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Biden’s economy
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Anonymous
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Oh look. TGIF closes fifty locations.
Must just be an anomaly. :-/ https://www.cnn.com/2024/10/28/food/tgi-fridays-closures/index.html |
Anonymous
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Upgrade that to bankruptcy - 213 restaurants gone.
https://www.wavy.com/news/national/tgi-fridays-files-for-bankruptcy-protections/ |
Anonymous
The restaurant industry is doing fine and setting records. If TGIF isn't getting its share of these record revenues, it simply needs bankruptcy to streamline. "2024 will be the U.S. restaurant industry's biggest year ever in sales — $1.1 trillion by the end of December, per National Restaurant Association estimates. Driving the news: Total spending at U.S. food service establishments is expected to rise 5.4% this year, to $1.106 trillion, per the National Restaurant Association's annual "State of the Restaurant Industry" report. That's up from $1.049 trillion last year and $864 billion in 2019, the year before the pandemic. State of play: There were more than a million unfilled jobs in restaurants and accommodations at the end of March, Korsmo said, citing Bureau of Labor Statistics figures." https://www.axios.com/2024/06/05/restaurants-tipping-dining-food |
Anonymous
Private equity is draining all of these chains and driving them to bankruptcy. That’s our current form of capitalism. If you think JD Vance is going to do anything to stop it you are just being silly. |
Anonymous
It is a garbage chain that peaked in the late 1980's. People's tastes have evolved over the years. |
Anonymous
+1 these are mostly real estate plays. The private equity buys the chains, waters down the offerings, then close the stores, sell of the real estate while declaring bankruptcy; and having stripped out the value, leave the taxpayers holding the bag. |
Anonymous
This is what happened to Red Lobster as well. They separated the land and structure from the business operations and had the business pay rent. That, and the all-you-can-eat shrimp fiasco put them into bankruptcy. https://www.nbcnews.com/business/consumer/private-equity-rolled-red-lobster-rcna153397 |
Anonymous
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Anonymous
Yes TGIF had its peak in the 90s. This is not a surprise. Nobody has been eating TGIF for quite awhile. |
Anonymous
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It's so bizarre that people think Trump understands the economy. All of his plans will make inflation worse: tax cuts and tariffs.
https://www.nbcnews.com/business/economy/tariffs-economists-dont-rcna176164 https://taxpolicycenter.org/taxvox/note-governors-cutting-taxes-will-make-inflation-worse-not-better |
Anonymous
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Low information voters believe Trump will be better for the economy because they are not versed in economic policy and the minutia of it all. And they are not aware of Trump's actual bad business success. They just hear "billionaire."
But let's be real...MAGA...which is NOT the same as your average voter who thinks Trump is a businessman and may do better...doesn't beleive for a second Trump will be better. The economy is their smokescreen for voting for a guy who they hope will make others hurt worse than they do. |
Anonymous
This is absolutely false. The reference period is the week that includes October 12th. Boeing workers were on strike that entire week and not paid, therefore counted as unemployed on the BLS statistics. This stuff is easy to lookup, why lie? Also if you don’t see how the hurricanes caused people to not be paid the week of Oct 12th, then I don’t know how to help you. All the news reports include mentioning both effects. |
Anonymous
My property taxes and insurance are more than my house payment. Where TF have YOU led us? |
Anonymous
DP. I'm confused. Property taxes are county government and insurance is private sector and neither of them have anything to do with the Presidency. |