Businesses are just sleeping, not dead

[X-Files]

They are enjoying a government paid extended holiday till they start up again.

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https://www.youtube.com/watch?v=SGyOaCXr8Lw

The economy is merely on pause.

 

[DesertDevil]

The economy is merely on pause.

Tell that to the thousands and thousands of small businesses that will never open back up after this.

 

[Doug]

Tell that to the thousands and thousands of small businesses that will never open back up after this.

right on, bro. it will never be the way as it was before

 

[DesertDevil]

right on, bro. it will never be the way as it was before

Redistribution of wealth. Again. Straight up the chain.

Big business survives. Small business goes bankrupt. Goodbye middle class.

The Giant Amazon's of the world continue to get fat. The beast keeps getting fed.

 

[X-Files]

"“We know we’re going to cause a recession when we shut down huge parts of the economy, and it’s the right thing to do. It’ll make us better off in the long run,” Shierholz said. “But we need to make sure households are as whole as possible, so we don’t start to see a whole wave of foreclosures, bankruptcies—all the things that don’t have to happen.

“Those things don’t have to happen,” she emphasized. “We have total control over that.”

https://www.theatlantic.com/politic...vastating-effects-jobs-and-businesses/608461/

 

[DesertDevil]

You have to have your head straight up your ass to not see what's going on here.

 

[X-Files]

And as unpopular as industry bailouts are, Bernstein said the government must step in to help both corporations and mom-and-pop shops. “Do we need Delta Air Lines to be alive on the other side of this? That’s one big question,” he explained. “But then do we need Joe’s Dry Cleaner around the corner to be there on the other side? And my view is we probably need both. I would err on the side of ensuring that businesses are held whole as possible.”

How quickly the economy can recover likely depends on time—how fast, and aggressively, Congress can act, and how long social distancing lasts.
The economists I spoke with all said that this economic free-fall was sharper than the financial crisis that sparked the Great Recession, but that because the government this time essentially turned the economy off like a light, the recovery needn’t be as long or slow. “So much of this depends on the effectiveness of the policy response,” a veteran Republican economist, Douglas Holtz-Eakin, told me. “I think we still have time. The clock’s ticking, though.”

https://www.theatlantic.com/politic...vastating-effects-jobs-and-businesses/608461/

 

[X-Files]

Tell that to the thousands and thousands of small businesses that will never open back up after this.

Time will tell if that happens or not. Both before COVID-19 existed & after there were/will be small businesses that fail & new small businesses that are created & succeed. In any case, my comment had to do with the economy as a whole, not individual parts of it which die & are created anew.

 

[THawk+]

Time will tell if that happens or not. Both before COVID-19 existed & after there were/will be small businesses that fail & new small businesses that are created & succeed. In any case, my comment had to do with the economy as a whole, not individual parts of it which die & are created anew.

You are a fucking moron. Can't think and never use your brain

 

[X-Files]

You are a fucking moron. Can't think and never use your brain

Thanks.

https://www.youtube.com/watch?v=xq-aTe77bkA

"Feds to cover up to 75% of small business salaries: Trudeau"

https://www.bnnbloomberg.ca/feds-to-cover-up-to-75-of-small-business-salaries-trudeau-1.1413442

What is Trump doing for small businesses in the US?

 

[X-Files]

Amazon & another company just said they're hiring hundreds of thousands of people. Mask making & research businesses will be booming.

In a while, if Armageddon doesn't occur, after the vast majority of people return to work (from their paid COVID-19 extended holidays) the economy will, as it always does, recover. Some businesses will fold, but other opportunities will open.

More will work from home, than would have if extreme measures weren't taken, which will serve to save lives. That is good for the economy.

Without the extreme ways that were implemented, the use of masks may never have been recommended for the general public. That would have led to more illness, long term health issues & deaths which are bad for the economy.

 

[X-Files]

"[h=1]President Trump Says He Will Back Loans To Small Businesses If Necessary"[/h]
https://www.barrons.com/articles/pr...-to-small-businesses-if-necessary-51586042534

 

[X-Files]

"[h=1]Trump says will ask Congress for more small business funds if money runs out"[/h]
https://nationalpost.com/pmn/health...more-small-business-funds-if-money-runs-out-2

 

[THawk+]

Lots of businesses have announced they are not going to open back up and are closing.

Can you tell me why any business would close now when they are getting all this money?

It is pretty simple if you actually own or owned a business.

How much or how long is this money going to help these businesses?

What do you think the biggest issue is for a small business when it opens back up?

Your opinion on these loans for a small business?

Please answer these questions, really want to see if you have any clue

 

[THawk+]

The real problem is not when they are shut down, it is when they can open back up and moving forward after this shut down.

These loans are useless for most small businesses as they only help when you are shut down.

What happens 3 months, 6 months, 10 months after this?

That is the real problem. Is the government going to give money for these businesses to run for the next X amount of months?
For one they will not have any capital to pay their bills down the line.
The economy is ground to a halt and will not be starting back up with a flip of the switch.

That is why they are not going to open back up, they can see the issues already.

They do not have the money to support them months down the line and will not have the money coming in
to support that.

That is the real problem and unless the government is going to give small business money to run for X amount of months after this
then it is going to be futile for them to even bother to reopen.