DC gov giving $50,000 to restaurants "to remain operational"

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

Bail outs are always Republican ideas. Please.

Republicans typically give loans or take equity stakes in companies, and the taxpayer usually ends up making money. As of today, the government has an unrealized gain of $42 billion from its stake in Intel. Giving any shitty restaurant that asks for $50,000 in exchange for nothing at all is something else entirely.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

The problem is our current orange dictator has destroyed the local economy thanks to DOGE (all while pillaging citizens’ data, appointing drunkards and tv stars to leadership positions, and making himself and his billionaire buddies even wealthier).

And to the extent any jobs have been “gained” in this region, they’re mostly lower paying jobs that do not actually make up for the lost white collar jobs because no one in either party seems to want to reign in private equity, limit H1Bs, or regulate AI in order to salvage decent-paying knowledge jobs. Then add in a stupid war, inflation, spiking gas prices (which makes the cost of transporting food more expensive), and lack of leisure time due to strict RTO and people working multiple gig jobs, and many people just do not have the time nor money to go out to an expensive restaurant on any frequent basis.

Also the cost of everything like college, housing, etc. is through the roof. I’d rather add to my kids’ 529s than pay for a sitter to go eat a $200 dinner somewhere nice.

DC has the highest unemployment rate in the country and our government and the mayoral candidates have no plan to try to fix it, except blame Trump.

How are they supposed to fix it? They can’t bring federal jobs and contracting back. And it’s hard to bring in new high paying industries when AI is causing mass layoffs. There’s no room for data centers (thankfully) or other industries that require a lot of physical space. RTO was not the economic boon it was made out to be. And to the extent any new businesses (maybe healthcare related?) can be brought it, it will take years to fix.

Sometimes there is a villain to blame. Trump did this to DC and is now running up the national debt for his stupid golden ballroom and war.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

The problem is our current orange dictator has destroyed the local economy thanks to DOGE (all while pillaging citizens’ data, appointing drunkards and tv stars to leadership positions, and making himself and his billionaire buddies even wealthier).

And to the extent any jobs have been “gained” in this region, they’re mostly lower paying jobs that do not actually make up for the lost white collar jobs because no one in either party seems to want to reign in private equity, limit H1Bs, or regulate AI in order to salvage decent-paying knowledge jobs. Then add in a stupid war, inflation, spiking gas prices (which makes the cost of transporting food more expensive), and lack of leisure time due to strict RTO and people working multiple gig jobs, and many people just do not have the time nor money to go out to an expensive restaurant on any frequent basis.

Also the cost of everything like college, housing, etc. is through the roof. I’d rather add to my kids’ 529s than pay for a sitter to go eat a $200 dinner somewhere nice.

DC has the highest unemployment rate in the country and our government and the mayoral candidates have no plan to try to fix it, except blame Trump.

How are they supposed to fix it? They can’t bring federal jobs and contracting back. And it’s hard to bring in new high paying industries when AI is causing mass layoffs. There’s no room for data centers (thankfully) or other industries that require a lot of physical space. RTO was not the economic boon it was made out to be. And to the extent any new businesses (maybe healthcare related?) can be brought it, it will take years to fix.

Sometimes there is a villain to blame. Trump did this to DC and is now running up the national debt for his stupid golden ballroom and war.

DC is a very hostile place to employers. Maybe the government could try not being complete dicks to businesses?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

Bail outs are always Republican ideas. Please.

Republicans typically give loans or take equity stakes in companies, and the taxpayer usually ends up making money. As of today, the government has an unrealized gain of $42 billion from its stake in Intel. Giving any shitty restaurant that asks for $50,000 in exchange for nothing at all is something else entirely.

The "unrealized gain" in Intel is just a grant, corporate welfare by any other name. Complaining about 50k when you waste 42 BILLION STFU

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

Bail outs are always Republican ideas. Please.

Republicans typically give loans or take equity stakes in companies, and the taxpayer usually ends up making money. As of today, the government has an unrealized gain of $42 billion from its stake in Intel. Giving any shitty restaurant that asks for $50,000 in exchange for nothing at all is something else entirely.

The "unrealized gain" in Intel is just a grant, corporate welfare by any other name. Complaining about 50k when you waste 42 BILLION STFU

You have no idea what an unrealized gain is, do you?

