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California restaurant owner: ‘We’re in survival mode right now’

Restaurant owners in New York and California continue to suffer under heavy restrictions as lawmakers issue increasingly draconian edicts during the novel coronavirus pandemic.

A report from Fox News highlights the plight of some restaurant owners, who spoke out about their fear of closing business for good.

“We’re in survival mode right now. We’re just trying to stay afloat right now, we really don’t know what to do, said Chef Rodney Worth, who owns the Peasant and Pear in California.

Worth appeared on Fox News Friday for an interview about how his business is coping with California’s new lockdown.

“We’ve done everything they’ve said to do, and you know, people have spent thousands of dollars on tents, we have outside dining, we have the best sanitizer, we have training,” Worth said. But even so, businesses are struggling to earn enough to keep running while the state prohibits indoor dining services.

“We’re like dying a death by a thousand cuts right now,” he added. On top of it all, Worth said no one among his business associates and fellow restauranteurs has reported anyone in their restaurants contracting COVID.

“We have not had one case of COVID in our restaurants with 55 employees and all the restaurants near us, we haven’t heard of any cases of COVID at all.”

Watch:

His complaints have been echoed by other business owners fed up with the edicts of local lawmakers. In New York City, where the state has ordered restaurants to close their indoor dining rooms, a massive snowstorm has forced businesses to close their outdoor dining arrangements as well. The result is many of these restaurants aren’t serving customers or making money at all.

Melissa Fleischut, president and CEO of the New York State Restaurant Association, said Democratic Gov. Andrew Cuomo’s coronavirus policies have dealt a “huge blow” to the industry.

“This action will inevitably result in massive layoffs and vast closures right before the holidays,” Fleischut said. She characterized the closures as “unfair and devastating.”

“It will be the last straw for countless more restaurants and jobs,” said Andrew Rigie, executive director of the NYC Hospitality Alliance. “The restrictions begin on Monday with zero economic support for small businesses that are already struggling to survive.”

On top of it all, city officials have been unclear about what restaurants can and cannot do.

New York local officials on Thursday implemented a new rule preventing outdoor diners from permitting their customers to use indoor restrooms. The backlash from restaurant owners and their customers was so intense, officials were forced to reverse the policy. New York City mayor Bill de Blasio said on Friday the bathroom rule was “a mistake.”

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Barstool Sports founder launches fund to save small businesses since gov’t won’t get ‘off their a**’

Barstool Sports founder Dave Portnoy has launched an initiative to help keep struggling small businesses afloat as they continue to suffer from lockdowns, saying something has to be done since government won’t get “off their a**” and do something about it.

What are the details?

Portnoy, who has been on a
rampage against coronavirus restrictions, said in a video announcing his fund that he is going to put his money where his mouth is and donate $500,000 to what he has dubbed the “Barstool Fund.”

He admitted, “Is it the best plan? No. The best plan is the government getting of their a** and issuing relief, billions of dollars to these small business owners who are losing their livelihoods. That’s the solution. That’s the only solution really, but barring that, we’re going to do whatever we can.”

Portnoy noted that New York City recently banned indoor dining in response to COVID-19, saying, “How do you expect these people to survive? How are restaurants going to survive? They’re already on their last legs, and you’re pulling the plug on them. And nobody seems to care in the government—or at least they’re not doing anything acting like they care.”

The first recipient from the Barstool Fund is the owner of Borrelli’s in Long Island, whose son, Frankie Borrelli, is Portnoy’s cameraman.

The elder Borrelli has continued to pay his employees despite all of the government restrictions and lockdowns imposed, which Portnoy says is a requirement for anyone to receive approval.

Mr. Borrelli became choked up in reaction to the news, and said through tears that he would have had to close down in January without the help.

He told Portnoy in a video, “Dave, I really want to thank you for starting this fund. You don’t know what it means to us,” adding, “My staff, they have mortgages, families. You don’t know how many people you are helping.”

Anything else?

The Daily Wire reported that beyond the Barstool Fund, Portnoy plans to feature “small businesses on a fundraising platform for others to crowdfund for those businesses that The Barstool Fund cannot support on its own.”

In an update, Portnoy said that within just a few hours of his announcement he has seen an “overwhelming response” from individuals and major donors offering to contribute to the fund. He said he expects to have the funding site up Monday, and that Barstool also plans to offer businesses’ t-shirts available for sale and that those proceeds will also go directly to the fund’s recipients.

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Shoplifting In Grocery Stores On The Rise In The U.S.

As businesses and families struggle to get by in the aftermath of the government’s massive overreaction to the coronavirus scamdemic hoax, shoplifting in grocery stores has been spiking. This is a case where people are stealing food, not overpriced luxury goods.

America is well on its way to becoming a third world country thanks to people’s continual obedience to the state’s disastrous orders. As of right now, the statistics are bad, but they are expected to get a whole lot worse as the entire economy collapses in a heap.  More than 20 million Americans currently on some form of unemployment assistance.,  and some 54 million Americans are projected to struggle with hunger this year. This is an increase of 45% from the year prior, as noted by the USDA. And according to The Washington Postmore Americans are shoplifting for basic necessities at the grocery store more than ever before.

more than 20 million Americans currently on some form of unemployment assistance. As income disappears and families begin to experience hunger, the prevalence of shoplifting heightens, says a new report.

“We’re seeing an increase in low-impact crimes,” Jeff Zisner, chief executive of workplace security firm Aegis, told The Washington Post. “It’s not a whole lot of people going in, grabbing TVs and running out the front door. It’s a very different kind of crime—it’s people stealing consumables and items associated with children and babies.”

The Census Bureau also told The Washington Post that nearly 26 million adults reported not having enough food to eat as of mid-November, a record high.

Resources for food assistance programs are becoming sparse for those in need as well, which is another reason why Americans are turning to shoplifting. Meal shortages are on the horizon at major food banks across the country too, as federal funding is set to expire at the end of the month. In addition, food aid programs such as SNAP and WIC are being reduced. –Yahoo News

It won’t take many more restrictions or lockdown rules to plunge what used to be the world’s most abundant economy into a massive crash that we’ve never seen.  Get prepared now, if you aren’t already.  2021 is not going to be much easier for so many.

