Many situations people find themselves. The recession has laid bare the economic struggles of millions of American Families with almost no warning to the shutdown that claimed tens of millions of jobs and American Workers and families felt the ground fall from under them. The. The country was on the verge and so many have lost their livelihoods and exhausted their financial reserves. They are facing financial catastrophe. That growth hasnt been broadly shared starting in 2009 with 128 months of growth so many neighbors are facing financial catastrophe they do not fal falr r. E irreversible financial disaster. As businesses gradually reopen, many workers are coping with drastically reduced hours and lower paychecks that will not cover their bills. Even people fortunate enough to be returning to work will likely be struggling for some time to come the Child Tax Credit and earned income tax credit and it also supports workers with a more generous employer retention tax credit to maintain
Outset Public Policy was better safe than sorry knowing what we now know was the shutdown to extreme our 1st guest thinks so and if you listen to talk radio in the Dallas Fort Worth area his will be a familiar voice if youre in east texas you will recognize paul glazer from fox 51 and because paul owns radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of the cliff. Well to begin from the top immediately when when we got the word essentially that april was going to be canceled. It had an Immediate Impact and a lot of advertiser say well if im going to be closed i cant spend money i cant advertise that which i cant deliver so we took over a raft of cancellations that all came in essentially on the s
We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many find themselves. The covid19 recession has laid bear the economic struggles of millions of American Families with almost no warning the shutdown claimed tens of millions of jobs, and American Workers and families felt the ground ball from under them. Many had been just barely scraping by and unable to save much for a rainy day, and the sudden loss of income has left them nothing. Food banks are Unprecedented Demand in the country
June. There are segments of this economy that were very strong before the pandemic and they are resuming their strength. There are other ones that are just plain baffling. I think we are all surprised that retail is doing better, but then we remember target, walmart, costco, these places added people and then the incredible one, the only sector that really seems to be being heard is the one that has the social distancing problem which is restaurants it seems the travel and hospitality people are gearing up and i think that these numbers do reflect the reopening of some states that are now troubled, but i dont want to put a negative gloss on this these are just very strong numbers and we are not where we thought we were or we would be, say, eight weeks ago we had a Strong Economy before, were seeing the strength again. So is this kind of number an Apple Closing Stores number or is this a disney still on track to open in july number well, i think these are numbers where we really felt th
Outset Public Policy was better safe than sorry knowing what we now know was the shutdown to extreme our 1st guest thinks so and if you listen to talk radio in the Dallas Fort Worth area his will be a familiar voice if youre in east texas you will recognize paul glazer from fox 51 and because paul jones radio stations he has been a ground 0 for this economic crash because when people stay home businesses close and they stop advertising so paul take me back to early march when the shutdown 1st hit everybody was told to stay home how suddenly and how severely was local commerce in texas whacked and how close did your business come to the edge of a cliff. Well took it from the top immediately when when we got the word essentially that april was going to be cancelled. It had an Immediate Impact and a lot of advertisers say well if im going to be closed i cant spend money i cant advertise that which i cant deliver so we took over a raft of cancellations that all came in essentially on the s