The government got 433 million shares of Intel at $20.47. Intel's current stock price is $118. The unrealized gain is the profit the government would make if it sold all of its shares.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Downtown is dead but go into ay DC neighborhood like Shaw, Petworth, Columbia Heights and you'll see restaurants and bars thriving. But they still need help. That's what this grant is trying to do. Not help the big investors but the small business owner who employs her neighbors. $50k is a drop int he bucket to the corporate handouts that are given but everyone is up in arms. And that $50k investment gets spent in the community, employing people, buying from other local businesses, paying taxes

What an incredible waste of tax dollars. People don't go out to eat because it's expensive as fkuc and there's nowhere to park.

You don't live in the city or you wouldn't be worrying about parking. So it's not your tax dollars and not your concern. As an actual DC resident, restaurants are our neighbors and our arteries and I don't consider helping our our neighbors to be a waste of money.

This has to be the absolute dumbest comment yet.

Why? It's true. We live in DC and don't know a single DC resident who drives to a DC restaurant. Not a single one. Like, ever.

You don't live in the city and your opinion on how our tax dollars are spent is irrelevant. Worry about Maryland or Virginia.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is $50K enough to save a restaurant? Maybe for a few weeks, or less...

There are teachers at my kids school who dont make a lot more than $50,000

Your kid's school pays its teachers like shit then.

No kidding. The DC government starves charter schools of cash, even though half the kids in this city attend them.

DC public school teachers make way more than that, even to start, and overall are the highest paid in the area. And our charter school teachers don't make much less. So what school are you talking about? It can't be a very good one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Downtown is dead but go into ay DC neighborhood like Shaw, Petworth, Columbia Heights and you'll see restaurants and bars thriving. But they still need help. That's what this grant is trying to do. Not help the big investors but the small business owner who employs her neighbors. $50k is a drop int he bucket to the corporate handouts that are given but everyone is up in arms. And that $50k investment gets spent in the community, employing people, buying from other local businesses, paying taxes

What an incredible waste of tax dollars. People don't go out to eat because it's expensive as fkuc and there's nowhere to park.

You don't live in the city or you wouldn't be worrying about parking. So it's not your tax dollars and not your concern. As an actual DC resident, restaurants are our neighbors and our arteries and I don't consider helping our our neighbors to be a waste of money.

This has to be the absolute dumbest comment yet.

Why? It's true. We live in DC and don't know a single DC resident who drives to a DC restaurant. Not a single one. Like, ever.

You don't live in the city and your opinion on how our tax dollars are spent is irrelevant. Worry about Maryland or Virginia.

I live in the city you moron. Either you live in an insanely tiny bubble, never leave your neighborhood, are lying, or all three. Regardless, you have absolutely no integrity or credibility.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

Bail outs are always Republican ideas. Please.

Republicans typically give loans or take equity stakes in companies, and the taxpayer usually ends up making money. As of today, the government has an unrealized gain of $42 billion from its stake in Intel. Giving any shitty restaurant that asks for $50,000 in exchange for nothing at all is something else entirely.

The "unrealized gain" in Intel is just a grant, corporate welfare by any other name. Complaining about 50k when you waste 42 BILLION STFU

You have no idea what an unrealized gain is, do you?

The government got 433 million shares of Intel at $20.47. Intel's current stock price is $118. The unrealized gain is the profit the government would make if it sold all of its shares.

This is corporate welfare fool. The government id not allowed to vote, not getting dividends, not able to sell their shares.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Downtown is dead but go into ay DC neighborhood like Shaw, Petworth, Columbia Heights and you'll see restaurants and bars thriving. But they still need help. That's what this grant is trying to do. Not help the big investors but the small business owner who employs her neighbors. $50k is a drop int he bucket to the corporate handouts that are given but everyone is up in arms. And that $50k investment gets spent in the community, employing people, buying from other local businesses, paying taxes

What an incredible waste of tax dollars. People don't go out to eat because it's expensive as fkuc and there's nowhere to park.

You don't live in the city or you wouldn't be worrying about parking. So it's not your tax dollars and not your concern. As an actual DC resident, restaurants are our neighbors and our arteries and I don't consider helping our our neighbors to be a waste of money.

This has to be the absolute dumbest comment yet.

Why? It's true. We live in DC and don't know a single DC resident who drives to a DC restaurant. Not a single one. Like, ever.

You don't live in the city and your opinion on how our tax dollars are spent is irrelevant. Worry about Maryland or Virginia.