The post Shoplifting In Grocery Stores On The Rise In The U.S. first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Bill Gates: Bars & Restaurants Should Be Closed For 4-6 Months

Bill Gates will not give up the elitists’ dreams of devastating and permanently eliminating all small businesses. He’s now saying bars and restaurants should be closed for four to six months and that there will be no “return to normal” until 2022.

If, however, you’ve been paying attention, you know this is not about a virus and health. This is about the Great Reset and the total permanent enslavement of humanity by the very few.

James Corbett Breaks Down The Great Reset

They will not stop until we are so impoverished we give up everything we’ve worked for in the system they set up in order to get their vaccine and agree to life as a slave.  It’s become too obvious to ignore at this point.

According to a report by RT, the billionaire told CNN on Sunday that unless we help other countries get rid of this disease” and see “high vaccination rates” within the United States, the “risk of reintroduction” will be possible.  “Big public gatherings” should continue to be banned and most bars and restaurants around the country should sadly” be closed to curb infection rates, according to Gates. A real return to normal, he theorized, is possible only after 12 to 18 months “if we manage it well.”

Gates is one of those elitist tyrants who needs the population to willingly accept the vaccine. People can expect to start receiving the newly approved Pfizer vaccine as early as today, according to CDC Director Dr. Robert Redfield. But even these tyrants are concerned that people won’t take this rushed unnecessary vaccine.

Fauci: Take The Vaccine, Or Wear The Submission Muzzle Forever

Bill Gates: The U.S. Should “Brainstorm” Ways To Reduce “Vaccine Hesitancy”

Army General In Charge Of COVID-19 Vaccine Distribution Fears The Public Won’t Take It

The ruling class fears only one thing: The bulk of humanity finally standing up and saying “no. You have no power over me.”

 

The post Bill Gates: Bars & Restaurants Should Be Closed For 4-6 Months first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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GOLD WIPEOUT: Be Patient – GENERATIONAL BOTTOM!

Treasury Secretary Steve Mnuchin is being bombarded in the mainstream media by all of the MMT advocates for crippling the Federal Reserve’s programs, which seems to be tightening monetary policy. Jerome Powell was complaining that the Treasury is shutting down some of the lending facilities, but our analysis actually points towards this being a welcomed approach!

For one, these programs were failing. The most ridiculous one was the Small Business Lending Facility, which was a total flop. Think of the fact that for a bank to originate one such loan, it has to incur a $50,000 legal and administrative cost!

In other words, if I run a small business and need $30,000 to $40,000 to survive the coming few months, no bank will work with me. Instead, when calling banks, we’ve learned that these loans are designed to be about $5,000,000 at a minimum. Not only that, but the banks want to see that the business is growing and has healthy financials. I ask you this: which small business that’s on the brink of going under needs a $5,000,000 loan and has good economics?

This program is yet another example of how all bailouts – all government-led and central-bank-orchestrated programs – are always going to disproportionately help asset owners. If you have a mortgage, forbearance is allowed, but if you rent, you’ll pay (at some point) or get evicted. Investors who have fat 401(K)’s are hitting all-time highs in terms of million-dollar accounts. People, left and right, are getting free money, basically, courtesy of the next generation, which will be on the hook for all of it.

America is designed to help its equity owners first.

That’s the primary reason why this newsletter is focused on building wealth, being flexible, and zig-zagging as conditions change and fluctuate.

The goal is to understand the prevailing circumstances so that one can adapt to it, not with a gloom-and-doom mentality, but also not with the notion that “stocks only go up,” as the new mantra goes.

Courtesy: Zerohedge.com

As you can see, no one is shorting the S&P 500 anymore. It’s become dangerous to short the index because there’s an institutional bias by the central bank of the United States and by the administration to make sure the markets are green.

Steve Mnuchin wasn’t wrong to tell Jerome Powell to stop with these programs since they will add $454 billion to the Treasury Department, which is going to help mediate the incredible difference of opinion between the Democrat-led Heroes Act, which is a spending relief bill north of $2.2 trillion that the Republicans will never pass, and the Skinny Bill and the Heals Act, which the Republicans want but the Democrats object to.

ShtfPlan.com believes that if any bill is to be passed in the month of December, it will be something that is a re-branding of the Problem-Solver Caucus, which is in the neighborhood of $1.4 trillion.

Remember, there are many programs that expire at the end of December, including rental relief. If no stimulus bill is put into law, on January 2nd, the sheriff’s department in many states will be busy evicting. People on the street are not a good outcome for families that have been victimized by lockdowns and shutdowns, especially women and minorities.

If the Republicans win the Senate race in Georgia on January 5, 2021, the Democrats lose even more leverage over the size of the stimulus bill, so it’s in their best interest to haul ass and pass at least $1.4 trillion now!

The post GOLD WIPEOUT: Be Patient – GENERATIONAL BOTTOM! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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LAST CHANCE: INFLATION COMES NEXT!

This article was contributed by The Wealth Research Group.

Imagine having a rally car, like a smaller-category Ford Fiesta, on the starting line. Right next to it, imagine a semi-trailer truck, with more wheels, a much bigger engine, and more horsepower. Now, imagine that the little Ford Fiesta gets installed with the same engine as the semi-trailer, so they’re both racing with the same amount of horsepower. If they both press the pedal to the metal at the same moment, the Fiesta will fly out of the gate much more aggressively than the semi-trailer truck will.

Being more nimble and much lighter, it can race ahead much faster than its heavy opponent. Economic recessions make the velocity of currency stall. It makes it so that the semi-trailer and the tiny Fiesta hit a wall (semi-truck being a large business and Ford Fiesta representing a small business). Once the impact is felt, the survival rate of the truck driver is higher and the damage done to him is far less harmful than the fatal wounds inflicted upon the driver of the little Fiesta. If both survive, though, and are bailed out of the mess by fixing all of their issues, the first few seconds of the race will clearly be won by the Ford Fiesta since it’s built to shoot with speed from the starting line.

