The Michael Snyder of the End of the American Dream reported that small businesses will be on the ropes in the upcoming months.
With some states rolling out reopening plans, there is some optimism in the air for a potential economic rebound.
However, Snyder doesn’t believe the recovery will be so quick.
He noted the following:
The good news is that the lockdowns are starting to end, but the bad news is that many small business owners are facing a “new normal” in which their monthly revenues will be down by 30, 40 or 50 percent (or more). All of a sudden many small businesses that were once barely profitable have been transformed into businesses that are bleeding a lot of cash each month, and many of them simply are not going to make it.
According to a Bloomberg survey, 52 percent of U.S. small business owners “expect to be out of business within six months.”
The data Snyder cites is coming from a new survey the Society for Human Resource Management conducted which discovered that 52% of small business owners expect to be closing their doors within six months.
“SHRM has tracked Covid-19’s impact on work, workers, and the workplace for months,” stated SHRM Chief Executive Officer Johnny C. Taylor, Jr., “but these might be the most alarming findings to date. Small business is truly the backbone of our economy. So, when half say they’re worried about being wiped out, let’s remember: We’re talking about roughly 14 million businesses.”
Many small businesses normally operate under razor thin margins.
A pandemic and the subsequent government lock-downs have thrown everything into disarray.
People’s livelihoods have been ruined as witnessed by a Dallas salon owner who was harassed by municipal officials for the shocking crime of trying to earn a living by keeping her business open.
Elected officials will have to get their act together lest they want more Americans to suffer.
Unrest will inevitably follow if politicians don’t put forward a sober reopening plan.
University of Pennsylvania Workers Overwhelmingly Support the Democrat Party
From Top to Bottom Universities are in the Tank for Democrats
Employees at the University of Pennsylvania are overwhelmingly in the tank for the Democrat Party.
Ophelia Jacobson of Campus Reform reported that University of Pennsylvania employees contributed to Democrat candidates, campaigns, and organizations between 2019 and 2020. Campus Reform was able to gather the data by turning to the Federal Election Commission.
Per the Campus Reform analysis, a whopping 97.6 percent of campaign contributions in 2019 and 2020 made by Penn instructors, staff, and administrators were sent to “Democratic organizations, candidates, and their campaigns.” Some of these groups and causes included ActBlue, Win the Era PAC, Biden for President, and MoveOn Political Action.
To get more specific, of the 715 donations that Penn faculty members made, just 11 were sent to Republican candidates, institutions or campaigns. This number represented 1.5 percent of campaign contributions pitched in by faculty members. The remaining 98.4 percent of donations were sent to Democrat causes.
Staff contributions showed similar trends. 97.6 percent of contributions were sent to Democrat campaigns, candidates, or organizations, whereas 2.4 percent were sent to Republicans.
Penn administrators donated 731 times during the time-frame of 2019 and 2020. Curiously, 21 of those 731 contributions (2.8 percent) were only made to Republican causes and the remainder (97.1 percent) were sent to Democrat causes.
This analysis reported that ActBlue was the principal organization that Penn workers donated to as far as Democrats institutions were concerned. In contrast, WinRed was the largest recipient of donations of all the Republican organizations.
Just another case of an American institution of higher learning being filled with leftist staff across the board. Let’s face it, universities are a magnet for the Left and work to perpetuate such a political paradigm.
Conservatives should take note. These institutions and the drones who work for them are the enemy. In light of this, the Right should aim to defund public universities and make sure to attend alternative educational institutions if possible. These institutions do not deserve a single penny from right wingers.
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