Thread: News ***NON-POLITICAL COVID-19 Discussion Thread***
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Old 03-17-2020, 02:37 PM   #5606
DJ's left nut DJ's left nut is offline
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Join Date: Sep 2005
Location: Columbia, Mo
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Quote:
Originally Posted by BigRedChief View Post
I have no clue on economic theories.

I see no way to talk about these issues without bringing politics into the discussion. So I’m going to punt on any bailout, stimulus etc. discussion.
Yeah, at some point my econ minor from 15 years ago runs out of usable discussion w/r/t theory. But I can tell you right this very minute that if my bank, who has backed us through some ROUGH times, were to call me and say "Hey Nut, I've got a federally backed loan for $600K that we'll plow into a line of credit extension if you can be here today to sign it. Does that do anything to ease your mind?"

I wouldn't even hear anything after 'here' because I'd be running to my truck to get my ass downtown and sign the loan.

And I think there's a 50% shot I won't even need it, but if I don't I'll just pay it back in June/July. And I'll tell all my people "hey guys, we got this so everyone calm down and if you need to take a day or two away to re-set with your families, get it done..."

I cannot overstate how important that would be for me as a business owner and I think anyone sitting in a chair that looks anything like mine right now would scream LOUDLY in agreement with me.

This is beyond theory - this is me doing runway calculations and revenue projections for the next six weeks (knowing full well I'm pulling them from my ass) right this very second.

I'll sleep more soundly than I have in a couple of weeks if we can just get some damn backing for businesses that isn't "well mail money to your employees and give you a tax credit in 11 months..."

Because that does ****-all for keeping my office's lights on.
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