If the engineers feel that the damage to it was severe, they may over-repair it, installing an engine that doesn’t fit a small car, but a truck. They may have good intentions, but their error in judgment will lead to many issues down the road.

The pandemic was that wall. Both large businesses (semi-trailer trucks) and small businesses (Ford Fiesta rally cars) hit it simultaneously. Some trucks not only did not hit the wall but blasted through it, showing how strong they were (Amazon, Walmart, and other “shutdown winners”). Some smaller cars used that hole in the brick wall and passed through it, after the semi-trailers paved the way (Zoom, DocuSign, and the like). These not only did not get hurt by the recessionary wall; they got much stronger, since their competition totaled their cars, so to speak. Walls are not fair, nor are recessions. Some are able to go above them, under them, around them, or right through them, while others get wrecked. The pandemic wasn’t “fair” towards many businesses and it changed our world; no need denying that.

Because engineers, firefighters, mechanics, and rescue (governments and central banks) rushed to the scene immediately, the atmosphere of panic and disaster soon changed into hope and faith. Drivers imagined their cars going back on the road, better than ever (stock markets bounced fast in late March, rallied, and even entered euphoric valuations), all as cars were mostly still getting fixed, replaced, or totally renovated.

This metaphor is analogous to what has transpired thus far. The Republicans didn’t believe the wall was necessary, while the Democrats thought that this was one of the best ideas since the wall was put there, in order to stop the cars from potentially going over a cliff.

In the end, a few of the mechanics invented a seemingly great solution, a sensor that is aimed at clearing all future walls of this sort (vaccine), but many don’t trust the sensor and don’t want their vehicle to be wired with it. It’s important to remember that governments put the wall where it is. The wall represents the lockdowns and the shutdown.

To sum up our current situation, most cars (both large and small businesses) are in the final stages of getting their oil changed and their tires pumped with air; they’re almost ready to hit the road again.

From the point of standing still, the smaller cars obviously are better suited to get a better start. These “cars” are metaphorical to cyclical businesses, such as commodities, banks, and other industries, which were most hit and now have fresh legs, like hospitality, tourism, and retail stores.

These drivers haven’t been on the road in so long that they may push the gas pedal too much (an analogy for inflation).

2021 is not the reflation year; it is the inflation year and the starting gun will be the 2nd stimulus plan, which we expect to be announced in December, but more likely in January.

Right now, speculators can conjure up any scenario they want, but anyone who has ever seen what happens when the police stop traffic and then start it up again knows that they race out of there.

I expect inflation. I expect the next few weeks to feel like a double-dip recession, but come March, I expect gold to go north, north, north.

The post LAST CHANCE: INFLATION COMES NEXT! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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They Are STILL LYING About COIVD-19 Numbers!

The powers-that-shouldn’t -be are still lying about the COVID-19 numbers six months after the initial fear-mongering began. Now there are reports that Nashville “officials” concealed the low infection rates coming out of bars and restaurants.

The panic and fear have subsided a lot, yet we are still told to mask up to prevent the spread of a virus that isn’t deadly at all. Even with all the information and continual reports that the ruling class lied repeatedly, people are still not getting it. It’s way past time to wake up to this hoax.

CDC & Fauci CONFIRM: COVID-19 Scamdemic Was A HOAX!

Now, new reports show that leaked emails between the senior adviser to Nashville’s Mayor and a health department official reveal a disturbing effort to conceal extremely low coronavirus cases emanating from bars and restaurants, while the lion’s share of infections occurred in nursing homes and construction workers, according to WZTV Nashville. So why were bars and restaurants shut down? It’s a culling of the middle class. But we already know this.

On June 30th, contact tracing was giving a small view of coronavirus clusters. Construction and nursing homes causing problems more than a thousand cases traced to each category, but bars and restaurants reported just 22 cases.

Leslie Waller from the health department asks “This isn’t going to be publicly released, right? Just info for Mayor’s Office?

Correct, not for public consumption.” Writes senior advisor Benjamin Eagles. –WZTV

Four weeks later, Tennessean reporter Nate Rau asked the health department: “the figure you gave of “more than 80” does lead to a natural question: If there have been over 20,000 positive cases of COVID-19 in Davidson and only 80 or so are traced to restaurants and bars, doesn’t that mean restaurants and bars aren’t a very big problem?

To which health department official Brian Todd scrambled for an answer – asking five health department officials: “Please advise how you respond. BT.”

The response – from an official whose name was omitted from the leaked email: “My two cents. We have certainly refused to give counts per bar because those numbers are low per site,” adding “We could still release the total though, and then a response to the over 80 could be “because that number is increasing all the time and we don’t want to say a specific number.”” ZeroHedge

According to a metro staff attorney, who was asked by city councilmember Steve Glover to verify the authenticity of the emails, “I was able to get verification from the Mayor’s Office and the Department of Health that these emails are real.” Glover told WZTV: “They are fabricating information. They’ve blown there entire credibility Dennis. It’s gone I don’t trust a thing they say going forward …nothing.”

Glover says he has been contacted by an endless stream of downtown bartenders, waitresses, and restaurant owners. Why would they not release these numbers?

We raised taxes 34 percent and put hundreds literally thousands of people out of work that are now worried about losing their homes their apartments etcetera and we did it on bogus data. That should be illegal!” he says.

Again, we weren’t told by the mayor’s office this wasn’t true. We were told to file a freedom of information act request. –WZTV

This entire debacle was a sam from beginning to now. The problem is when people figure out this was a scam to bring in the New World Order, those who seek power over peole will likely pull another stunt. Keep your eyes open.  It’s hard to say for sure, but this doesn’t feel “over” yet.

 

The post They Are STILL LYING About COIVD-19 Numbers! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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A majority of COVID-19 lockdown business closures are permanent, according to Yelp data

Six months into the economic disruption of COVID-19 in the United States, Yelp has found that more than 60% of business closures that have occurred since March 1 have become permanent, CNBC reported.

Breaking down the numbers

From March 1 through Aug. 31, 163,735 businesses have changed their status to reflect closures on Yelp, one of the world’s most popular online business directories. That represents a 23% increase in closures since mid-July, indicating that while the health impact of the virus may be lessening in some places, the business impact is still severe.

