Mom-and-Pop Business Bankruptcies Hit a Record as Debts Rise

[1srelluc]

Today's "Mom & Pop" stores are mostly owned/operated by foreigners who receive all kinds of tax and other breaks.

Enjoy your $2.00+ pastry that's a buck at the dollar store.

 

[Stryder50]

Democrat governors were the main culprits in closing them down.

Do you have ANY experience running a small business? II have decades of such, myself.

Definitely the case here in my state, Washington.
Our Democrat governor essentially became a dictator using his emergency powers, shutting down most businesses, schools, and churches. And doing so for over two years.

 

[Stryder50]

Nonsense. Everyone followed Trump’s CDC recommendations. He oversaw dozens of CDC press conferences and was the ultimate authority in virus response. Biden OPENED the nation in March/April thanks to the vaccines the Trump administration kicked off and supported.

Many exceeded those recommendations.
Democrat governor of my state went full Nazi dictator for almost three years, using COVID as justification.

 

[martybegan]

Many exceeded those recommendations.
Democrat governor of my state went full Nazi dictator for almost three years, using COVID as justification.

Blue State Summer 2022 I was almost denied staying at the dorms of my old college for my 25th reunion because I only had 2 COVID shots, not 3 or 4.

And all the kids, the ones with the least to worry about, were all still masking in terror.

 

[yidnar]

Nonsense. Everyone followed Trump’s CDC recommendations. He oversaw dozens of CDC press conferences and was the ultimate authority in virus response. Biden OPENED the nation in March/April thanks to the vaccines the Trump administration kicked off and supported.

Trump didn't instruct blue states to shut down small business for months and months on end ..

 

[Stryder50]

Trump didn't instruct blue states to shut down small business for months and months on end ..

Correct !
That was their choice and over-bearing.
Meanwhile those same states did nothing about the mass gathering of protesters/rioters during the Summer of 2020.

 

[Woodznutz]

Small businesses exist in the shadow of big business. Just a small downturn in big business can be disastrous for small businesses.

"All economics is trickle down." -Woodznutz

 

[citygator]

Many exceeded those recommendations.
Democrat governor of my state went full Nazi dictator for almost three years, using COVID as justification.

Not true.

 

[citygator]

You guys are funny. I made more money during covid than I had ever made up to that point.

If democrats were responsible for the business cycle in 2021 then we should ALWAYS elect democrats.

Annual corporate profits U.S. 2023| Statista

In 2023, corporations in the U.S.

www.statista.com

 

[del carr]

Could it just be consolidation? Big box stores are taking over the landscape. Stores like Dollar General are popping up everywhere.

I'm not saying that is the reason, but just throwing it out there.

 

[Dekster]

Could it just be consolidation? Big box stores are taking over the landscape. Stores like Dollar General are popping up everywhere.

I'm not saying that is the reason, but just throwing it out there.

First thing that popped into my mind was restaurants.

 

[Rambunctious]

You can't push a button and solve the Biden economic devastation overnight....

 

[initforme]

Small businesses exist in the shadow of big business. Just a small downturn in big business can be disastrous for small businesses.

"All economics is trickle down." -Woodznutz

Big business needs to be regulated heavily.

 

[gipper]

Big business needs to be regulated heavily.

True, yet it isn’t regulated.

In fact, big business buys regulators like it buys politicians. So, it gets government protections.

We’re living in a crony capitalist or quasi-Fascist economy. It’s obvious to anyone informed, but dumb Americans cling to myths indoctrinated in them in grade school.

 

[gipper]

inherited from the last admin .. but Trump promised he'd make things better .. if he doesn't the party that presided over the highest inflation in decades will win big in the midterms ..

It’s the way of the uniparty, yet many Americans haven’t figured it yet even though it’s obvious.

Back and forth we go between two colluding parties controlled by billionaires and big corporations. Nothing changes other than things get worse for 90% of Americans.

Time for a big change.

 

[Mac1958]

This is not the sign of a booming economy. Americans from all walks of life are taking notice of this. This is why Trump's approval is so low and why an R+10 seat in Tennessee is seemingly competitive today in a special election, despite the Democratic candidate being a far left extremist.

High borrowing costs, cautious consumers and the Trump administration’s trade war are weighing on earnings for the smallest businesses while owners’ optimism fell to a six-month low in October. The number of Subchapter V cases is rising faster than the overall rate for Chapter 11 bankruptcies, which businesses and wealthy individuals typically use to restructure their debts.

Year to date through November, Subchapter V cases increased more than 8% to 2,221, compared to the same period last year, Epiq data show. At the same time, Chapter 11 petitions are up about 1% to a little more than 6,000. Epiq collects information from the federal courts on the various types of bankruptcies filed every day in the US.

MSN

Well, your priorities are clearly in the wrong place.

What matters is how Trump and his friends are doing. Why? Because they care.

The wealth of the top 1% reaches a record $52 trillion

 

[Mac1958]

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts

 

[Woodznutz]

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts

Big business sneezes and small business gets pneumonia.

 

[Hafar1014]

Big business sneezes and small business gets pneumonia.

So when a large factory opens we see small business pop up nearby. Resturants coffee shops bars etc

 

[Woodznutz]

So when a large factory opens we see small business pop up nearby. Resturants coffee shops bars etc

Like spring flowers.