According to CNBC [1]…
- Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
- As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed, a 23% increase since mid-July.
- According to Yelp data, permanent closures have reached 97,966, representing 60% of closed businesses that won’t be reopening.
Well, first of all,it isn’t because of the coronavirus, but rather the governmental reaction (supposedly) to the coronavirus.
Let’s also consider the idea that the vast majority of these places are mom-and-pop operations. In other words, small businesses.
That should be a surprise to nobody, since small business generally speaking doesn’t have large piles of cash to be falling back on when government oversteps and shuts everything down so that they can fight orange man bad….. Which is precisely what happened here.
Another point, small businesses are harder to regulate, and much harder to unionize…. And guess which political philosophy thinks that heavy regulation and unionization are good things?
We still maintain that this economic shutdown was governmental overstep of the first degree and was totally unnecessary, except as use as a political tool.
Meanwhile, riots continue [2] in 48 of the 50 largest cities in the country all of which are run by Democrats.
And now we’ve got the Democratic nominee for president and vice president both saying that the violence will continue [3] if Democrats don’t get elected.
(A nice country you have here… It would be a shame if something happened to it…)
So now we see just how far the corrupt Democrats will go to obtain and maintain power. And yes, Joe and Jane America, it’s come to this.
I more than Grant that some will consider that I have overstated my case here. But I don’t think so. The number of ‘oincidences” goes well beyond credulity.