Of those 163,735 businesses, 97,966 of them have been marked as permanently closed — nearly 60%. That number of permanent closures is a 34% increase since mid-July.

The peak number of closures Yelp tracked was early in the pandemic when the total number was about 180,000.

Hardest-hit industries

The restaurant industry has been the hardest-hit during the pandemic. As of Aug. 31, 32,109 restaurants had closed, according to Yelp data. Of those closures, 61% have become permanent. Many places, even New York City, are now allowing for indoor dining services, but capacity limitations can make it difficult for some restaurants to make ends meet.

The retail industry has seen 30,374 closures, with 58% of those being permanent. That’s a 10% increase in permanent closures since July.

Some places have gone through multiple rounds of lockdown restrictions, and the burden caused by those lockdowns led many business owners to determine that it was not worth trying to continue business under the new conditions.

“We did everything we were supposed to do,” said Mick Larkin, owner of a karaoke club in Wichita Falls, Texas. “When [Texas Gov. Greg Abbott] shut us down again, and after I put out all that money to meet their rules, I just said, ‘I can’t keep doing this.'”

Impact in different locations

States that rely heavily on tourism, such as Hawaii and California, have suffered the most during the pandemic. In terms of closures per capita, Hawaii and California have been hurt the most, followed by Nevada, Arizona, and Washington state.

Large cities saw higher rates of closure than small cities and towns. Los Angeles and New York City led the way with 15,000 and 11,000 closures, respectively. Half of Los Angeles’ closures are permanent, as are 63% of New York City’s.

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There Is NO RECOVERY In Sight, And It’s All Engineered This Way

This economic crash was designed, and the purpose of the lockdowns worked perfectly: to kill small businesses and impoverish the masses. It was all engineered this way by the political puppets and there is not going to be a recovery.

There may be a “new system” if Americans are stupid enough to allow it, however, there will be no recovery.  If we are smart, once this system crashes and burns, we won’t replace it with another system at all. “We know the agenda and we understand what they are trying to pull off here,” says Gregory Mannarino in his latest video. “These subhuman individuals must lie,” he says of the Federal Reserve banking cartel hellbent on world domination as they intentionally destroy as many people as possible.

“It’s insulting because [The Federal Reserve] believes that we are stupid,” adds Mannarino.  Some are, as we have been dumbed down on purpose, but Americans are waking up at an alarming rate. The more the bankers try to control and crash the dollar, the more people will awaken to the chains around their necks and begin to live freely away from this rigged slave system.

“They’re trying to manipulate your mind because they think you’re stupid,” said Mannarino. This is what happens when things are this sick and this twisted. “These characters are going to continue to lie to you on an epic scale. It’s just the norm these days, the lies, the corruption, the propaganda, the misinformation, the misleading of the people on a scale that I don’t think we’ve ever seen before. And that just plays right into the New World Order, this New America.”

We are in a terrible situation. The only way out is to recognize it and reject the digital dollar. We know it’s coming. We know all transactions will be tracked, traced, and shut off at will, wholly centralized in the hands of the elitists and used as the new chains around our necks.

When this system falls, what do we replace it with? Well, if you cut out cancer, what do you replace it with? There’s your answer. Live free. Some fates are worse than death.

 

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According To A Shocking New Survey, 52% Of Small Businesses “Expect To Be Out Of Business Within Six Months”

Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now.  Yes, many states are attempting to “reopen”, but in most cases it will be a multi-stage process that takes many months to complete.  Meanwhile, fear of COVID-19 is going to keep many Americans from conducting business as usual even after all of the restrictions have been finally lifted.  Even now, many of the stores, restaurants and movie theaters that have reopened are seeing very, very few customers.  Unfortunately, millions of small businesses are not going to be able to survive in such a depressed economic environment for very long.

In America today, the rules of the game are slanted very heavily in favor of huge corporations and are slanted very heavily against small businesses.

It has been this way for years, but millions of small business owners just kept soldiering on because they wanted to work for themselves and not some corporate behemoth.

But for most small businesses things have never been easy.  For most of them, it is usually such a struggle to try to eke out a very meager profit at the end of the month after covering expenses and payroll.  But now COVID-19 has come along, and many small businesses haven’t had any revenue for weeks.

The good news is that the lockdowns are starting to end, but the bad news is that many small business owners are facing a “new normal” in which their monthly revenues will be down by 30, 40 or 50 percent (or more).  All of a sudden many small businesses that were once barely profitable have been transformed into businesses that are bleeding a lot of cash each month, and many of them simply are not going to make it.

It was always obvious that this pandemic would kill a lot of those businesses, but the true scope of the problem wasn’t apparent until now.  According to Bloomberg, a survey that was just conducted found that 52 percent of U.S. small business owners “expect to be out of business within six months”…

COVID-19 could shutter most American small businesses.

That’s according to a new survey from the Society for Human Resource Management which found that 52% expect to be out of business within six months. The survey of 375 firms was conducted between April 15-21 and doesn’t account for improved business conditions as some U.S. states reopen this month.

Yes, the big corporate giants dominate our society today, but there are still lots and lots of small businesses out there.

Ultimately, we are talking about millions upon millions of businesses that are about to be destroyed

“SHRM has tracked Covid-19’s impact on work, workers, and the workplace for months,” said SHRM Chief Executive Officer Johnny C. Taylor, Jr., “but these might be the most alarming findings to date. Small business is truly the backbone of our economy. So, when half say they’re worried about being wiped out, let’s remember: We’re talking about roughly 14 million businesses.”

Around the country, governors can choose to end the lockdowns, but they can’t order customers to go out and spend money.

And considering the fact that more than 30 million Americans have lost their jobs over the last six weeks, a lot of them don’t have money to spend anyway.

But even if everyone was still working, there is a large segment of the population that will simply be afraid to venture into public places as long as this pandemic is going on.

If you doubt this, just consider what we are witnessing in Texas.  Reuters sent a reporter to one of the most popular malls in Austin, and what that reporter discovered is quite sobering

A dozen or so people were strolling about the sprawling open-air shopping center Monday afternoon, with three seated on the patio of a Tex-Mex restaurant. Only one shopper wore a mask, and the loudest noises were from songbirds perched in the live oak trees along the deserted pedestrian thoroughfares.

