Remember when nearly every medical expert said assured us that the economy will just “recover” from the lockdowns? Inexplicably, a growing number of companies did not get that memo. As for what the future holds, just wait until all those pandemic assistance loans come due.
“We’re seeing bankruptcies up 116 per cent year-over- year,” said Tostenson, and less than 50 per cent of all restaurants in a recent survey were making money.
“A lot of business owners took those loans on the premise (business) would come back,” noted Tostenson. “And it did for a couple of months, but then inflation kicked in.”
The hospitality entities listed in the petition currently owe BMO about $13.6 million, while Bomber Brewing owes $1.25 million, according to the petition. Their monthly debt servicing payments total about $295,000 a month.
A great comment by John”: “Its nothing dancing healthcare workers can’t fix..”
Businesses, families, churches all have suffered permanent damage from the government actions surround the plandemic.
Is there one thing these medical “experts” HAVE been right on? Even, y’know, freaking medically? For some allegedly smart people they sure act pretty irrationally.
No sympathy.
These people gleefully imposed a vax passport on 20%? Of their hopeful customers. Told them they were dirty and to stay out.
I seem to remember a guy named Dan Kelly with the CFIB. He thought discrimination against people who didn’t do what the government said was A Ok.
Maybe Dan can crack open his wallet and help these businesses and employees that are struggling now??
THIS!
I hope Tostenson’s choke and puke goes down in flames, first and foremost.
Now? YOU want ME back in your greasy spoon, because I should feel sorry for your failing business?
FOAD GFY. Meals have never been so good at the DBC Man Cave!
Yep – hopefully more vax passport supporters go tits up as well
CFIB has always been a leach, that doesn’t provide good value for the money they get.
Too bad more businesses and associations won’t wake up to that.
Its nothing dancing healthcare workers cant fix.. Or maybe some more arrows on the grocery store floor?.. Booster shot booster shot where is my check?.. Did I mention my hours are long and my feet are sore?.. You know the important stuff..
What we suffered was a anti Trump breakdown of critical thinking / holiday.. A new agenda where our? professional class ran off with the ball.. A grotesque top down coup of epic proportions where everybody’s political interests aligned.. We need a new agenda..
Organic or star chamber.. China and western democracies were all in and working together.. It was criminal what they had done and all the censorship in the world cant hide it.. It was all for nothing.. A political PSYOP..
^^^ THIS ^^^
Nailed it. 100%
And these worldwide communists haven’t slowed down a bit. The election FRAUD is permanent now. Baked into the cake as they say. The People have never had so little Power since Mao was terrorizing the masses.
My grandkids went to superstore and said” Grandpa, where’s all the food? Look at all the candy!” Priorities for these businesses are all screwed up.
assured us that the economy will just “recover”
Only ‘recover’? I recall being sold a roaring 20’s boom by the cellulite ridden, purple, bobble-headed, finance gnome.
Patience. She’s 6uilding it 6ack 6etter. All according to plan. Just a little more destruction of Western Capitalism … and she’ll be done.
Our grocery stores here in Alaska are still running with many shelves half empty, one day it’s no bananas, next it’s no baloney.
How’s Canada, your markets back to normal or is this the new normal America wide?
My contacts tell me it’s the new normal in North America. Apparently (who knew, right?) workers are economically literate as never before, and they know that through inflation, their salaries are being unilaterally slashed. They are now operating under the rules of free-market capitalism: pay me two thirds of my going rate, you get two thirds of my work.
What is so hard for businesses to understand about this basic rule of economics? People were supposed to work twice as hard if they wanted twice as much! Well, THAT economic calculus works in reverse also.
So to Western businesses I say “You wanted this. This IS the free market at work”.
Pay less, get less.
I don’t see the problem here.
You forgot one leg of the stool; pay less, get less, buy less.
It depends Jim.
Here in Victoria, the shelves are almost all notably well stocked in most stores. But, two food chains are notable exceptions and both are cross country retailers.
One is familiar to you, Walmart. They consistently let shelves go empty and remain empty until overnight stocking, or worse. Dry goods, canned goods and yes, fresh meats as well. I suppose the strategy is to avoid wastage, particularly the meats. And it’s all overpriced but the sheeple blindly throw it in the cart. “Just In Time” delivery and sales I suppose, but, the perception is an unreliable retailer.
