Unbelievable, now the restaurant sector wants free money, $145 BILLION!

anyone got the PO box to submit my bailout request? I'll say I'm a hotelier, likely the next bailed out industry.
 
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S2007S said:
When does it stop?
It's okay to charge you $3.5 for a glass of 7-up, $7.95 for apple pie and $24.99 for pasta, so where are the emergency funds they should have put aside for a time like this?
Do not any of these sectors asking for bailouts have emergency funds set aside?


https://www.cnbc.com/2020/03/18/res...illion-recovery-fund-from-the-government.html
More...

Restaurants fail more often than a ADHD kid in public school.

The right thing to do is to let everyone go bankrupt. As was heard on CNN (OMG), many businesses go bankrupt and continue operating. The real danger is huge unemployment with zero income coming in. I'm OK with a bailout (via monthly income) for the people.
 
S2007S said:
When does it stop?
It's okay to charge you $3.5 for a glass of 7-up, $7.95 for apple pie and $24.99 for pasta, so where are the emergency funds they should have put aside for a time like this?
Do not any of these sectors asking for bailouts have emergency funds set aside?


https://www.cnbc.com/2020/03/18/res...illion-recovery-fund-from-the-government.html
More...
I think that's just the start of it. Not many businesses have cash reserves to cover weeks or months of operating costs without catastrophic layoffs.
 
S2007S said:
When does it stop?
It's okay to charge you $3.5 for a glass of 7-up, $7.95 for apple pie and $24.99 for pasta, so where are the emergency funds they should have put aside for a time like this?
Do not any of these sectors asking for bailouts have emergency funds set aside?


https://www.cnbc.com/2020/03/18/res...illion-recovery-fund-from-the-government.html
More...

zdave83 said:
I think that's just the start of it. Not many businesses have cash reserves to cover weeks or months of operating costs without catastrophic layoffs.
More...

I've been saying it.

Companies just need to pull themselves up by the bootstraps and stop eating avocado toast. Worked for millennials right? These lazy people just don't want to work, you know I was able to save 6 months of emergency funds and go to school. Why do corporations feel entitled to handouts? Stop drinking starbucks!
 
nooby_mcnoob said:
Restaurants fail more often than a ADHD kid in public school.

The right thing to do is to let everyone go bankrupt. As was heard on CNN (OMG), many businesses go bankrupt and continue operating. The real danger is huge unemployment with zero income coming in. I'm OK with a bailout (via monthly income) for the people.
More...
Agree that any bailout should require keeping people on payroll as a way to help people who need it most. That's also a way to help businesses restart as quickly as possible when we get to the other side of this.
 
S2007S said:
When does it stop?
It's okay to charge you $3.5 for a glass of 7-up, $7.95 for apple pie and $24.99 for pasta, so where are the emergency funds they should have put aside for a time like this?
Do not any of these sectors asking for bailouts have emergency funds set aside?


https://www.cnbc.com/2020/03/18/res...illion-recovery-fund-from-the-government.html
More...

If you "think" you can apply classic economic models in times of corona - well, how about learning something "new"? Keep an open mind, make some $ and otherwise enjoy the vola show! :cool:
 
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