151–160 of 591 posts
The government has talked about bailouts for various industries from airlines, to cruise ships, to shale companies. But almost every sector of the US economy is going to be hit by this and I have no idea how we are going to react. Will there be a restaurant bailout? What would that even look like? It is much easier to work on bailing out a handful of airlines but how do you handle it for literally thousands of small…
What they need to do is provide everyone with restaurant vouchers paid for by the government. Then we can all have a big meal after this is over and keep our favourite eateries alive.
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No it’s not. The margin on one beer is more than two entrees put together.
But a takeout beer would be higher margin than a sit-in beer.
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Remarkable how quickly you were able to dehumanize the economic impact on millions of lives and yet simultaneously anthropomorphize the “economy”. A single sentence.
The restaurant industry is brittle and consolidating, and the the American middle class might not be strong enough to support it anymore. Recent events just magnify the weaknesses of the existing system. We could talk about things like the expansion of government programs, or we could talk about your theory of how I'm stripping people's humanities away. You would also presume quite poorly if you thought I haven't wor…
This is a far more interesting statement: “The restaurant industry is brittle and consolidating, and the the American middle class might not be strong enough to support it anymore. Recent events just magnify the weaknesses of the existing system.“
If that is what you intended to communicate, then maybe that is what you should have written.
I would conjecture that it describes much of the US economy, not just the food service industry.
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That's not exactly a realistic outlook on what will ultimately be a temporary situation.
It all depends on how long it is temporary. Current predictions are 2-3 months, which I think it is already too much time for most restaurants.
(Near the bottom of the page if you can read German: https://www.tagesschau.de/inland/coronavirus-deutschland-rki... )
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Loans don't solve this. It isn't like once this is over restaurant patronage will jump up to 200% of normal. This is business these companies will never get back. Giving them a loan that they can't repay is just delaying the problem.
Spreading the problem out over a long period of time keeps the company in business. It's a no-brainer good idea for the SBA to do this. Not sure what you would prefer instead.