Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Botany

(70,589 posts)
Tue Jan 5, 2021, 12:09 PM Jan 2021

Trump's Legacy: Have more people died from the Trump Virus or businesses gone under?

There have been more than 20.8 million cases reported across the country, according
to Johns Hopkins University, and there have been more than 353,000 people who have
died from the virus in the U.S..

https://www.ajc.com/news/coronavirus-how-many-people-have-died-from-the-virus-the/mYlJ0bpc9DVgb2scSJGlEM/

NBC: May 15, 2020 From Friendly's to J. Crew, Main Street bankruptcies continue
The coronavirus has seemingly spared no one in its devastation of the U.S. economy, speeding up the demise of iconic department stores, gyms, and entertainment giants.

(BTW this list does not cover a nice little local restaurant in Clintonville (Columbus, OH) that had to close
because of the virus and that they would not borrow more money just to keep the doors open. God, how I
miss their breakfasts, coffee and just sitting outside and reading every other week. That was just one of who
knows how many restaurants that have been forced to close nationwide.)

https://www.nbcnews.com/business/consumer/which-major-retail-companies-have-filed-bankruptcy-coronavirus-pandemic-hit-n1207866

https://www.timeanddate.com/countdown/to?p0=263&iso=20210120T12&msg=Time%20left%20until%20Trump%20leaves%20office
@ noon Donny will have 14 days, 23 hours, 59 minutes, and 59 seconds to go

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump's Legacy: Have more people died from the Trump Virus or businesses gone under? (Original Post) Botany Jan 2021 OP
Get thee to the greatest page malaise Jan 2021 #1
Many of our favorite local places will be gone. This will not be the only change we see Irish_Dem Jan 2021 #2
The various Covid-19 stimulus programs have kept lots of businesses from going under Klaralven Jan 2021 #3

Irish_Dem

(47,453 posts)
2. Many of our favorite local places will be gone. This will not be the only change we see
Tue Jan 5, 2021, 12:23 PM
Jan 2021

when this is all over.

 

Klaralven

(7,510 posts)
3. The various Covid-19 stimulus programs have kept lots of businesses from going under
Tue Jan 5, 2021, 12:24 PM
Jan 2021

But they are zombies by now, and they will fail once the artificial support goes away.

There will be lots of bankruptcies, foreclosures, evictions etc this year and next before the economic effects are worked out.

There are major structural changes in the economy happening. Many of the closed businesses fall in the "discretionary services" category. Once the economy resets after the closure, the consumer is not likely to resume old habits quickly. Furthermore, consumption of services that once provided the consumer with status among their peers, may no longer have that effect.

Latest Discussions»General Discussion»Trump's Legacy: Have mor...