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

The Federalist ^ | April 13, 2020 | Etienne Hardre

[Mr. Jeeves]

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.

Nor to suffer a crippling, long-lasting, nationwide blow to consumer confidence caused almost entirely by political egos. A small business can choose to ignore government and open tomorrow, but how many months will it be before more than a small percentage of the regulars dares to come in?

[bgill]

It’s all about the gimme, gimme $$$. Hardre should be happy she’s not one of those mass burials.

Noticing she didn’t say what her small business is. A private dancer? A basket weaver? What? Not that I care.

[bgill]

Very wise.

[Basket_of_Deplorables]

Most small businesses are owned by deplorables.

Not surprised.

[gogeo]

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

That is simple and true.

[gogeo]

Why don’t business that can simply reopen?

I was trying to follow what you said, but I can't.

[qwerty1234]

>>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-

I agree, its definitely not free money - but it’s also not ‘our’ money coming back to us, it is our children’s and grandchildren’s money that is being taken from them, and given to us - or at least some of us - anything we have paid in has already been spent, and then some.

[EBH]

Exactly.

For many small businesses the lock-down has meant a complete shut-down of cash flow. A down-turn doesn’t result in a stop ...complete stop...of revenues.

Forbes reported most small businesses have only 27 days of resources on the books. We’re looking at being way past that mark for 80-90% of true small business owners. Add into the loan equation from the SBA, if your business still fails after the pandemic...the loan is not forgivable via bankruptcy.

Or as my mom used to say...you cannot get blood from a turnip.

[Bob434]

disagree- it’s ours- we all paid in- and during times of need- should come back- if we have to do without in hard times, the government can as well- they can help out our own people for a change- instead of all the foreign nations that hate us - America first- in this case- Those who are retired have paid in for many many decades- to a government that is there to help when it’s needed- just because they are now retired doesn’t mean the needed has gone away-

Yes, the young folks will be getting back some too - but really they haven’t paid in nearly as much yet-

It all pans out in the end- this is partly what we pay in for- hard times protection-

[billyboy15]

Of course no one can shut down indefinitely and survive. But a person should pick a time. And then make sure that he has enough in reserve to last that amount of time. My choice was six months while someone else might say 90 days is enough, it all depends on the individual.

In this particular case I think six months would have been enough since there’s no way the economy’s going to remain shut down much more than another 30 days and I think that’s an exaggeration.

[precisionshootist]

“ 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. Nor to suffer a crippling, long-lasting, nationwide blow to consumer confidence caused almost entirely by political egos. A small business can choose to ignore government and open tomorrow, but how many months will it be before more than a small percentage of the regulars dares to come in? ”

Exactly. I have said of the businesses that are somehow able to hang on and reopen 30 percent of those will be closed in a year do to the drastic fall in sales and revenue.

[mosesdapoet]

Would a runaway plague created by a nation which could threaten populations of an enemy cause them to react by demanding extreme restriction of movement by its population to prevent its spread ? Thus wind up fragmenting its economy.China’s been working on this since 2014;
http://www.freerepublic.com/focus/f-chat/3834373/posts and
http://www.freerepublic.com/focus/f-news/3834476/posts.

Everytime an American looked at an item for where it was made in it came from this country (China). Now China’s reliance making everything was being threatened by a change in leadership in America which was a major consumer of those products. When Americans hailed their leaders decision to make many of them in their country US. Their politburo worried. Worse yet opponents to the Chinese regime in power had its citizens protesting its policies since that change in American leadership wave the American flag and present his name when doing so. All of which presented those in power the need to destroy that leader,

To stop the return of manufacturing of products back to the US that went to China. We have China backers here who are making millions off of their political connections who will be hit hard are also claiming that Trump’s alleged stock ownership in a quinine pills maker claim its a controlling interest in a product to be totally ineffective and when used requires a severe restriction of movement when near a possible carrier known as a shutdown because of its rapid transmission but explain this
http://www.freerepublic.com/focus/f-news/3834545/[posts

[precisionshootist]

“ Of course no one can shut down indefinitely and survive. But a person should pick a time. And then make sure that he has enough in reserve to last that amount of time. My choice was six months while someone else might say 90 days is enough, it all depends on the individual. In this particular case I think six months would have been enough since there’s no way the economy’s going to remain shut down much more than another 30 days and I think that’s an exaggeration.”

I could be wrong but I think you are talking more about a self employed person rather than say a small business that employs maybe fifty people, leases a building and maybe has a million dollars or more in capital equipment. There is no reasonable business plan that allows for those types of entities to cover expenses when the government arbitrarily forces you to shut your doors and cut off all revenue for 60 to 90 days or more. Even if a business could set aside this much liquid capital it would be a foolish use of said funds, that is up until about two months ago when we utterly jettisoned every principle that has resulted in America being the worlds lone economic superpower as well as that shinning city on the hill. Today, post corona totalitarian takeover, the business plan if you have money is going to be “don’t go into business! “.

That unfortunately is our new normal.

[mosesdapoet]

Opps SORRY messed up key strokes links are
http://www.freerepublic.com/focus/f-news/3834276/posts
http://www.freerepublic.com/focus/f-chat/3834273/posts

[fortheDeclaration]

Exactly!

[GSWarrior]

Businesses that don’t rely so much on a supply chain could in actuality reopen in defiance of mayors but I hope it doesn’t come to that.

[gogeo]

Thank you. I was having a problem understanding what you said.

[Jacquerie]

Not only not make a payroll, they’re on salary and are insulated.

I suspect I’m not the only one who gets angry listening to salaried government clowns defend a closed economy for hourly employees.