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Shutdown Hits Industries Nationwide (wsj.com)
The partial government shutdown is affecting a wide range of business and financial concerns nationwide. From a report: Shuttered government offices are stalling the approval of new loans, initial public offerings, the processing of tax documents, and the approval of new products such as prescription drugs, among other effects. While some programs are reopening on a temporary basis or providing workarounds for affected companies, most services won't return to normal until the government fully reopens and 800,000 federal workers sift through the backlog.
Here is a round up of the impact: The partial closure of the Securities and Exchange Commission is delaying the ability of companies to open the IPO market. Companies that were seeking to list shares in January are delaying plans since the regulator has stopped reviewing and approving new and pending corporate registration statements. Airlines expect to have sluggish revenue growth in the first quarter in part because of revenue lost from government travel cancellations. Delta Air Lines Inc. Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel. The U.S. Food and Drug Administration has dramatically curtailed inspections of domestic facilities at food-processing companies during the shutdown, though unpaid inspectors have resumed work inspecting higher-risk products such as fresh fruits and vegetables, eggs, seafood and dairy products.
At the Internal Revenue Service, the shutdown has created delays in getting some employer identification numbers, holding up some routine business deals. Some small-business loans are also stuck in limbo. The Small Business Administration has stopped approving routine loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some owners to consider costlier sources of cash. The government process for reviewing proposed mergers has been slowed by the shutdown, but it is still operating. Businesses that have government contracts are feeling the strain across a variety of industries, including the building of highways and bridges.
Here is a round up of the impact: The partial closure of the Securities and Exchange Commission is delaying the ability of companies to open the IPO market. Companies that were seeking to list shares in January are delaying plans since the regulator has stopped reviewing and approving new and pending corporate registration statements. Airlines expect to have sluggish revenue growth in the first quarter in part because of revenue lost from government travel cancellations. Delta Air Lines Inc. Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel. The U.S. Food and Drug Administration has dramatically curtailed inspections of domestic facilities at food-processing companies during the shutdown, though unpaid inspectors have resumed work inspecting higher-risk products such as fresh fruits and vegetables, eggs, seafood and dairy products.
At the Internal Revenue Service, the shutdown has created delays in getting some employer identification numbers, holding up some routine business deals. Some small-business loans are also stuck in limbo. The Small Business Administration has stopped approving routine loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some owners to consider costlier sources of cash. The government process for reviewing proposed mergers has been slowed by the shutdown, but it is still operating. Businesses that have government contracts are feeling the strain across a variety of industries, including the building of highways and bridges.
"Delta Air Lines Inc Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel"
Delta had over $41 BILLION in revenue last year. I get it that everyone hates Trump, but this whole thing is wildly overblown.
You can't just blame it on Schumer, though, because budget bills have to start in the House. So far, the Democrats have refused to even consider writing a budget.
Not, this is the Democrat Shutdown. After the turned down Trump's deal before he even made it, they took complete ownership of this. There's no way any rational person can blame Trump. He's trying to negotiate - has been trying to negotiate this entire time - and the Democrats as a party refuse to listen to him. There's no way you can blame Trump - he's not the one refusing to make a deal.
Exactly.
800K federal workers saw trump true to end the shutdown, and democrats raced to the news cameras to reject it before they even heard the offer.
When asked why they don't counter-offer, their basic response is to repeat the wall won't work, it's a waste of money.
Imagine you are a furloughed federal worker, you haven't seen a paycheck since christmas, and you see Chuck and Nancy on TV explain that they are rejecting the offer to give you back pay because they are morally offended at the very idea of any additional border wall... Who would you blame for your continued situation?
Sure, buddy. $5.7B for what amounts to 1919 (or 1819, or 1719, you get the idea) 'border security' technology, when what we need is 2019 border security technology. We could spend a fraction of that on cutting-edge detection technology devices, and maybe some on additional personnel to patrol for when crossings are detected, and have better overall broder security than some stupid-ass wall that they'll climb over, fly over, or tunnel under. Futhermore, high-tech solutions to border security can be deployed in a fraction of the time it takes to build a wall, and also won't require invoking Eminent Domain on people's private property.
Ah, the "physical barriers don't work" argument. This is patently false and obviously not valid. Physical barriers DO work, which is why we already have them in many locations (such as along the southern border of California.) They OBVIOUSLY work better than a three barbed wire fence and a drone....
Look, you want to make the argument that because it's not perfect, it's not good. You make the perfect the enemy of the good, so you advocate we do nothing? I'm sorry, a physical barrier DOES help the situation by making it more difficult to just walk across the border willy nilly. It make the application of technology more effective by slowing down illegal entries and making the job harder.
Just having to build the tunnel slows down the illegals. Having to climb it, slows them down, buying an airplane ticket won't help.
I'd sat that if a property owner doesn't want the wall (a situation I would consider rare) we can do multiple things. 1. Just build the wall with them on the Mexico side (grin) and leave them to their own devices.. 2. Build the wall where the land owners allow it, funneling the illegals across their property and the damage these folks do. I have a feeling you will find that most land owners won't mind letting the wall get built....
So you need a better argument...
Remember.... The REAL issue here isn't about the money. It's about votes and who's going to control things after 2020. So the 800K folks who are basically unemployed are pawns in a political game. All over $5.7 billion... Looking long term, how do you think this will play out?
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
Hitler declared a national emergency after he had someone burn down the German congressional building. You Trump Traitors don't understand that government by national emergency is not how the United States of America functions.
Trump's national emergency would immediately be tied up in the courts.
Presidents don't close the government because they don't funding on specific budgetary items. I suppose in the backward racist world of Trump supporters that is how government should function.
https://en.wikipedia.org/wiki/Racial_views_of_Donald_Trump