The Senate’s Plan To Save Small Businesses Is Already Failing, And Mnuchin Just Made It Worse

Steven-Mnuchin-Mike-Pence-and-the-Coronavirus-Taskforce-March-2020-White-House-D-Myles-Cullen-Flick
(Photo Ricky Harris/The White House/Flickr
Photo White House/D. Myles Cullen/Flickr.)

BUSINESS

The Senate’s Plan To Save Small Businesses Is Already Failing, And Mnuchin Just Made It Worse

The details are out of Treasury now, and it looks like it isn’t going to work for a large number of small business owners after all.
Christopher Bedford
https://thefederalist.com/2020/04/08/the-senates-plan-to-save-small-businesses-is-already-failing-and-mnuchin-just-made-it-worse/

By Christopher Bedford
APRIL 8, 2020

Remember the deal the president signed to save America’s small businesses from ruin during the government’s coronavirus shutdown? The one hammered out by the Senate and Secretary of the Treasury Steven Mnuchin over weeks of tense negotiation while Americans worriedly watched, hoping good news might come before a depression does? The details are out of Treasury now, and it looks like it isn’t going to work for a large number of small business owners after all.

It isn’t going to work because the Senate’s formula allows far too little money to make up for a lost month and get through the following two or more while meeting the Senate’s demands. The Senate made these demands to protect workers, but did not provide the money a lot of businesses will need to protect workers and themselves. It’s just common sense, Washington will say, to protect workers and the taxpayer in these hard times.

Then, even if there was enough money, it isn’t going to work because Mnuchin crafted loan parameters that make it untenable for nearly all small businesses should the Senate’s demands not be met, which would mean the loan doesn’t qualify for forgiveness. Treasury did this last bit to protect the banks while pushing them to make loans they aren’t otherwise making. It’s just common sense, he’ll say, because local and regional banks couldn’t make a more generous deal work — a problem Mnuchin knew was coming the entire time the Senate negotiated, of course.

Here’s how it all plays out in real life. Imagine you own a restaurant with a gross revenue of $1.2 million a year, or $100,000 a month. This business employs eight people and has gross expenses of $1 million a year, or $85,000 a month. So in a normal year for your restaurant, you get to take home $200,000, minus taxes. A 20 percent profit, by the way, puts you above and beyond a lot of America’s small businesses, which will be dealing with tighter margins than the ones below.

Your monthly expenses don’t include buying goods anymore, because the government shut you down for the pandemic, but they still include rent or interest on your mortgage, the real estate tax, building insurance, maintenance and utilities, coming to $15,000 a month in your case. Then you have, say, $30,000 a month in payroll before taxes, and none of this includes your own pay. Now you need a loan.

The Senate’s loan amount is generated by multiplying a business’s monthly payroll by 2.5. The loan is meant to cover two months and can go toward your costs and utilities, but to qualify for grant forgiveness you need to retain your entire workforce and put at least 75 percent of the loan toward them.

At 2.5 times your monthly payroll, which is $30,000, you’re looking at a $75,000 loan. If this seems less than your needs, it’s because it is. You’re already in the hole because you saw a steep decline in business in March as the pandemic spread, but you didn’t know what was coming so you kept your full staff without earning near full revenue. Now you’ve got $75,000 for the next two months, but two months of payroll, rent and utilities swings in at $90,000 — $15,000 more than the loan that already doesn’t take last month into account. The city closed your restaurant the next two months too, by the way, so you won’t be earning a dime of revenue in that time.

By June, you’ve earned no income and you’re halfway through your year. If you could get roaring again right away you might make up some of that, but you’re a restaurant and unless a cure is suddenly widely available, occupancy will be severely limited by the state and revenue won’t be what it once was. It might not be profitable to open at all, given new distancing requirements and their impact on sales.

If you don’t make the Senate’s requirements, you have to pay that loan back, and thanks to Mnuchin, you’re not going to be able to do that either. In the bill, Congress set a window of a maximum interest of 4 percent and loan repayment within 10 years. This was just a window, so it was up to Treasury to set the final costs and they put them at 1 percent interest and two years to pay the bank.

