Are a record number of mom and pops going bankrupt? Kinda but not really | Gene Marks

SO I THINK THIS STORY IS BEING TWISTED A BIT 🤑💸. 22,221 filings for subchapter V bankruptcy doesn't sound like a lot when you think about all the businesses out there trying to make it. AND IT'S NOT LIKE THESE BUSINESSES AREN'T DOING WELL MOST OF THE TIME 📈💪. It's just that some people are having trouble and they don't want to go through the hassle of bankruptcy. SUPPLIERS EVEN WRITE OFF LOSSES AND MOVE ON, SO IT'S NOT LIKE THERE AREN'T ANY BUSINESSES GETTING HELP 💸👍.
 
lol what's up with these "record" numbers anyway? 🤔 2k+ filings under subchapter V just means some ppl r struggling more than others & need help 😞 but let's be real, 33m businesses in the US are still doing their thang 💪 over 70% expecting revenue growth? that's fire 🔥 comerica bank got it right, small biz confidence is at an all-time high 📈 so no way we should jump on the bandwagon about trump & mom-and-pop bankruptcies not being a big deal 🙅‍♂️
 
I mean, come on, folks! 🤔 Let's get real for a second. This whole mom-and-pop bank bankruptcy thing just seems like another example of the 'small business' narrative being used to bash politicians. I'm calling foul – we need to look at the bigger picture here.

First off, the numbers are way more nuanced than they're making it out to be. We all know how easy it is to cherry-pick stats that fit a particular agenda. And let's not forget, there are over 33 million small businesses in this country – those numbers just don't add up when you consider them statistically.

Now, I'm not buying the 'trump policies are killing Main Street' narrative either. We need more context here. When Biden took office, what exactly did he do that led to a 25% increase in bankruptcies? Was it some kind of economic stimulus? A new tax reform? Or was it just plain old bad luck?

And let's talk about why so many business owners are walking away from struggling companies without filing for bankruptcy. Is it because they're afraid of Trump's policies? I think not. It's probably because the cost and stigma associated with bankruptcy outweigh any potential benefits.

I'm all for small businesses thriving, but we need to be careful not to get caught up in a narrative that's just too convenient. Let's keep things in perspective and focus on actual economic solutions rather than just using this as a wedge issue. 💸
 
omg u gotta see dis report lol 😂 2k22 wasnt so bad 4 small bizs 🤑 they're actually doin well most r expectin revenue growth like 70% 📈 nd dont even get me started on ppl thinkin trump policies r 2 blame 4 this rn 🙄 bankrutcy filings r still way lower than they used 2 b back in the day 👍 so lets not jump 2 conclusions here 1k repubs 1k dems 🤷‍♀️ wut's ur take on dis? 💬
 
So I'm looking at these numbers and my mind's like "okay, yeah, 2k something filings might seem alarming, but it's still a tiny fraction of the total number of small businesses out there". Like, we're talking about a record high for sure, but when you put it in perspective with all the other factors, it doesn't scream "Trump is the end of the world"... I mean, we've been through worse times before (hello COVID-19 😒) and business failures have always been part of the game. And let's be real, many small businesses aren't even bothering to file for bankruptcy just 'cause it's not worth the hassle - some owners just walk away and let suppliers eat the losses 🤑. So yeah, there might be some concerns about this trend, but I wouldn't jump to conclusions just yet...
 
idk what all the fuss is about 🤷‍♂️ i mean dont get me wrong small businesses r important but 2k21-22 was a tough time for alot of ppl the pandemic hit everyone hard 🤒 and ppl were stuck at home with no money so its kinda expected that some didnt make it thru 🤑 but dont blame trump for it 👎 just saying
 
You must log in or register to reply here.
Back
Top