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The MuscleCar Place

TMCP #509: Ask Rick on the Economy – Gas Prices are Bad, Electric Car Rebates are For the Rich, and Muscle Cars are Fantastic!

The MuscleCar Place

Robert Kibbe

Automotive, Leisure, Business, Careers

4.8701 Ratings

🗓️ 1 July 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

Happy July and Happy Independence day! It is finally time to spend lots of money and blow up stuff in celebration of this country's birth! Rick Schmidt is back again for an all new Ask Rick segment and this time we dive deep into Rick's thoughts on the economy, inflation, and government rebates to the upper class on electric cars. This is one of those episodes were Rick unloaded both barrels, reloaded, and did it again. And then again!

The post TMCP #509: Ask Rick on the Economy – Gas Prices are Bad, Electric Car Rebates are For the Rich, and Muscle Cars are Fantastic! first appeared on The Muscle Car Place.

Transcript

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0:00.0

The Muscle Car Place Online Podcast, episode number 509. This week, Rick is here for the

0:06.5

Ask Rick segment as we all kick off the second half of the year together. So here in the

0:10.9

states at least, gas prices are kind of high. Inflation is kind of really high. Vacations are

0:16.8

getting reduced, some are getting eliminated, but the restoration parts market is still smoking

0:21.4

right along. Well, for now at least. There's a lot to learn in this episode here. For you business

0:26.5

owners, though, if you're in the restoration parts business or not, maybe you can relate to what

0:30.8

Rick is doing at NPD. You can't absorb 20% increased costs to goods, leave your retail's

0:37.1

where they're at, you know, as some sort of

0:39.3

humanitarian gesture. Watch your cash reserves go like that. Then what have you accomplished

0:46.1

for your customers and for your employees? This is the Muscle Car Place online Podcast, brought you by National Parks Depot.

0:58.1

This is the weekly show dedicated to people worldwide who love American muscle cars.

1:04.4

If you're buying, selling, restoring, even racing them, this is the place for you.

1:10.7

Now here's your host, Rob Kibby.

1:14.2

Yes, indeed, I am Rob Kibby, and welcome to the Muscle Car Place podcast.

1:17.7

Happy Independence Day, everybody.

1:19.3

This should release on July 1st, the kickoff of Independence Day weekend.

1:24.0

Also, my older sister's birthday.

1:25.6

Happy birthday to Jen.

1:26.7

Rick is here for the Ask Rick

1:28.0

segment. Yeah, we're going to kick off the second half of the year today in this show.

1:33.2

This is a good one for Rick. Every now and then he just feels the need to unload both barrels,

1:37.7

and he did. So this is a lesson in business, the economy parts, choosing classic cars,

...

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