In real life, that means you’re looking at beginning your third quarter in debt, limping on into the winter, losing an entire year’s profits getting your business running again, and owing nearly half of next year’s profits to the bank, all before any other loans you had to take out to keep from bankruptcy. You might have been able to spread that pain out, but two years is too little time.

And then there’s all the dictates Nancy Pelosi put into the bill in exchange for the Democrat vote. You might support the speaker and think that paid leave and health insurance requirements on small businesses are a noble policy, but you’ve got a lot on your mind and in addition to keeping everything afloat, taking this loan means you expose yourself to a lot of business costs very quickly at the onset of what might be an economic depression. Republicans gave you a tax credit to pay for it all, which is nice, but that’s at the end of the year — if you’re broke and out of business by then, it won’t mean anything.

Additionally, as your neighbors’ restaurants go under, the cost of the goods you need have increased. It’s a disaster. There’s no chance you’re making $200,000 in profits this year. Instead, with the private loans you finally pried out of the near-frozen banks, you’re in debt and left wondering what you’re doing here. The business you’ve worked for all these years just went down in a sea of shutdowns and disease, and there are jobs that pay well without all the risk and danger of being an entrepreneur and employing people in your community.

Like most other small business owners, you never wanted to own a giant company or a big house on the hill — just earn a good living working hard. It’s a sad thing, but the reality is most Americans prefer stability and assurances to risk and exposure, even with the chance of reward. That’s what makes our entrepreneurs different and what makes them special: They take the risk, and because they do, a whole lot of the rest of us have jobs, favorite places to go, sponsors for our children’s sports teams, and all the other things that make a town our town.

The above scenario is just one, and some folks might have lower or higher costs than your restaurant did, but you’re united with them in that risk you took to make America a better place for yourselves and your neighbors. Now that might be over, ended by a foreign disease, politicians who don’t get what it takes to run a business, and a Treasury secretary who only cares about Wall Street and the banks. It’s a terrible thing to see. Let’s pray Washington wises up — and hold them accountable if they don’t.

Christopher Bedford is a senior editor at The Federalist, the vice chairman of Young Americans for Freedom, a board member at the National Journalism Center, and the author of The Art of the Donald. Follow him on Twitter.
Photo Ricky Harris/The White House/Flickr
Photo White House/D. Myles Cullen/Flickr.

“Global dimming” is a plot to EXTERMINATE humanity by terraforming the atmosphere with SMOG pollution, killing Earth’s food crops and unleashing ecological collapse

China-City-Pollution-Smog 
TERRAFORMING has begun: “Global dimming” is a plot to EXTERMINATE humanity by terraforming the atmosphere with SMOG pollution, killing Earth’s food crops and unleashing ecological collapse
12/04/2018 / By Mike Adams
https://www.chemtrailsnews.com/2018-12-04-global-dimming-globalist-plot-to-eliminate-humanity-terraforming-food-crops-pollution.html

Now we come to the end game for humanity. This is it, folks: They have a plan to collapse global food production, kill off over 90% of the human race, devastate natural ecosystems and pollute the Earth’s atmosphere… and it’s all being sold to you under the banner of “environmentalism.”

The scheme is called “global dimming,” and it’s a dangerous geoengineering plot to spray billions of tons of smog into the atmosphere so that pollution levels would block sunlight and halt global warming. This is literally what the mad environmental scientists are now proposing — the very same people who have, for years, claimed that “chemtrails” are a conspiracy theory and don’t exist. Now, all of a sudden, they want to chemtrail the entire planet in order to “save” us all from global warming.

“Stratospheric aerosol injection” now the new name for chemtrails / geoengineering

The global dimming scheme is, of course, based on spraying chemtrails into the upper atmosphere using thousands of high-altitude flights that release pollution to dim the sun. The very idea of “chemtrails” has, until now, been mocked by the media and the science establishment, who have for years claimed the very idea of chemtrails is a lunatic conspiracy theory. So they’ve changed the name to “stratospheric aerosol injection,” and they now have a science paper that outlines all the costs involved.

