds of lead poisoning for fans and crewmembers, in a response they finally switched to unleaded (three decades after the rest of the world) and that was promoted through the media as a ecological move on NASCAR's part.  Simply incredible....

By the way, where is Mr No Pork McCain in this issue?  crickets...

The President of NASCAR Michael Helton contribute $2,300 this year to John McCain . . . Cindy . . . Budweiser is NASCAR's official beer.

This bud's for you.

McCain: I want to assure you I've got a pen this ones kind of old I've got a pen and I'm going to veto every single spending bill that comes across my desk. I will make them famous that you will know their names.

Obama/Biden 2008

Don't know if you've seen, but current poll on MSNBC is that 57% don't think anybody but wall street is going to benefit from bailout.
Someone on CNN said  McCain missed his golden opportunity to turn the election around when he voted for the bill. He thought a "No" vote from McCain could propell his maverick, anti-pork reputation. I think it was a double edged sword for McCain-no escape.

This would have been a game changer if he voted No. 

Obama/Biden 2008

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