Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
Just How Bad Is It Out There For America’s Small Businesses? This Bad…
"While Congress provided help for businesses large and small on an unprecedented scale, [they] underestimated the pandemic’s toll on small businesses", US Chamber of Commerce president Suzanne Clark wrote to lawmakers late last week.
"A total of 54% of all small businesses report they are closed or could close within the coming weeks", Clark warned, addressing Nancy Pelosi, Chuck Schumer and Mitch McConnell directly, in a letter dated April 10.
Top Democrats have spent the last several days
H, just heard that the airlines balked at paying back 25% of their $25 billion bailout. Do these thieves realize that their (United, Delta, and American Airlines) total market cap is just millions or so above that $25 billion? Nationalize the bastards and give us more leg room.
Would be curious on how much has actually been given out to small business. Most friends I’ve spoken to that were the very first to apply have not received any money. I’m trying to understand is it the banks not giving it out or the SBA. I know of four small companies that have not received any money yet.
I guess clicking the Ruby Slippers ain’t gonna cut it here.
This will be horrible and a slow go forward. I do not think the one percenters trickle down is going to help much. Very many retirees are going to tighten their belts like it is the seventies. Too,too many young people will be out of work for years. Far too many business owners will not be able to rebuild. This is gonna suck.