“We lay out a future solar geoengineering deployment scenario of halving the increase in anthropogenic radiative forcing,” writes Wake Smith and Gernot Wagner in their paper, “Stratospheric aerosol injection tactics and costs in the first 15 years of deployment.” Published in Environmental Research Letters, you can view the full text of the study at this link.

Geoengineering is another term that many people use synonymously with “chemtrails.” And now it’s a strategy being openly advocated by scientists to halt so-called “climate change,” a fake science hoax that has been perpetrated on the world by power-hungry globalists who want humanity to surrender to global rule in the name of “saving the planet.”

The study cites the specific aircraft that would be needed to achieve chemtrails pollution. “[P]urpose-built high-altitude tanker with substantial payload capabilities” would be deployed to spray sulfur dioxide into the atmosphere. The paper proposes 4000 flights a year, costing $2.25 billion per year, continuing over 15 years to make sure the atmosphere is significantly polluted to dim the sun and achieve the terraforming goals of globalists (see more details, below).

In the conclusion of their abstract, the study authors explain the program would require, “thousands of flights annually by airliner-sized aircraft operating from an international array of bases,” making it almost impossible to keep secret.

Of course, this very program has already begun, and secrecy isn’t necessary when you have the entire media and science establishment condemning any belief in chemtrails as a form of mental illness. So just remember: As they pollute the skies and dim the sun, if you point out that they’re polluting the skies and dimming the sun, you’re a “conspiracy theorist.”

And there’s no such thing as chemtrails, you see. Nope, it’s “stratospheric aerosol injection” now, which sounds almost sciency. That’s how this program is already being perpetrated right under our noses, right now, even while the media runs a global cover-up to dismiss such ideas as bizarre theories.

The global controllers hope you never read the science papers, of course, because there, geoengineering is routinely cited and even advocated as the “solution” to climate change.

Stratospheric Aerosol Injection (SAI) explained… and yeah, it’s just another name for chemtrails

“Stratospheric Aerosol Injection (SAI) would require lofting hundreds of thousands to millions of tons of material each year to altitudes up to ~20 km,” explain study authors. They also ask, “Could it be done in secret?”

The study offers heavy discussion on the design and costs of aircraft that could deliver the planned pollution to the upper atmosphere:

IPCC (2018) states that ‘there is high agreement that aircrafts after some modifications could inject millions of tons of SO2 in the lower stratosphere (~20 km)’.

The overall goal of the geoengineering program is to inject 5 million tons of SO2 (sulfur dioxide, otherwise known as “smog”) into the atmosphere. Achieving that goal, “assumes a rational actor seeking to implement a scientifically sensible SAI program,” write the study authors, somehow claiming it is “rational” to disperse mass pollution across the atmosphere of your own planet. The same authors also claim this program must be conducted, “purely out of humanitarian and environmental considerations.”

Shocking realization: This is terraforming planet Earth to collapse the global food supply and kill off humans

In considering the sheer lunacy of the “Stratospheric Aerosol Injection” plan, I feel compelled to state that these climate change / global warming scientists are dangerously insane sociopaths and they must be stopped before they murder us all. These lunatics, if given enough government funding, will literally murder our planet and destroy human civilization. Such is the cost of the decades of false propaganda in our public schools that has brainwashed children into believing “climate change” is real and must be halted. The schemes now being proposed to halt this non-existent problem will, themselves, bring about the global destruction that children are being warned about with global warming.

This global pollution / terraforming program, if allowed to continue, could unleash the following devastating consequences, especially if deployed at a time when the sun is in its own dimming cycle that would accelerate global cooling.

#1) Global collapse of food crops – The reduction in solar radiation caused by geoengineering, combined with the natural cycle of global cooling from sun cycles, could produce a sharp reduction in food crop production across the globe. This would result in increased food prices and reduced food supplies, adding to vectors for civil unrest and “climate refugees” invading First World nations to escape starvation.

#2) Global rise in cancer from vitamin D deficiency – Reduction in solar radiation reaching the surface of the planet would exacerbate vitamin D deficiencies that already strongly contribute to cancer fatalities around the world. Sunlight is currently the primary source of vitamin D for billions of world citizens. Dimming the sun would be a death sentence for millions each year who would suffer the dire consequences of chronic vitamin D deficiencies.

