Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 2 hours ago, spin_dry said: Not so fast on that. I have buddy that owns 7 restaurants with 2 franchised. He is actually doing better now with his loans than prior to the shut down. When he told me this I challenged it. His come back made a lot of sense. Everyone knows that even well run restaurants operate on tight margins. While he’s back open, the number of tables have been cut in half. That loan money will work well for him to buffer the impact of fewer tables. So he couldn't survive without the loans. Fits in exactly with what Anler said. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 Just now, Anler said: Some of our competitors took PPP money and bid jobs at lower margins using the PPP as a subsidy. They actually bragged about it. I didnt think it was supposed to be used for that but I havent dug into that part of it. I think that is pretty unethical to use govt money to give yourself an unfair advantage in a competitive bid scenario. But I am learning that ethics is for suckers cuz the douchebags gobbled up more than their share. There was plenty of work to go around too. Well when successful business' have been hammered by high taxes and regulations for decades its easy to understand why they took it. Doesn't mean it was right or ethical even if it was legal. That's where the lawmakers and yes Trump's team were at fault. Not enough written in it to make sure those that didn't need it didn't get it. Also have to consider lots of places didn't need it when they applied but may come to need it since or even in the next 6-12 months and that was the thought process in applying. I'm friends with a considerable amount of business owners from small bars to large car dealerships and high precision machine shops. Everyone took it. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted June 30, 2020 Author Share Posted June 30, 2020 1 hour ago, Highmark said: So he couldn't survive without the loans. Fits in exactly with what Anler said. He could’ve survive just fine. He took the loans to retain all his employees and maintain their benefits. Had he just been out for himself and didn’t give a shit about employee retention and their benefits he would’ve skipped the loans. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 4 hours ago, spin_dry said: Not so fast on that. I have buddy that owns 7 restaurants with 2 franchised. He is actually doing better now with his loans than prior to the shut down. When he told me this I challenged it. His come back made a lot of sense. Everyone knows that even well run restaurants operate on tight margins. While he’s back open, the number of tables have been cut in half. That loan money will work well for him to buffer the impact of fewer tables. Just now, spin_dry said: He could’ve survive just fine. He took the loans to retain all his employees and maintain their benefits. Had he just been out for himself and didn’t give a shit about employee retention and their benefits he would’ve skipped the loans. Those two posts are contradictory. Quote Link to comment Share on other sites More sharing options...
s pump Posted June 30, 2020 Share Posted June 30, 2020 3 minutes ago, Highmark said: Those two posts are contradictory. 🤔 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted June 30, 2020 Author Share Posted June 30, 2020 (edited) 5 minutes ago, Highmark said: Those two posts are contradictory. No they’re not. Edited June 30, 2020 by spin_dry Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 (edited) 9 minutes ago, spin_dry said: No they’re not. So his in restaurant business has been cut in half and the "loans" buffer that impact but he could have easily survived without them. Dude pull my other leg and it will play jingle bells. How many business' easily survive with tight margins and a 50% drop in sales? Edited June 30, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
spin_dry Posted June 30, 2020 Author Share Posted June 30, 2020 15 minutes ago, Highmark said: So his in restaurant business has been cut in half and the "loans" buffer that impact but he could have easily survived without them. Dude pull my other leg and it will play jingle bells. How many business' easily survive with tight margins and a 50% drop in sales? Are you really this dense? The point is that he could’ve survived without the loans by cutting the amount of employees that he employed and waited it out. That translated into employee suffering Instead he took the loan and retained all his employees and paid for their benefit package. Either way he had the operating capital to make it through. Employee loyalty is something he values. Something that’s withering these days. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 30, 2020 Share Posted June 30, 2020 17 minutes ago, spin_dry said: Are you really this dense? The point is that he could’ve survived without the loans by cutting the amount of employees that he employed and waited it out. That translated into employee suffering Instead he took the loan and retained all his employees and paid for their benefit package. Either way he had the operating capital to make it through. Employee loyalty is something he values. Something that’s withering these days. those whose politics don't override critical thought understood that. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 4 minutes ago, Angry ginger said: those whose politics don't override critical thought understood that. Politics? Quote Link to comment Share on other sites More sharing options...
