You have to be totally stupid to not see the positive impact that athletics have on the Missoula and Bozeman communities. A sold out Stadium brings in million of dollars every home game. Cutting the athletic dept. budget makes zero sense. Being more aggressive at attracting new students is the way to go!
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UM athletics and budget cuts - article
- Thread starter PlayerRep
- Start date
This whole shit show in Main Hall is just pathetic to watch. Can someone please explain what RE would have to do, or fail to do in order to be removed? What about his advisors and whoever else he's got holed up with him at the Finn and Porter every Sunday morning hashing the nitty gritty out over a delightful eggs benny and champagne brunch?!?!? Right now it seems as though the university is in dire straights, and lacking leadership capable of turning things around anytime soon!
I'm fine with looking at the athletic budget and having to justify it, but this guy Barrett, the Missoulian writer Keila S, and whoever wrote the headline appear to be idiots.
Since when is depreciation and student fees a "public subsidiary"? How dumb are they?
Keila seems to be a Gwen Floria want-a-be. I think she was tweeting away at the JJ trial.
Barrett is in his early 70's and must be way past his prime. That quote about students just playing football if they want is beyond stupid.
Barrett went to Swarthmore. Founded as Quaker school. 1500 students. Some very smart, but largely wimps. Dropped football in 2000. Were horrible beyond belief anyway. http://abcnews.go.com/Sports/story?id=100115&page=1
If this joker runs for office again, I'll be donating the max to his opponent.
Since when is depreciation and student fees a "public subsidiary"? How dumb are they?
Keila seems to be a Gwen Floria want-a-be. I think she was tweeting away at the JJ trial.
Barrett is in his early 70's and must be way past his prime. That quote about students just playing football if they want is beyond stupid.
Barrett went to Swarthmore. Founded as Quaker school. 1500 students. Some very smart, but largely wimps. Dropped football in 2000. Were horrible beyond belief anyway. http://abcnews.go.com/Sports/story?id=100115&page=1
If this joker runs for office again, I'll be donating the max to his opponent.
bigsky33 said:
Well while Barrett is a complete fool, the economic point he makes about dollars added is a valid one. Game days don't really create economic activity to the state. Sure they do for Missoula and Bozeman. But otherwise it's just redistribution of Montana dollars. Now, certainly those of us who come from out of state add dollars, but someone in Billings going to a game does not.
PlayerRep said:
Yes. Keila is the new Gwen.
EverettGriz said:
Game days sure do create economic activity. People drive more and use more gas, stop for more food, instead of staying in their town. People stay in motels, instead of sleeping in their houses. People go out to bars and restaurants and spend more money. People spend more entertainment dollars on the football game, as opposed to watching tv or going to a movie.
What a stupid statement you made. Some kind of economist you are.
PlayerRep said:
I think what he is trying to say is those dollars were going to be spent anyway, in one form or another...."locally " I see the point you are trying to make but what he is saying is the money spent wasn't likely going into a retirement account. Possible, but not likely. Taking a family to a movie isn't cheap anymore. Especially that damn popcorn.
signedbewildered said:
And what I just told you, is that the dollars are NOT going to be spent anyway. Read, and think, before you post. Taking a family to a movie is way less expensive than taking them to a Griz game. Again, think before you post, and say dumb things. Ha.
PlayerRep said:
So what would have happened to those dollars? (If they weren't spent on a Griz game?) A tin can that is buried in the yard that is forgotten about? Again, I see the point you are trying to make but factor out the out of state dollars and the rest of the money was likely going to be spent in Montana anyway.....by Montanans...on things we like to do. Sure it brings a lot of money to our community, but how much of that would have been spent in Montana regardless? Popcorn is a little more expensive than it was when Gone With The Wind first came out. Just so you know. Get with the times.
Before anyone replies just a reminder to think......BEFORE you post.....and say dumb things. You're welcome.
signedbewildered said:
If not spent at the Griz game (and an equal amount not spent the same day out of Missoula, and not as much spent by Missoulians), the money would not be spent that day, then, at that point, there would be no economic impact that day. The faster money is spent, the more of a positive economic impact it has.
"The faster money moves through the economy, the better. Higher monetary velocity should translate into stronger economic growth and more employment." http://www.kitco.com/ind/Brecht/2014-08-22-Money-Velocity-A-Measure-Of-Economic-Activity.html
The only value that business people have in RE's mind is to provide donations. I experienced this personally. He's a pure liberal academician. After retiring from an executive R&D career with a fortune 200 company with extensive international experience with research, contracts and research grants, I had a discussion with him suggesting ideas for increasing UM's grant take, and offered to provide any help (committees, consultation, etc.) I could provide. The only contacts from him were to solicit donations and none of the ideas saw the light of day. Any discussion of Griz football glazed his eyes...Umista said:
UMGriz75
Well-known member
The man is a walking bookmark, a doorstop. Nothing more. Any CEO who does not have a Strategic Plan in place by his third year should be fired. We are in year five without one. In any organizational culture, continuing failure that long and that extensive changes the problem from "a problem" to "a culture."kemajic said:
Other than wasting a few million dollars on a PR firm that appears to be completely inept, he has no idea what to do. None. The man is a blank slate; the blankest I have ever seen anywhere let alone UM.