“I’ve seen one customer today – they didn’t buy anything,” said Taylor Jund, who was keeping watch over an empty Chaser clothing store. “There’s absolutely no one coming around here.”

If even 20 percent of customers stay away for the foreseeable future, that is going to be enough to kill millions of small businesses.

So the truth is that we are facing a major national crisis.

A while back, Congress passed a bill that was supposed to help small businesses survive the lockdowns, but as I mentioned in a previous article it looks like that program has been a massive failure

According to the CNBC/SurveyMonkey Small Business Survey released Monday, which surveyed 2,200 small business owners across America, while the $660 billion Paycheck Protection Program was instituted to give them a lifeline through the coronavirus and economic shutdown, only 13% of the 45% who applied for the PPP were approved.

We really are caught in a downward spiral now.  We desperately need to get Americans back to work so that they can start earning paychecks again, but with so few customers right now, businesses will continue to lay off even more workers in the weeks and months ahead.

Meanwhile, the cost of living is actually going up.  Thanks to the ongoing meat shortages, fresh meat prices are escalating quite rapidly

Fresh meat prices escalated 8.1% in stores, compared to the same period last year, according to Nielsen data for the week ending April 25.

Experts expect prices to skyrocket in the coming weeks, as meat processing plants across the U.S. are forced to close due to the coronavirus pandemic. Pork and beef prices could increase by as much as 20% compared to 2019, according to a new report from CoBank, a cooperative bank that is part of the Farm Credit System.

The economic collapse that so many have been warning about is here, and it is going to continue whether there are lockdowns or not.

Yes, there will be ups and down ahead, and there will be moments of legitimate optimism.

But nobody is going to be able to stop the process that has now begun, and economic conditions will ultimately become far worse than most Americans would dare to imagine.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

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Nearly half of all US small businesses could close permanently this year due to coronavirus

More than 40% of small businesses in the United States may be forced to file for bankruptcy and permanently close because of the economic harm caused by the coronavirus lockdown policies across the country, according to The New York Times.

The statistic comes from a poll conducted by the U.S. Chamber of Commerce, which surveyed about 500 small business owners in late March, just a few weeks after COVID-19 lockdowns became widespread.

According to the poll, 43% of small businesses reported that they were three to six months away from having to permanently shut down. More urgently, 24% of small businesses said they were two months or less from permanently closing because of the coronavirus-related economic downturn.

The primary causes business owners cited for their struggles were shortened hours of operation, temporary closing, and adjustments to salaries or hours for employees. In the more than one month since that survey was conducted, conditions have not improved for most businesses as government-imposed coronavirus restrictions persist in many states.

“It’s a crisis that will impact our economy for generations. We’re going to lose so much of the small-business sector,” said Amanda Ballantyne, executive director of Main Street Alliance, according to NYT.

The April jobs report will be released on Thursday this week, and is expected to provide the most complete picture so far of the economic consequences of coronavirus mitigation efforts.

Economists estimate that unemployment could hit 16.1%, and that the economy may have lost 22 million non-farm payroll jobs, which, according to The Wall Street Journal, is “the equivalent of eliminating every job created in the past decade.”

The true scope of unemployment could be even more severe, however, with a WSJ self-reported survey of 18-to-64-year-olds indicating that as many as 34 million jobs have been lost since mid-March.

Some states have begun allowing certain businesses to open with limited capacity in areas of the country that have been less impacted by COVID-19, however, it could be months before a potential return to normal, depending on how the pandemic progresses and whether the cooler weather in the fall and winter brings a new surge.

(H/T The Daily Wire)

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Trump admin denies COVID-19 relief funds for Planned Parenthood — the money is for small businesses, not for ‘funding abortion’

The Trump administration has made sure that no funds from the Paycheck Protection Program, which is designed to aid small businesses hurt by the COVID-19 shutdowns, will go to the nation’s largest abortion provider, Planned Parenthood.

A senior administration official confirmed the news to Daily Signal on Wednesday, saying, “President Trump is committed to ensuring Paycheck Protection Program money is used for saving jobs at small businesses, not getting the government into the business of funding abortion.”

“While not all Americans share President Trump’s pro-life beliefs, there is broad bipartisan support for the idea that American taxpayers should not have to fund abortion,” the official added.

Included in the historic $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act — also known as the CARES Act — passed late last month, the PPP provided $349 billion in relief for small businesses. Under the fund’s guidelines, businesses with fewer than 500 employees could apply for a forgivable loan if they retained their employees. After the fund ran out of money in mid-April, Congress approved an additional $310 billion in new funding.

Due to Planned Parenthood’s size, it was already excluded by the Small Business Administration, the organization that oversees the loan program.

“The SB in SBA is for ‘small business,'” the official said. “So SBA has regulations called ‘affiliation rules’ to define when small employers might be so closely affiliated with a parent organization that they should be considered one large employer.”

The clarification was necessary, however, because while Planned Parenthood employs over 16,000 people nationwide, the organization operates affiliate networks, each of which has fewer than 500 employees.

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Coronavirus Intelwars Paycheck protection program ppp small business small business administration

Here are the 15 largest public companies helping drain hundreds of millions of bailout dollars meant for small businesses

When Congress passed and President Donald Trump signed the $2.2 trillion coronavirus stimulus package, one of the highlights touted by all sides was the Paycheck Protection Program.

The $349 billion PPP emergency funding was designed to help our country’s small smallest businesses stay open — think mom-and-pop shops — and help curtail massive nationwide layoffs. The program lets the Small Business Administration give loans to U.S. companies that can be forgiven, provided the companies retain their staff on payroll through June. Businesses with more than 500 employees are not eligible.

The fund ran dry in a matter of days.

A new report from Morgan Stanley revealed Tuesday that nearly $250 million was allocated to large, publicly traded companies. One of those companies, Shake Shack, returned the $10 million it received under the PPP after public outcry. The Associated Press added that at least 94 companies that received PPP aid were publicly traded. The AP said those companies, or their subsidiaries, got a combined $365 million in low-interest, taxpayer-backed loans.

