The Federal Stimulus Is Helping Individuals, But It’s Killing My Small Business

The Federalist ^ | April 13, 2020 | Etienne Hardre

[MeneMeneTekelUpharsin]

They don’t care about small business. They want the economy to crash. The sooner the better. They know the people do not have the will to resist their evil schemes.

[Jeff Chandler]

Where’s my free money?

[babble-on]

More More More!

How d’you like it? How d’you like it?

More More More!

[mewzilla]

My bet is that the vast majority of people in Congress have never had to make a payroll.

[billyboy15]

I come from a family of self employed business people. One of the first things I was taught before entering into my business is to make sure there are ample cash reserves to sit out a downturn or other unforeseen situations. I thought six months to cover all expenses including rent, utilities, salaries (mine included) insurance, etc. would suffice and it did. I also had a line of credit available at my local bank but very seldom ever used it.

The number one cause of business failures is lack of cash.

[Bob434]

Americans have paid in taxes for forever- much of that goes to necessary things, like the military, roads, bridges, upkeep on shipping ports etc- essentials that make life much better, but much goes to things like illegals, (over $1 Trillion per year), to nations that hate us like palestine, saudi arabia, etc- all over the world- to planned parenthood, to NPR- on and on and on it goes- The government is very very free with our money-

It’s not ‘free money’ we’re going to get- it’s our money coming back to us during a crisis when people are suffering financially- The government’s purpose is to use our money to help our country- BUT they have long ago lost sight of that- We the people hired them to be fiscally responsible with the money we give them for the good of the country- but they instead give our money away to hostile foreign nations, and to illegals, and all manner of disgusting causes- If it wasn’t for taxpayers, the government would have no money to function- We support our government so our government can in turn support us (via military, roads etc)

[Jeff Chandler]

You didn’t answer my question.

[Fresh Wind]

Small business people are generally not the ones who give huge donations to political candidates, parties, and PACs.

They’re not in position to buy favors.

[Rebelbase]

Curious to see how much stimulus money is spent at the local gun shops.

[Kaslin]

You could be right. Especially someone like Joe Biden or Chuck Schumer

[GSWarrior]

Why don’t business that can simply reopen? I will would drive out of my way to support them....and also stand in the way when the authorities arrive.

[Kaslin]

Yea, but you are not in Politics, especially in DC. That’s the difference.

[Dave Wright]

While the Payroll Protection Program loan allows 25 percent of the forgivable amount to apply to rent and utilities, most of the time this may not be enough to cover the expense. Nor are any of the other cash flows accounted for.

Businesses need to contact their Senators and Congressmen and make these shortfalls clear to them. Nothing is inevitable. Mnuchin and Trump have committed to doing whatever it takes to lessen the self imposed blow to the economy but they can only do it by getting bi-partisan extensions to the funding. If you live in a blue state this is especially important because the Dems are doing everything they can to undermine these critical programs. Remember who is helping and who is hurting your business the next time you vote.

[Mr. Jeeves]

I don’t really care if I don’t end up getting any real help from these programs - but it burns me to see Mnuchin and the politicians standing up there and bragging about everything they are doing for small business, when they have accomplished precisely nothing to date.

[faithhopecharity]

What are you expected to do?
You’re expected to go broke, that’s what. That’s the plan.
This entire LockDown has, is bringing America to our knees.
Blame Communist China, blame SorozNazi, blame some USA politicians who’ve shut us down, blame them all (which is imho most probable), but short of those Obama-enabled Iranian nuclear bombs hitting us, this Virus scare LockDown is inflicting the greatest damage on us in history.
We simply MUST stop hiding under our beds and get the politicians to restore our country, businesses, jobs, and liberty.... NOW!

[wally_bert]

Same here.

[precisionshootist]

I actually think this is not an oversight to the needs of small business. In fact these policies all point to a targeted political and economic attack on small business. Why else would one implement a policy of mandated paid leave on the one sector that can least afford to provide it? Why else push for lengthening these closure orders when it is only large corporations that can afford to endure them?

Why attack small business you ask? Because that is where you find the Trump vote. That is where you find opposition to big government regulation and the deep state. Small business is where you find the heart and soul of American exceptionalism. The left hates small business as they hate America. Is it any wonder why Amazon and Facebook are not in the crosshairs of government? I think we all know why.

[sheana]

I agree. They have completely focused on the PPP while the SBA completely screwed small small business. I don’t want a fricken loan.

[precisionshootist]

“ One of the first things I was taught before entering into my business is to make sure there are ample cash reserves to sit out a downturn or other unforeseen situations.”

A downturn or unforeseen expense is something that can be planned for but no business can realistically plan to be shut down completely for an indefinite time period, none.