UM has some terrific minds in its alumni; Engstrom doesn't know how to talk to them. He's taking it day-by-day hoping to get his $500,000 bonus from the BOR, and quick retirement.
UMGriz75
Well-known member
The Montana Kaimin, harking back to its radical days under David Rorvik, sees the budget cuts as an opportunity to attack the athletic department.
http://www.montanakaimin.com/opinion/editorial/article_ee9f8c68-97d0-11e5-9c07-0f8de610519f.html
Had similar overwrought words been written about, say, Black Studies, the Kaimin would have been calling it a "hate crime."
http://www.montanakaimin.com/opinion/editorial/article_ee9f8c68-97d0-11e5-9c07-0f8de610519f.html
Had similar overwrought words been written about, say, Black Studies, the Kaimin would have been calling it a "hate crime."
Signed gets it. PR needs to take Econ 001.
Games are great for the economies of Missoula and Bozeman. They do statistically little to alter the statewide economy. This is not only theoritically obvious to anyone with half a brain, but has been shown emperically in numerous studies.
Games are great for the economies of Missoula and Bozeman. They do statistically little to alter the statewide economy. This is not only theoritically obvious to anyone with half a brain, but has been shown emperically in numerous studies.
EverettGriz said:
Again, the pace at which money is spent impacts the economy. Money spent at and going to Griz and Cat games causes money to be spent faster. For example, Kem is spends alot more money driving from Columbus to attend a Griz game, than he spends if he stays home (or even goes to Billings for the day). The cost of a movie and popcorn is tiny compared to the activity of a Griz or Cat game. When money is spent faster, the gas station owner/worker, the hotel owner/worker, the local restaurant owner/worker, and even the game worker/usher/security/food/vendors make more money and thus have a chance to spend it faster, like the next day. If the money remains in a savings account or otherwise unspent, even for awhile, the economy doesn't get the immediate positive impact.
"The faster money moves through the economy, the better. Higher monetary velocity should translate into stronger economic growth and more employment." http://www.kitco.com/ind/Brecht/2014-08 ... ivity.html
In addition, where's the data supporting that money not spend at a Griz or Cat games stays in MT? If my family weren't buying expensive tiks and building our fall our Griz games, we'd be taking more warm-weather trips and spending out money out of MT.
Everett, you need to take Econ 202.
PlayerRep said:
Not to mention that the majority of large donations for bricks and mortar projects at Montana have come from people attending Montana athletics events. I'm pretty sure I could cover, using just the cash in my wallet, the donations to UM that Dick's Barrett is responsible for, including his own.
PR, you're out of your league here.
According to the Dept of Commerce BOEA report, Montana's monthly consumer savings rate is running about 5.1% (a little below national average). Whether consumer's discretionary money is spent on Griz or Cat games, it (or at least 95% of it) IS going to be spent, and the vast majority of it is certainly going to be spent in Montana.
And I didn't click your link, but I presume you're referencing the velocity of M1 vs M2. Yes, as any 3rd grader could tell you, the faster money is spent the greater the impact on the economy. But first, the amount spent is not great enough to be statistically significant. You need billions of dollars spent to even make velocity of money a relevant conversation. Economists don't even consider it a variable at the local level. Second, as noted above, the consumption rate on a monthly basis is 95%. So it's not as if Montanans are holding their cash long term. It's going right back into the economy within 30 days of receipt. The velocity argument is a nonstarter.
Yes, the argument that money not spent at games may be spent elsewhere is valid. But also small enough to be statistically insignificant. I don't think you realize the size of numbers we're talking necessary to impact a state's economy.
Do games impact Montana's economy. Sure. But the amount is minimal.
According to the Dept of Commerce BOEA report, Montana's monthly consumer savings rate is running about 5.1% (a little below national average). Whether consumer's discretionary money is spent on Griz or Cat games, it (or at least 95% of it) IS going to be spent, and the vast majority of it is certainly going to be spent in Montana.
And I didn't click your link, but I presume you're referencing the velocity of M1 vs M2. Yes, as any 3rd grader could tell you, the faster money is spent the greater the impact on the economy. But first, the amount spent is not great enough to be statistically significant. You need billions of dollars spent to even make velocity of money a relevant conversation. Economists don't even consider it a variable at the local level. Second, as noted above, the consumption rate on a monthly basis is 95%. So it's not as if Montanans are holding their cash long term. It's going right back into the economy within 30 days of receipt. The velocity argument is a nonstarter.
Yes, the argument that money not spent at games may be spent elsewhere is valid. But also small enough to be statistically insignificant. I don't think you realize the size of numbers we're talking necessary to impact a state's economy.
Do games impact Montana's economy. Sure. But the amount is minimal.
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