I live in the city you moron. Either you live in an insanely tiny bubble, never leave your neighborhood, are lying, or all three. Regardless, you have absolutely no integrity or credibility.

No, you don't. Or if you do, you're not driving to restaurants and worrying about paying to park. Your post is bullshit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is $50K enough to save a restaurant? Maybe for a few weeks, or less...

There are teachers at my kids school who dont make a lot more than $50,000

Your kid's school pays its teachers like shit then.

No kidding. The DC government starves charter schools of cash, even though half the kids in this city attend them.

DC public school teachers make way more than that, even to start, and overall are the highest paid in the area. And our charter school teachers don't make much less. So what school are you talking about? It can't be a very good one.

DCPS teachers make a ton. They make fun of how much teachers at some charters make. Ours is one of the top three or four schools in the city.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

Bail outs are always Republican ideas. Please.

Republicans typically give loans or take equity stakes in companies, and the taxpayer usually ends up making money. As of today, the government has an unrealized gain of $42 billion from its stake in Intel. Giving any shitty restaurant that asks for $50,000 in exchange for nothing at all is something else entirely.

The "unrealized gain" in Intel is just a grant, corporate welfare by any other name. Complaining about 50k when you waste 42 BILLION STFU

You have no idea what an unrealized gain is, do you?

The government got 433 million shares of Intel at $20.47. Intel's current stock price is $118. The unrealized gain is the profit the government would make if it sold all of its shares.

This is corporate welfare fool. The government id not allowed to vote, not getting dividends, not able to sell their shares.

You are an idiot. The govenment can sell its shares, and if you don't think the White House isn't telling Intel what to do, I have a bridge to sell you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is the road go hell always paved with progressive ideas?

The problem is our current orange dictator has destroyed the local economy thanks to DOGE (all while pillaging citizens’ data, appointing drunkards and tv stars to leadership positions, and making himself and his billionaire buddies even wealthier).

And to the extent any jobs have been “gained” in this region, they’re mostly lower paying jobs that do not actually make up for the lost white collar jobs because no one in either party seems to want to reign in private equity, limit H1Bs, or regulate AI in order to salvage decent-paying knowledge jobs. Then add in a stupid war, inflation, spiking gas prices (which makes the cost of transporting food more expensive), and lack of leisure time due to strict RTO and people working multiple gig jobs, and many people just do not have the time nor money to go out to an expensive restaurant on any frequent basis.

Also the cost of everything like college, housing, etc. is through the roof. I’d rather add to my kids’ 529s than pay for a sitter to go eat a $200 dinner somewhere nice.

DC has the highest unemployment rate in the country and our government and the mayoral candidates have no plan to try to fix it, except blame Trump.

How are they supposed to fix it? They can’t bring federal jobs and contracting back. And it’s hard to bring in new high paying industries when AI is causing mass layoffs. There’s no room for data centers (thankfully) or other industries that require a lot of physical space. RTO was not the economic boon it was made out to be. And to the extent any new businesses (maybe healthcare related?) can be brought it, it will take years to fix.

Sometimes there is a villain to blame. Trump did this to DC and is now running up the national debt for his stupid golden ballroom and war.

They could fix it by being pro business:

-streamline permitting times to do any type of business, whether it be opening a small shop, or developing a piece of real estate. It took literally 2 years to do a heavy up and meter relocation in a small multifamily building we own.

-lower taxes so corporations actually want to be located here. How can we compete with even Virginia when the corporate and income tax rate is significantly lower, let alone the Texases and Tennessees of the world, where capital seems to be gravitating towards. And no I’m not saying we need to be Texas level taxes, but we need to be reasonable.

-spend government money on endeavors that directly create jobs and economic activity — construction projects, etc

-lessen transfer payments that maintain a permanent unproductive underclass, and tie all transfer payments to work requirements.

[Anonymous]

Anonymous wrote:I'm starting to think that maybe I-82 wasn't a good idea...

https://mayor.dc.gov/release/mayor-bowser-launches-nearly-4-million-restaurant-retail-stabilization-grant-support-local

This means we eat free, right? Gonna book me a table at Rasika now.

[Anonymous]

Anonymous wrote:This isn't about I-82.

It is about the decimation, between COVID and trump layoffs, of downtown DC.

A reduction of downtown DC by 10% requires this level of intervention? Which of these restaurants are too big to fail?