Anler Posted June 30, 2020 Share Posted June 30, 2020 2 hours ago, Highmark said: Well when successful business' have been hammered by high taxes and regulations for decades its easy to understand why they took it. Doesn't mean it was right or ethical even if it was legal. That's where the lawmakers and yes Trump's team were at fault. Not enough written in it to make sure those that didn't need it didn't get it. Also have to consider lots of places didn't need it when they applied but may come to need it since or even in the next 6-12 months and that was the thought process in applying. I'm friends with a considerable amount of business owners from small bars to large car dealerships and high precision machine shops. Everyone took it. I know many who took it also and I dont begrudge them. We never stopped so I didnt see the need for it and then I find out these fucking cunts are undercutting us with PPP money. Im like... Quote Link to comment Share on other sites More sharing options...
Anler Posted June 30, 2020 Share Posted June 30, 2020 27 minutes ago, spin_dry said: Are you really this dense? The point is that he could’ve survived without the loans by cutting the amount of employees that he employed and waited it out. That translated into employee suffering Instead he took the loan and retained all his employees and paid for their benefit package. Either way he had the operating capital to make it through. Employee loyalty is something he values. Something that’s withering these days. From what I hear unemployment was very attractive for some. So much that they didnt really want to go back to work. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 Just now, Anler said: From what I hear unemployment was very attractive for some. So much that they didnt really want to go back to work. Its a significant issue. The extra $600 should have never happened. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted June 30, 2020 Author Share Posted June 30, 2020 1 hour ago, Anler said: From what I hear unemployment was very attractive for some. So much that they didnt really want to go back to work. Yep. Quote Link to comment Share on other sites More sharing options...
awful knawful Posted June 30, 2020 Share Posted June 30, 2020 2 hours ago, Anler said: From what I hear unemployment was very attractive for some. So much that they didnt really want to go back to work. Lots Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 2 hours ago, Anler said: From what I hear unemployment was very attractive for some. So much that they didnt really want to go back to work. You got that one right fo sho! Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted June 30, 2020 Share Posted June 30, 2020 2 hours ago, Highmark said: Its a significant issue. The extra $600 should have never happened. well it should have happened for some, they should have bumped UE to say 75% of your wage, not the 175% than many were getting. guy making 1000 week in this state gets 300+- in U, giving him another 450 would have been fine. 1 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 Just now, Angry ginger said: well it should have happened for some, they should have bumped UE to say 75% of your wage, not the 175% than many were getting. guy making 1000 week in this state gets 300+- in U, giving him another 450 would have been fine. Yep. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 3 hours ago, Anler said: I know many who took it also and I dont begrudge them. We never stopped so I didnt see the need for it and then I find out these fucking cunts are undercutting us with PPP money. Im like... I don't blame ya. I would be pissed too. Quote Link to comment Share on other sites More sharing options...
Crowder Posted June 30, 2020 Share Posted June 30, 2020 (edited) 3 hours ago, Anler said: From what I hear unemployment was very attractive for some. So much that they didnt really want to go back to work. I know at least 3 people with lower wage jobs that were in that boat. One made out well enough to use it to pay off a bunch of debt. I guess “we” paid off the debt. Edited June 30, 2020 by Crowder Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted June 30, 2020 Platinum Contributing Member Share Posted June 30, 2020 1 hour ago, Crowder said: I know at least 3 people with lower wage jobs that were in that boat. One made out well enough to use it to pay off a bunch of debt. I guess “we” paid off the debt. It's all funny money anyhow....printed out of thin air. Quote Link to comment Share on other sites More sharing options...
racer254 Posted July 1, 2020 Share Posted July 1, 2020 Isn't this what you wanted? 1200 checks and unemployment? That's what you have been wishing for since trump took office. Quote Link to comment Share on other sites More sharing options...
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