The 40 biggest companies listed by Morgan Stanley that received PPP loans had market values ranging from $6 million to $405 million.

Here are the 15 biggest companies that took PPP loans ranked by worth, as revealed by Morgan Stanley.

No. 1: DMC Global
? Market value: $405 million

? Loan amount: $6.7 million

No. 2: Wave Life Sciences
? Market value: $286 million

? Loan amount: $7.2 million

No. 3: MannKind
? Market value: $273 million

? Loan amount: $4.9 million

No. 4: Lindblad Expeditions
? Market value: $264 million

? Loan amount: $6.6 million

No. 5: Legacy Housing
? Market value: $229 million

? Loan amount: $6.5 million

No. 6: Misonix
? Market value: $198 million

? Loan amount: $5.2 million

No. 7: Digimarc
? Market value: $192 million

? Loan amount: $5 million

No. 8: Fiesta Restaurant
? Market value: $189 million

? Loan amount: $10 million

No. 9: OptiNose
? Market value: $180 million

? Loan amount: $4.4 million

No. 10: Quantum Corp.
? Market value: $151 million

? Loan amount: $10 million

No. 11: New Age Beverages
? Market value: $137 million

? Loan amount: $6.9 million

No. 12: Aquestive Therapeutics
? Market value: $122 million

? Loan amount: $4.8 million

No. 13: Escalade
? Market value: $104 million

? Loan amount: $5.6 million

No. 14: ZAGG
? Market value: $101 million

? Loan amount: $9.4 million

No. 15: Veritone
? Market value: $101 million

? Loan amount: $6.5 million

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Coronavirus Coronavirus bill Coronavirus legislation Coronavirus relief Dagan mcdowell Intelwars small business small business administration

‘There is shame to go around!’ — Dagen McDowell excoriates Democrats for small business relief debacle

Dagen McDowell went into an impassioned rant against Democrats who were claiming that the coronavirus stimulus funds were being funneled into red states and not helping Democrat majority states.

She made the comments on “The Five” on Monday after Dana Perino asked her about the delay in a new round of funding for the bill in relief for small businesses.

“These are people, these are family businesses that are flat on their backs, and these people don’t know how they’re going to stay open because the Democrats were playing politics with a reload and a refresh and a refill of this small business paycheck protection program,” said McDowell.

“Seven days before that program ran out of money, [Senate Majority Leader] Mitch McConnell (R-Ky.) put in front of the Democrats a 25 line bill just for the money. And what did they do? They dragged their feet,” she said.

“So any time any one of these Democrats ever says ‘small businesses’ and they’re gonna tell you how important they are to the fabric of America, those two words should be preceded with ‘go to hell small businesses!’ ‘cuz that’s that you did!” he exclaimed.

‘I got a steaming pile of horse manure’

McDowell then addressed the accusations from Democrats like Rep. Jackie Speier of California that Trump was helping red states more than blue states.

“And now they’re trying to turn it on the Republicans, the Democrats are, talkin’ about, ‘why did the blue states not get as many loans filled as some of the red states did?’ You know why? Because that’s where the big banks were, and they deserve a lot of the blame as well, because Wells Fargo made what, a hundred, about a hundred and twenty million dollars in loans out of a $350 billion program?” she asked rhetorically.

“Those big banks, Bank of America, J.P. Morgan, they slow walked these loans for the first ten days of the program when they shoulda been stepping up like the community banks,” she said.

“There is shame to go around,” concluded McDowell, “and I got a steaming pile of horse manure they can all jump in!”

Co-host Dana Perino pointed out that the deal lawmakers are likely to reach is not substantively different from one weeks ago, meaning that politicians were “playing politics” for no reason while Americans suffered.

McDowell also responded to the accusations from Speier directly on Twitter.

“You should be PRAISING the small community banks for hustling + doing the right thing!” she tweeted.

Here’s the video of McDowell’s response on “The Five”:


‘The Five’ condemns partisan politics holding up small business funding

www.youtube.com

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Coronavirus recovery Coronavirus relief Coronavirus response Donald Trump Intelwars Jackie Speier small business small business administration trump

‘I smell a rat with orange hair’ — Democrat accuses Trump of cheating blue states for coronavirus funds

Democratic Rep. Jackie Speier of California accused President Donald Trump of intentionally cheating blue states out of financial aid from the coronavirus relief bill.

Speier tweeted a link to a report that showed where more of the relief ended up.

“I’m hard pressed not to think that this is political. Blue states like California got a pathetic number of loans issued. Nebraska got nearly 75% of loans requested,” Speier tweeted.

“I smell a rat with orange hair,” she added.

The report from Bloomberg News showed an infographic that indicated little of the relief went to states like California or New York, which are both heavily democratic.

During the first 13 days of the federal government’s small-business rescue program, the spigot was wide open in Nebraska. Firms there got enough money to cover 82% of the state’s eligible payrolls. It was a different picture in New York and California, where companies did only half as well.

The report noted that the relief addressed the fewest percentage of eligible payrolls in Washington D.C. and California, while the greatest percentage of eligible payrolls were addressed in Nebraska, North Dakota, and Kansas.

California Gov. Gavin Newsom was asked about the disparity during a media briefing.

“We’re trying to understand exactly why,” he said.

Republicans are working to refund the rescue plan in order to help more businesses, but their efforts have been stymied by Democrats who wish to use the opportunity to push for other demands.

Here’s more about the coronavirus relief bill:


Small business coronavirus relief program runs out of money

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Businesses Coronavirus CORRUPTION COVID-19 death certificates democide economy crash failures Fear Government Headline News hospitals Intelwars LIES Mainstream media Medicare mislabeling deaths overreaction Paying scamdemic small business Ventilator

Exposed: Lies, Corruption, & Pay To Keep The Public In a Fear-Induced Panic For Ultimate Control

GOOGLE Is Doing Whatever It Can to De-Monetize us And Shadow-Ban us. During these TOUGH financial times, we ASPIRE to stay completely independent and pay our full staff, so we can continue to deliver VALUE to you. It is possible for you to HELP us, by supporting our COVID-19 expert survival report HERE!

