Skip to comments.Good News: Relief Bill Saves Kennedy Center For Performing Arts From COVID-19
Posted on 03/25/2020 10:43:12 PM PDT by Helicondelta
click here to read article
Don’t kid yourself.....people are itching to go back to work. People don’t like isolation.
You know, thanks to the Chinese and the globalist, our country has turned into a diseased ridden POS. But hey, the elites in DC have the Kennedy center to go to.
What a bunch of crap. Anyone ready for a revolution?
So it is not April 13 which I noted on my calendar just minutes ago?
Oh I don’t disagree. They want to work. But what work will they do? Let’s say you own a restaurant. You can get a loan to rehire the staff. But you can’t open your restaurant. You don’t even know how long until your revenues return to “normal”. Why would you take the risk of borrowing to pay employees without knowing what your run rate will look like?
This would apply across the board to all business sectors. Small manufacturers and workshops. Everyone wants to get back to work. But what work will they do? Are the customers prepared to start buying again?
I suggest the recovery will be very slow, unfortunately. It is too uncertain right now to predict when any business will get back to where things were in November 2019 for example. So why would you borrow money to pay people to do little to no work? You wouldn’t until you had some certainty. So I suggest it will recover in fits and starts, and resume with scaled back staff and part time shifts for a while. But Congress has demanded that to get a loan you need to rehire what is it 90% or 95% of your staff? I certainly would not borrow money to hire 95% of a workforce when they have little work to do, when my top line income is uncertain, and my overhead costs are fixed. This is an opportunity for businesses to rethink the way they operate, and to not rehire 95% of their work force.
IMO you need a sort of top-down indirect relief program. First, ensure that the businesses can stay in place “frozen in time” if you will. Reduce their risk. They need money to keep the doors open, to pay their bills and their leases and their creditors. Only then can they have breathing room to hire employees. If in May a business can get back to 30% capacity, and grow 10% a month, it will take the rest of the year to get to ‘normal’. No way you would hire 95% of the staff to do 30%, 40%, 50% of the business.
Is it? Seems to be a coop type deal sustained by private funds via ticket sales.
I guess the point is other entertainment venues have to pay full freight. Kennedy Center, doesnt. So maybe at the very least, ticket sales should go towards paying back what they get out of this bill.
Thought the link was a pretty good summary.
This is bipartisanism and McConnell praised Schumer for his use of it.
So did Mnuchin.
Apparently McConnell thinks this is positive.
I imagine McConnell also likes Pelosi’s list of left leaning issues like supporting illegal aliens and sanctuary cities and green new deal things too
I guess to McConnell giving in to dangerous leftist agendas is way cool real bipartisanism.
This uni-party stuff is being taken much too far.
We need a two party system here in the USA.
Don’t kid YOURSELF.
People getting 900 a week for unemployment aren’t going to go back to work for 600.
That’s a fact
Why she is doing it is beyond me as this hurts the DemocRATS in an Election Year! She must want Americans to suffer some more!! This was supposed to go through on Monday!
Keep it up Pelosi! Dems won't even be Dog-Catcher soon.
They are equipping the Kennedy center as a icu perhaps... with a show.
Fortunately it’s only for 4 months but that’s a shitload of free money...like 10 grand (600 X 17.33 wks) for 4 months.
Did the election stud pass? If so were finished
PA alone came out with 500k unemployment applications yesterday, so I too am looking over 4m.
These earmarks have a sneaky way of ending up in politicians families pockets.
Or maybe like me, you’ve just lived long enough to see the thru the BS to the sickening corruption of those we used to call leaders.
Those were her wish list and those are all out.
You can find the money elsewhere and we do not need to go 2 trill more into debt because of a effin FNM and demonrat hoax.
There is not enough rope and trees in the world to fix this country.
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