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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.
Why is keeping illegal border crossings open more important to Democrats than American's jobs? Really makes you wonder...
The world hasn't ended. I say we make it permanent and fire all furloughed workers. We might actually be able to balance the budge, and any companies that whine about lost revenue were just riding the gubmint gravy train anyway. Who's with me on this....
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?
Oh wait.. This ISN'T about the money is it? Democrats dropped $1 Trillion over 10 years on the ACA with a continued ever increasing entitlement without batting an eyelash (or taking time to actually read the bill), Of course that was something THEY wanted, so they where just dandy with writing that check and committing the government to writing bigger and bigger checks forever.
IF I was a democrat, I'd recommend that you not use the "we cannot afford this" argument card. It's a non starter. The reality is this expenditure is a way to save money over the decades to come, or certainly make our border protection efforts more effective and less costly. It would reduce the governmental service costs that get spent on illegals by more than the initial investment in just a few short years. Plus the lives saved alone (Both the illegals who die trying to cross the border and those who die from the drugs disease that illegally cross the border) would be worth every penny.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
Fuck you, you Trump Traitor.
The ACA is simply moving the country closer to what the rest of the civilized has: a public health system. And the rest of the civilized world pays less for their healthcare that the backwards USA.
Comparing the useless wall (which is just a shiny object for idiotic racists morons to dream about) to the healthcare system is truly stupid.
https://en.wikipedia.org/wiki/Racial_views_of_Donald_Trump
Ahh yes, the classic false dichotomy ," if government was good back then, then obviously more is better!"
NEWSFLASH bum, it isn't and it's not progress. A modest roll back of government regulations is a good thing.
And I say this as a liberal.
Looking forward to many more months of a government shutdown.
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
He expected Dems to just fold once he finished painting everyone in the corner and had no consideration on what to do in case Dems didn't fold. And now he has no idea on how to weasel out of the situation without folding himself.
Trump has an out, Pelosi/Dems don't.
Trump can declare a national emergency at the border and direct the Pentagon to redirect funds to wall construction - and with that Trump gets to build the wall, as promised.
Pelosi/Democrats have declared the wall "immoral" - how do you back down from that position without being seen as "caving"? Oh wait, it's only immoral in the desert - here in El Paso, over in San Diego, etc, it's actually quite effective?
Pelosi over-played her hand, now 800K federal employees are stuck without a paycheck because Pelosi said "immoral" not "a bad idea".
Walls work, $5BN in the federal budget is peanuts, and Trump has publicly offered a compromise - Democrats decided to reject the offer before it was even offered.
There are about 5.7 billion different dollar amounts Democrats could counter-offer with for border wall construction, they chose zero and keep repeating the Schumer fantasy about Trump slamming his hand on the table and walking out when they refused to compromise no matter what the President offered.
Ken
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
Trump then also proposed a compromise, which the Democrats rejected before Trump finished speaking. Before that point, yes Trump owned the shutdown. Now it is squarely in the camp of the Democrats who are unwilling to move even a little to end the shutdown.
"There is more worth loving than we have strength to love." - Brian Jay Stanley