#3) Global drop in IQs due to increased air pollution – Increases in air pollution have been scientifically found to lower children’s IQs. In addition, air pollution is scientifically documented to damage DNA in the womb, increase the risk of ventricular arrhythmia and increase the risk of bone loss in humans.

#4) Massive loss of habitat and ecosystems due to decreased sunlight and colder temperatures – Entire ecosystems — such as rainforests — could be devastated by a pollution-initiated drop in solar radiation. Marine ecosystems also rely heavily on solar radiation to power the photosynthesis of ocean plants such as seaweeds, grasses and algae, which serve as a pillar food source for the entire marine food web. Dimming the sun would have devastating consequences for all ecosystems on the planet, resulting in a catastrophic loss of life, habitat and eco-diversity.

#5) Huge increase in global acid rain that will devastate forests and food crops – The mass injection of SO2 into the atmosphere will result in SO2 being dispersed into lower levels of the atmosphere over time. There, mixed with rain storms, it will create sulfurous acid, otherwise known as acid rain. This acid rain will devastate forests and food crops and result in the acidification of crop soils, destabilizing soil microbes and leading the widespread crop losses.

#6) Decreased plant production of oxygen that’s necessary for humans, primates and mammals to survive – Nearly all plants depend on solar radiation for photosynthesis, which uses CO2 as a “fuel” and produces oxygen (O2) as a byproduct. Reducing solar radiation through chemtrails pollution would reduce the production of oxygen by plants, resulting in a global fall in atmospheric oxygen levels, ultimately leading to the mass asphyxiation of humans, primates and mammals if allowed to continue. Even the EPA (see source below) admits that SO2 interferes with human respiration and makes it difficult for people to breathe.
Photosynthesis-600

Even the EPA recognizes sulfur dioxide as a dangerous pollutant that makes it difficult for humans to breathe

Note carefully that the geoengineering efforts being advocated to dim the sun are based on sulfur dioxide, a known pollutant. “Short-term exposures to SO2 can harm the human respiratory system and make breathing difficult,” warns the EPA. “…[G]aseous SOx can harm trees and plants by damaging foliage and decreasing growth… SO2 and other sulfur oxides can contribute to acid rain which can harm sensitive ecosystems,” the EPA writes.

In other words, it isn’t even debated whether sulfur dioxide is a pollutant. It’s smog (or technically, it reacts to create smog), and the very idea that mass polluting the atmosphere with SO2 would somehow “save” the planet is rooted in nothing less than advanced psychosis or some other dangerous form of mental illness. That such schemes are marketed under the banner of “science” just shows how twisted the institution of science has now become.

Why would any rational institution seek to mass pollute our entire planet and destroy food crops, forests, mammals, primates and humans? The answer is even more shocking than the proposal itself, it turns out. Keep reading, as one possible explanation for all this continues below…
Stratospheric-Aerosol-Injections-Liberals-600

It wasn’t long ago that scientists warned about “global cooling” and the coming Ice Age

It was only a generation ago that young scientists were being warned that Earth was entering a “global cooling” crisis that would bring about a whole new ice age. This was the climate panic of the 1970s and early 1980s. Today’s older scientists remember the warnings quite well. We were all told that if we didn’t find a way to warm the planet, we would all perish as Earth was turned into a ball of ice.

Beginning in the 1990s, the scientists flipped the script, reversing their warning and suddenly claiming the problem was too much heat. We were all going to die from global warming if we didn’t change something, we were told. A decade or so later, when it was revealed that government science scammers were faking all the warming data, they changed the scam to “climate change,” since they couldn’t scientifically support either warming or cooling.

Here’s the cover of TIME Magazine from 1977, which warns, “How To Survive The Coming Ice Age,” then urges readers to get on board to save the planet, saying, “51 Things You Can Do to Make a Difference.”
Time-Magazine-Ice-Age-400

Today, we’re told the most absurd, insane things by these scientists who insist that the climate never changed at all before the year 1920, with the rise of the combustion engine and “human activity.” And now we’re constantly terrorized by the fake news media into thinking that if we don’t pollute the Earth’s atmosphere with smog, we will all somehow die from the rise of carbon dioxide, the No. 1 most important greening nutrient for plants, forests and food crops.