The other is SuperStore (Loblaws). However, their meats are higher priced, and waste on the shelf, further inflating their cost of doing business. Poorer quality produce, by far. And still empty shelves for certain dry goods all week.
Both have said, when asked, why the empty shelves? “That’s all that came on the truck, have to wait for the next delivery”. It’s a bad way to run a business, but the sheeple keep going back.
We will be travelling to the Okanagan shortly, and will see what things look like there. Last summer, it didn’t matter what store we were in there, Indy or chain food store, shortages and extreme prices everywhere.
Randomly, the large Loblaws runs out of dry pasta every couple of weeks. Not sure if that’s a management or supplier issue.
It’s finally back to pre-scamdemic Conditions here in my SF Bay Area Safeway. Everything fully stocked. Even the frozen prepared foods that were in very scarce supply during the era of 6ft-spacing, one cart at the checkout line at a time, and triple masking.
however
Food prices have spiked up at least 50% since the glory days of PAX Trumpica in Jan. 2020. I pay wayyyyy more than anywhere else except maybe Hawaii (or Alaska) for food. And there’s been ZERO softening of the food price inflation (as your bullshitty Federal bureaus would have you believe). I visit my daughter in Orange Co., and food prices are at least 25% less than the SF Bay Area … esp. for meat.
But the most significant “return to normal” in my local Safeway is the staffing levels. During the scamdemic … Safeway was intentionally severely understaffed. It was typical for there to be checkout lines of shoppers 8-12 deep … all spaced 6ft. running the entire length of the aisles. On more than one occasion, it was so bad that I just left my full cart of groceries in the aisle and went home. I wasn’t gonna stand 30 minutes in line waiting to checkout. Now, every time I shop there is no waiting and baggers working at every register.
Jim in Alaska: We are getting lots of baloney served to us lately. But then, tomorrow is election day in Alberta.
As far as restaurants are concerned, I am still bitter. I used to eat out maybe once a week, so not big time. When you tell me I am too disease ridden to enter your door, I kind of remember. Now I get take out about once a month. The “we’re just following rules” is bs. Hardly one restaurant and certainly not the restaurant association did any push back. My local rural restaurant/gas station went one step beyond what was required by the government and wonders now why we don’t support him. The day the rules came off I guess I was suppose to go and say forgive this leper but I am back, cough cough. My bank account thanks me. As far as the Covid loans here are concerned they are repayable I believe January 2024 and if you repay by then you only have to pay 2/3 of the amount. As an owner of two not services related businesses, I have two such loans. I will be surprised if they don’t cancel repayment. There are a lot of service and tourism businesses that will have an impossible time repaying that loan. Several in my area have had to fold as it is.
A manager at a medium size trucking business told me that only a few months ago he was badgered by upper management to hire more warehouse staff and more drivers as they could not keep up. Now, they are dropping hints that his warehouse is “overstaffed”. A number of routes have been discontinued as there is not enough traffic to keep them viable. The recession is here, folks. Bankrupt restaurants don’t need food shipments.
Amazon’s Whole Foods is going under. Seems reality has checked into the Millennials and Gen Zeders. No Frills and other non organic food stores look pretty good and tasty these days. Reality bites.
It isn’t done. The bureaucracies didn’t just sit at home for two years; they used the time to come up with ways to harass and add costs to businesses. Three different sectors, three different levels of perverse incentives, added costs and bankruptcy inducing ridiculousness. Or simply not paying for work done.
Everyone is about to throw up their hands and quit.
Those who were misled and now are facing bankruptcy,.. who owe money to the guv, should say “I cannot pay up, for I am broke and unemployed” … then move to Mexico where people are still sane,
Dancing Nurses:
“I faked every muscle spasm.”
I was in Shoppers Drug Mart today. No shortage of Pride child-centered bullsh1t on display at the front of the store – knapsacks, water bottles, etc – so woke parents can use their kids as props in the upcoming Holy Pride Month.
Evil. May they all go quickly to hell for pushing this on kids
mhb23re
This is a must see for everyone. This blows the top off the preparation and release of Covid 19 by those who are supposed to care for the Citizens of the World.
.WELL WELL WELL … .VERY INTERESTING !.
EUnion D Martin on Covid
https://youtu.be/6BRWsLXU7Yg