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Message
re: I'm on the verge of filing bankruptcy.....
Posted on 2/11/24 at 6:10 pm to GenPatton
Posted on 2/11/24 at 6:10 pm to GenPatton
Thanks for your service and hopefully you can turn it around. The stress and weight of leading a company with 10 staff and being responsible for their livelihoods whether temporary or long-term is tough.
As for everyone else, let's recognize that inflation was started/fueled by the Trump Admin and extended/heightened by Biden and the Fed.
2017 Tax and Jobs Act under Trump includes 100% bonus depreciation through 2022 and 80% in 2023. This has fueled spending.
PPP and enhanced EIDL were under Trump.
Low rates were under both Trump and Biden - but mostly an issue under Biden. The Fed should all be fired and sanctioned for their false "transitional" inflation BS. They got it wrong and we're all paying for it for the next 10 years.
IIJA (Infrastructure), ARPA, and IRA have been under Biden as well as widespread student loan forgiveness, fiscally poor union support, and pension recovery funds. Much of this spending is irresponsible and IRA is not reducing inflation.
Ukraine, in my opinion, is buffering us from a bigger war, but I understand both positions. We need that war to end.
Israel support should be for defensive help, not offensive attacks.
Good luck to all of us in this new economy. Dollar is being challenged. Crypto is a ponzi scheme in many ways and will be the fall of some great nations.
As for everyone else, let's recognize that inflation was started/fueled by the Trump Admin and extended/heightened by Biden and the Fed.
2017 Tax and Jobs Act under Trump includes 100% bonus depreciation through 2022 and 80% in 2023. This has fueled spending.
PPP and enhanced EIDL were under Trump.
Low rates were under both Trump and Biden - but mostly an issue under Biden. The Fed should all be fired and sanctioned for their false "transitional" inflation BS. They got it wrong and we're all paying for it for the next 10 years.
IIJA (Infrastructure), ARPA, and IRA have been under Biden as well as widespread student loan forgiveness, fiscally poor union support, and pension recovery funds. Much of this spending is irresponsible and IRA is not reducing inflation.
Ukraine, in my opinion, is buffering us from a bigger war, but I understand both positions. We need that war to end.
Israel support should be for defensive help, not offensive attacks.
Good luck to all of us in this new economy. Dollar is being challenged. Crypto is a ponzi scheme in many ways and will be the fall of some great nations.
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