So now they’ve decided they have to poison the atmosphere to fight climate change, and they’ve got about a billion gullible world citizens convinced that this is somehow an amazing idea. What they would really unleash, of course, is absolutely catastrophic to all life on our world. Remember: They want to disperse billions of tons of sulfur dioxide (smog) into the atmosphere through massive government-funded chemtrailing of the planet. The question now emerges: Is the destruction of humanity deliberate? If so, who would hatch such a nefarious plan?

Geoengineering is a planet-wide weapon system being deployed to eliminate human life on Earth while terraforming the planet for some other purpose

Here’s the cosmic inconvenient truth that Al Gore doesn’t want you to consider. What we are really witnessing here is the planned terraforming of planet Earth for some other purpose. And by “other,” I mean other than human.

If you wanted humans to thrive on planet Earth, you would not unleash mass pollution, acid rain, food crop failures, oxygen depletion and global dimming. You would, instead, try to reduce pollution, support plant life, enhance food crop production and protect global ecosystems from pollution. That’s the normal, rational thing that any human being would naturally want to pursue.

Yet we are subjected to these nefarious geoengineering schemes that directly contradict every principle of sustainable life on Earth. And it’s all described as a way to “save” the planet, even as it would destroy global life support for humans.

I can’t help but be reminded of the outstanding film Oblivion, starring Tom Cruise. In the film, the Cruise character thinks he’s protecting human civilization, but he’s actually (unknowingly) working for extraterrestrials who are stealing Earth’s resources and exterminating humans. The film is one of the best science fiction films of all time, and its story sounds eerily similar to what may be happening right now with so-called “geoengineering.”

Who (or what) would want to alter the atmosphere, decimate oxygen levels, destroy the food supply and collapse human civilization? The answer should be obvious: Something that is in competition with humans and sees no further use for humanity. Human life on Earth appears to be in the process of being “cleansed” in a cosmic ethnic cleansing scheme that will produce an altered, low-oxygen atmosphere that might prove advantageous to a life form which isn’t already part of Earth’s existing ecosystem. The reduction in solar radiation reaching Earth’s surface would make the planet more hospital to a life form that originated from a planet located farther from its home sun than Earth is from our own sun.

It raises the obvious, if bizarre-sounding, question: Are Earth’s globalists preparing the planet for a post-human era? And is that plan disguised as a “climate change” emergency course of action so that the sheeple can be told the mass pollution of the skies is a bold plan to save humanity rather than exterminate it? What if “climate change” is actually a cosmic false flag hoax that was designed from the very start to convince Earthlings to support their own extermination? Given the now-planned destruction of Earth’s atmosphere in the name of “climate change,” we must now consider such possibilities, no matter how bizarre they first seem.

Why are all the globalists suddenly talking about escaping to Mars and terraforming Mars into a habitat where humans can survive? Why are globalists now so desperate the alter Earth’s atmosphere and make the planet inhospitable to humans? Why such a recent focus on the Arctic seed vault to preserve the seeds of life in preparation for a global cataclysm? Why are so many globalist insiders building underground bunkers and living in them?

I don’t have the answers to all these questions, but I do know that the fairy tale stories we’re being told about “climate change” and how we must save the planet by polluting the skies are rooted in complete quack science fiction and brainwashing propaganda.

On the other hand, if humans are stupid enough to destroy their own planet in the name of saving the planet, perhaps they’re simply not qualified to participate in an intelligence universe after all. Natural selection, after all, is likely playing out on a cosmic scale, and Earth appears to be flunking the cosmic IQ test that wonders, “Hey, is that civilization stupid enough to commit suicide based on a fairy tale hoax?”

So far, it appears the answer for Earth and humans is a resounding “Yes!”

This entire topic, by the way, will be featured in this Sunday’s broadcast of Counterthink, airing at 6pm cental at InfoWars.com, with the full episode also appearing at Counterthink.com a few days later. Don’t miss it.