Thank You, ShtfPlan.com Staff

The ruling class and elitists of the planet are lying to our faces! Even by their own numbers, this COVID-19 pandemic doesn’t qualify for the massive response.  Hospitals have now exposed that the government is paying them more to put patients on ventilators, whether they need it or not.

This has become a controlling scam-demic.  Anyone with the smallest ability to read even mainstream media’s reports of the statistics should have known that the powers that shouldn’t be are trying their hardest to induce fear to take ultimate control over our lives. Several doctors have spoken up about how the government demanded they bump up the number of deaths by mislabeling death certificates, and more continue to speak out.

BOMBSHELL: MN Senator Reveals HHS “Coaching Document” On How To OVERCOUNT Coronavirus Cases

Another COVID-19 Whistleblower: A Montana Dr. Says Government Is Drastically Overstating Deaths

Dr. Scott Jensen was one of the first to speak out. In addition to saying the government is encouraging hospitals to record all deaths as COVID-19 deaths, he says they are also paying hospitals to overexaggerate the entire outbreak.

“Right now Medicare is determining that if you have a COVID-19 admission to the hospital you get $13,000. If that COVID-19 patient goes on a ventilator you get $39,000, three times as much. Nobody can tell me after 35 years in the world of medicine that sometimes those kinds of things impact on what we do.”

This is absolutely bone-chilling.

This lockdown is not in the best interests of anyone other than those issuing the orders. On a positive note, the lockdown will end when the public finally stands up and says “no. We will not obey your orders for us to lose everything.”

While people can debate the statistics all day, the truth is in the government’s reaction. Now that we all know they are lying and they put most of humanity on house arrest for weeks and forced millions into poverty, we have the power to stand up and end the lockdown on our own. It’s time.

It’s Time To Push Back Against The Draconian Lockdowns And Tyranny

They Don’t Want You to Know the Truth Or Be Exposed To Differing Opinions

The politicians that locked us up as prisoners need to know that they don’t have the power to remove our livelihoods.  They need to know they have no power because we won’t obey their commands any longer.  Never in the history of humanity has there been such a disastrous reaction by governments over a simple viral outbreak. We are living under the oppressive boot of tyranny and it won’t end until we all say “enough” and return to our lives.

GOOGLE Is Doing Whatever It Can to De-Monetize us And Shadow-Ban us. During these TOUGH financial times, we ASPIRE to stay completely independent and pay our full staff, so we can continue to deliver VALUE to you. It is possible for you to HELP us, by supporting our COVID-19 expert survival report HERE!

Thank You, ShtfPlan.com Staff

 

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2008 2009 2010 Bankruptcies bankruptcy Businesses Coronavirus Coronavirus america Coronavirus economy COVID-19 Economic fallout Economy great recession Intelwars small business unemployment

Economists predicting coronavirus pandemic will lead to more bankruptcies than the Great Recession: report

The coronavirus pandemic that has infected more than 500,000 Americans and killed over 20,000 is also expected to result in more bankruptcies than the Great Recession did from 2008-2010, the Washington Examiner reports.

In conversation with the Examiner, Desmond Lachman, an economist at the American Enterprise Institute, said, “The assumption is that whatever happened in 2008 to 2009 in terms of bankruptcies, this is going to be worse. So you’ve got to brace yourself for the whole wave of bankruptcies.”

Aaron Klein, a fellow of economic studies at the Brookings Institution, argued similarly that the expectation is that things will be worse this time around, though he said his predictions are largely dependent on when American society returns to normal.

“You tell me when baseball starts and I’ll tell you [if we exceed Great Recession bankruptcies]. If baseball resumes on June 1, maybe not; if baseball resumes around the All-Star break, then maybe. If there is no season, definitely,” Klein said.

The number of bankruptcies, both personal and corporate, soared to over 1.5 million in 2010 as a result of the financial crisis that began in the years prior. That number rose from 1.4 million bankruptcies filed in 2009 and 1.1 million in 2008, according to the Administrative Office of the U.S. Courts.

Early indications show that America is set for a similar trajectory as a result of statewide lockdowns and subsequent business closures amid the COVID-19 outbreak.

Bloomberg News reported on Friday that new research by economists at three federal reserve banks predicted coronavirus-related bankruptcies could reach 1 million by the end of the year. That figure could easily be surpassed “because the economy could deteriorate more than what we assume,” acknowledged one of the economists.

In the article, another economist, Edward Altman, the professor emeritus at New York University’s Stern School of Business, warned that even if rates don’t surge past Great Recession totals, dollar amount totals will.

“Whether it’s corporate bankruptcies or personal, this is unprecedented,” Altman, who is known for developing Z-score, a widely used method for predicting business failures. “We will break the record in dollar amounts because there are much greater amounts of debt outstanding now than in any prior downturn.”

The economic fallout from the coronavirus pandemic has already surpassed that of the Great Recession in some areas.

Take job losses, for an example. As of the week ending on April 4, nearly 17 million Americans had filed unemployment claims as lockdown measures forced countless businesses to furlough or lay off employees.

“Job losses totaled 8.7 million for the entire Great Recession,” the Washington Examiner notes.

The hit on small businesses has also been harder. The Financial Times reported that over 630,000 small businesses have been forced to close their doors — though hopefully not permanently — since the start of the outbreak in the U.S. Compare that to the 170,000 that closed their doors between 2008 and 2010.

Additionally, according to polling by the U.S. Chamber of Commerce, one-quarter of small businesses say they are less than eight weeks away from having to close permanently.

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economic crash Economy Emergency Preparedness government killed small business Headline News health care professionals Intelwars lost lives lost livlihoods money panic propaganda Reopen Shutdown small business unemployment

Almost HALF of Small Business Will Close If They Cannot Reopen Soon

In a new survey of small business owners, almost half (43%) say their livelihood is on the line and they are going to be forced to close permanently if they cannot resume normal activities soon. One in 10 (11%) are less than one month away from permanently going out of business thanks to the government’s response to the coronavirus outbreak.

