I wish I could agree that the polarization was going to end. However, watching the Senate hearing today, I doubt that will happen. Treasury Secretary Mnuchin told the Senate to extend the loan program if they wanted. But all the Democrats said he could do it on his own and spent the entire hearing attacking him. That was after all the Republicans said the loan authority ends December 31. The solution is simple, pass a new small bill and provide needed stimulus. We can't afford the House bill with all its extras that have nothing to do with the economy. Both sides have to realize what can and can't be agree on and pass it.
Even simpler is to hand out the money that was allocated?
Yes, there was a proposal months ago to give a tax break for travel. Personally, I plan on visiting WDW at least 3 times and 4 if my wife can have both shots prior to the last weekend in January, so it would have no effect of me. I have DVC points that will expire at the end of January. But I am sure other people would be encouraged to go and that would help WDW rehire Cast Members.
It was a loan program, not a grant program. When Mnuchin was asked about why there was money left, see your question was smart, he said small businesses need grants not loans.
Full employment is and never has been the goal for any company. In fact there is actually a limit on the number of employees available in the Orlando market. Disney and Universal have the desire to grow their customer base. That means more hotels, restaurants, gift shops and rides. But they can't hire that many more people, so they need to be more productive. That is why we have self checkin. remote food ordering and other labor saving things and WDW had still increased their number of Cast Members to over 70,000 before Covid19. Eventually, they will build more resorts and enlarge all 4 of their themeparks and have over 80,000 cast members but it will take 5 years or more to get there.
I love the “incentive” stimulus ideas.
It’s gonna take five years for them to lift another finger.
When there is no oversight for loans below 2M and they are forgiven it is a grant program. The rest of the money should go to small business that are hurting not back to the treasury making the deficit look smaller.
That’s your opinion and water under the bridge at this point. Covid will eventually end regardless of who’s in the White House.
I don’t think Disney is going to get any kind of bailout. Airlines maybe, but I expect to see many bankruptcies in the travel industry.
I know a few at Disney Springs were also let go, but I dont know a total number. I'll ask around but I'm not sure anyone affected knows. I think you are right on the number being much higher. Marie
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