There are so many small businesses being wiped out, many States are saying they will not open for a while. So far we are 27 million people out of work and the States will not be able to handle unemployment this high.
There will be a ripple effect that may take a decade or two to recover.
I hope so but I think it’ll take longer than that. Too many small businesses will not survive the shut down, and too many large business will see reduced demand for their products because a fifth of the workforce is unemployed.
Mid-next year, more likely. Multitudes of businesses are going under permanently and Americans won’t have the resources to patronize those that survive nearly as heavily as before.
But if “experts” are saying it’ll be a slow recovery, expect a white-hot roaring economy by Labor Day.
Small business was the sacrificial lamb for this debocle. The big box stores, government, wall street, banks, etc. are are good to go. The PPP was nothing more than a scheme to make the unemployment numbers look a little better and get the employees paid. Small business is screwed unless they want to go into debt to keep the business operating. THIS WAS A HUGE MISTAKE OF EPIC PROPORTIONS.
I hope this proves true.Many Americans are hurting right now...and if the Rat nominee wins in November 99% of Americans will be hurting even more.
let’s see: auto manufacturers, airlines, aircraft manufacturers, oil companies - and all related suppliers and support industries - cruise lines, retail, malls, commercial / office real estate all absolutely buried in debt and careening towards bankruptcy.....trucking companies and railroads hurting for sure....22-million unemployed, soon to be 30+ million, no one can pay rents, mortgages, loans, etc., i’m sure banks aren’t worried about any of this.... mile-long food bread lines all over the country. fights & riots when the food runs out. many small businesses will cease to exist...
what planet is this idiot on?
The Dems NEED economic collapse in the summer to get Joe’s replacement in the White House.
Look for trouble.
I don’t see the travel industry or the aerospace industry coming back anytime soon. Plane and engine cancellations are rabid right now. Maybe the best manufacturing sector in the USA has been decimated for years.
Are folks ready to go to restaurants, hotels, movies, swimming pools, parties, etc. Gosh I hope so, but not seeing it.
Unfortunately, I believe you are correct.
Oh goody! Is that when Birx told Trump we can go back to work?
Do you think that when these businesses open that very few of that 27 million will be going back to work or that many of those business owners/entrepreneurs will just do nothing for the next 10 years?
I tend to think Munchin is correct. We’re chomping at the bit to shop and live as usual and ignore this terrible hit that this country has taken.
The economy will bounce back faster if Trump stops undercutting Republicans like Kemp who are trying to get people back to work
The Democrats will bring this to a close when Republicans start blasting them on other issues. And Trump has plenty of good ones.
OK, let’s start taking bets on when Birx or Fauci is going to say something to the press that will totally cut his legs out from under him.
I’m taking 3:42 Eastern Time today.
I don’t trust Mr. Goldman Skull and Bones for a minute.
From his wikipedia page:
“Between 1995 and 2014, he donated over $120,000 to political organizations, PACs, politicians, and political parties. His contributions to candidates included 11 donations to Republicans and 36 donations to Democrats. The campaigns of Al Gore, Hillary Clinton, John Kerry, Barack Obama, and Mitt Romney were among those to which he donated money.[52] Mnuchin said most of those donations were favors for friends.[32]”
End the lockdowns NOW.
It’s that simple really.
Most of the recently laid of will get back to work if the lockdowns are ended now. There is a huge pent up demand for services like barber shops, hair dressers and every kind of service that people have been forced to put aside because of the lockdowns. And people have stimulus money to spend.
“The worst is over without a doubt.” James J. Davis Secretary of Labor. -June 29, 1930
Maybe, if it ever opens.
Experience the reaction of others when you come within 10 feet of them.
Read the comments below articles enthusiastically supporting the announcement that government is extending the shutdown of the economy indefinitely.
The average American is scared sh*tless right now and won't be going anywhere until the media and Dr. Fauci tell them it's ok.
For many, it's better to be broke and starving then dead. Government will save them and protect them.
Guy is clueless. Every single one of my business clients have put any expansion and of course hiring to a halt.
They are burning through their cash savings.
It will take 2-3 years maybe longer to get back.