Additionally, about one in four (24%) small businesses have already shut down temporarily in response to the government’s demands to do so during the COVID-19 panic and overreaction. Among those that have not, 40% say they are likely to close at least temporarily within the next two weeks. This means a total of 54% of all small businesses report that they have closed or expect to close temporarily in the next 14 days.

When asked what proposals might offer the most relief, small businesses indicated support for three key provisions included in the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act:

  • 56% of small business say direct cash payments to Americans would be the most helpful form of aid from the government,
  • followed by loans and financial aid (30%), and
  • suspending payroll taxes (21%).

“As the poll results show, small business owners are looking for loans and financial aid to ensure they do not have to shut their doors or go bankrupt because of the coronavirus. American banks are ready to help, but they need clear guidelines from the Administration,” said Neil Bradley, chief policy officer at the U.S Chamber of Commerce. “American banks will be on the front lines to help businesses survive during this pandemic.”

The biggest help will come in the form of being allowed to reopen and conduct business as they had done.  Getting the economy up and running again is going to go the furthest when it comes to saving lives and helping people. At this point, the statistics of the outbreak provided by healthcare professionals no longer support a lockdown, economic shutdown, and the ramifications that have already followed. The government’s overreaction has done more harm than good.

Dr. Ron Paul On Coronavirus Panic: The Real Danger “Is The Government’s Overreaction”

Some small businesses still feel optimistic, however, according to the survey reported by U.S. Chamber. Almost one in four (23%) small business owners expect to hire in the next year.

As a society, we need to do right by those who offer services and get them reopened and return our lives to normal; before the authoritarian government takeover.  This pandemic is not the problem and has not been the problem for the past month.  The problem is the government’s response to it and the subsequent obedience of many Americans thanks to their own fears pushed down their throats by the mainstream media.  Far too many have been inclined to comply with the government’s commands to their own detriment and the fallout is going to be something we have never seen.

The sooner the government backs off the economic shutdown, the better this will be for everyone.

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ba banks Coronavirus COVID-19 Dallas Mavericks Daytime tv Economy Employees Intelwars loans Mark Cuban Meghan McCain NBA Payroll President Donald Trump Relief Sara haines Shark Tank small business Small loan Sunny Hostin The View Video Videos Whoopi Goldberg Youtube.com

Sunny Hostin tries to bait Mark Cuban into Trump-bashing while on ‘The View’ — but Cuban won’t do it: ‘I’m not gonna throw him under the bus’

Sunny Hostin, co-host on “The View,” attempted to bait billionaire Mark Cuban three times into attacking President Donald Trump over his COVID-19 response.

Three times, Cuban refused.

What are the details?

Cuban appeared via video on Tuesday’s broadcast to discuss the coronavirus pandemic gripping the U.S. and the rest of the world.

“You know, in January, though, experts were raising the alarm about the coronavirus to President Trump, and some say that his refusal to respond quickly, efficiently, appropriately enough cost lives, American lives,” she said. “What are your thoughts about his leadership during the pandemic?”

Cuban responded by saying he believed the president was doing the best of his ability.

“You know,” he began, “I’m not a fan of President Trump, but I’m not going to rip on him either, because any senator could have stood up and said something and screamed loud. Any congressperson could have. I mean, nobody did. I didn’t have high expectations from President Trump, but I’m not going to throw him under the bus.”


Mark Cuban Shares What Worries Him Most About Pandemic | The View

www.youtube.com

When it was clear that Hostin wasn’t getting what she was looking for, she attempted a more direct approach.

“Trump’s approval ratings match his all-time high — 49% — the highest mark since he’s been in office,” she said. “Are we underestimating how Americans are viewing his handling of this crisis?”

Cuban was unmoved.

“No,” he responded. “You know, he’s doing the best he can, and here’s what I’ll say, and I’m not a fan of his, but what’s real is real. When you have imperfect information, you make imperfect decisions. We’re not in a ready, aim, fire mode. That makes it tough. No matter what he did, it’s going to be wrong for some people.”

Hostin, determined, attempted one last time to encourage Cuban to attack Trump.

“Mark, you know, many people are calling Governor Cuomo ‘President Cuomo’ at this point for the way he’s leading New York state during this pandemic, but President Trump berated him saying, he needs to do more … Is this how President Trump should be spending his time?” she asked. “Criticizing the governor of one of the hardest hit states?”

Although he agreed personal attacks were unnecessary, Cuban reiterated a third time that he would not take the bait.

“There’s no good reason just to rip on, you know, I’m ripping on politicians generically, but the decisions that have been made particularly from the president, he is who he is. I’m not just going to stand around and tear him apart,” Cuban insisted. “President Trump can tweet about whatever he wants. I’m looking to see people doing work, and are we trying to solve things coming out of the government? Yes, we are. That’s what I focus on.”


Mark Cuban on Restarting the Economy | The View

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approval Approval rating Donald Trump Economy election Election 2020 Intelwars President Donald Trump small business Strongly approve trump

President Trump notches highest approval rating yet among small-business owners

In a recent survey, 64% of small business owners questioned said they approve of the way President Donald Trump is handling his job — the highest mark of his presidency.

The survey, conducted by CNBC and SurveyMonkey, found that 47% of the 2,100 entrepreneurs surveyed said they “strongly approve” of how Trump is handling the job — also a new high for Trump. That figure had reportedly not cracked 40% since responses began being collected on a quarterly basis in 2017.

“This is a high watermark for President Trump’s job approval, both among small business owners in our survey and among the general public,” said Laura Wronski, a senior research scientist at SurveyMonkey.

Wronski did go on to temper the results, however, noting that small business owners have always been a consistent source of support for the president.

“Part of this is just partisanship,” she said. “One key way in which small business owners differ from everyone else is that they are more likely to be Republicans than Democrats by a pretty wide margin.”

The survey, which was conducted Feb. 3-10, came at a pivotal time for the president. That same week he delivered his third State of the Union Address, received an acquittal on impeachment charges, and gained a political edge as the Democratic Party underwent its Iowa caucus debacle.

TheBlaze reported at the time how very good that week was for the president, a week in which the president also received a better-than-expected January jobs report and notched his highest ever Gallup approval rating.

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