California Business Closures and Job Loss tracking thread (August: incomes, living)

[Tulemutt]

Originally Posted by CaliRestoration

I didn't bring up Wyoming, you did. Stop patting your own back Tule.



Wyoming, for sure. No doubt.

Yes, I brought up Wyoming for an obvious reason. And you brought up how much healthier you think it is financially. Lol.

Brain dead financial strength comparison. Completely braindead.

[Tulemutt]

Originally Posted by CaliRestoration

How many businesses do you think will be able to "bounce back" if they can't conduct business for the next 5-6 months?

Who said they won’t be able to conduct business for 5-6 more months? Oh CaliRestoration said!

[Ruth4Truth]

Originally Posted by CaliRestoration

How many businesses do you think will be able to "bounce back" if they can't conduct business for the next 5-6 months?

It's not clear yet, whether there's going to be a gradual opening of some businesses, and how that would work. That's one reason it's premature. Weren't smaller businesses supposed to be getting assistance through this thing? Some businesses have accessed those funds, and are paying their employees, even while they're closed.

[CaliRestoration]

Originally Posted by Tulemutt

Yes, I brought up Wyoming for an obvious reason. And you brought up how much healthier you think it is financially. Lol.

Brain dead financial strength comparison. Completely braindead.

It's funny you brought up Wyoming (by accident of course), because it's one of the most fiscally healthy states in the entire country.

https://www.truthinaccounting.org/li...S-Booklet-.pdf

Very little debt, ability to service debt is exceptional, and long term liabilities minimal (compared to other states). Standard and Poor's, which I'm sure you're familiar with since you're obviously a skilled investor , rates Wyoming bonds at AAA (extremely strong).

California on the other hand is merely rated at AA-, A- if we're talking about lease obligation bonds.

To put it another way...

If Wyoming were a person, he would be a low wage earner, say $35,000/year with about $35,000 in debt (car loan, school loans, etc). Wyoming would also have about $40,000 cash in the bank as a reserve account. Not exactly "balling out", but not exactly in danger of going bankrupt as long as things stay relatively the same. Also since Wyoming doesn't have to support a lot of free loaders in his house, or friends who may be staying his home illegally who contribute far less than any other member of his household, his finances stay relatively healthy.

If California were a person, he would be a high wage earner, around $250,000 a year, but with $1.5 million in outstanding debt (and growing). Not only that, California has to go to daddy to sometimes get loans to keep from going insolvent, and just recently got a loan of up to $10,000 from daddy. California claims it has about $20,000 in reserve, but no one knows where it is, and even if it's still there especially since California keeps giving away $8,000/year to its undocumented friend no strings attached.

So in a nutshell, there's a reason the bond rating agencies rank California below Wyoming when it comes to fiscal health.

I'm glad you brought up Wyoming.

[Finper]

Originally Posted by CaliRestoration

It's funny you brought up Wyoming (by accident of course), because it's one of the most fiscally healthy states in the entire country.

https://www.truthinaccounting.org/li...S-Booklet-.pdf

Very little debt, ability to service debt is exceptional, and long term liabilities minimal (compared to other states). Standard and Poor's, which I'm sure you're familiar with since you're obviously a skilled investor , rates Wyoming bonds at AAA (extremely strong).

California on the other hand is merely rated at AA-, A- if we're talking about lease obligation bonds.

To put it another way...

If Wyoming were a person, he would be a low wage earner, say $35,000/year with about $35,000 in debt (car loan, school loans, etc). Wyoming would also have about $40,000 cash in the bank as a reserve account. Not exactly "balling out", but not exactly in danger of going bankrupt as long as things stay relatively the same. Also since Wyoming doesn't have to support a lot of free loaders in his house, or friends who may be staying his home illegally who contribute far less than any other member of his household, his finances stay relatively healthy.

If California were a person, he would be a high wage earner, around $250,000 a year, but with $1.5 million in outstanding debt (and growing). Not only that, California has to go to daddy to sometimes get loans to keep from going insolvent, and just recently got a loan of $10,000 from daddy. California claims it has about $20,000 in reserve, but no one knows where it is, and even if it's still there especially since California keeps giving away $8,000/year to its undocumented friend no strings attached.

So in a nutshell, there's a reason the bond rating agencies rank California below Wyoming when it comes to fiscal health.

I'm glad you brought up Wyoming.

Now that’s a great analogy

[CaliRestoration]

Originally Posted by Tulemutt

Who said they won’t be able to conduct business for 5-6 more months? Oh CaliRestoration said!

Uh no.

Newsom said!

"Stage 3 is months, not weeks away." - Gavin Newsom, April 28th

[CaliRestoration]

Originally Posted by Ruth4Truth

It's not clear yet, whether there's going to be a gradual opening of some businesses, and how that would work. That's one reason it's premature. Weren't smaller businesses supposed to be getting assistance through this thing? Some businesses have accessed those funds, and are paying their employees, even while they're closed.

The SBA ran out of funds very quickly on the national level. As someone who still has many connections in the California business community, I know many small business owners did not get funds from the SBA before they ran out, and those that did only got enough money to float them for MAYBE another 60 days.

[CaliRestoration]

Originally Posted by Finper

Now that’s a great analogy

Those are the only ones I have.

[JGC97]

Originally Posted by CaliRestoration

The barrage of negativity isn't made up. Do you think it's made up? Maybe that's why you're confused. Do you think California has any problems? Do you think it has the "same problems" as other states?

I'm not confused about anything. Never have I ever said California doesn't have problems. What I don't do is post all the negative aspects on a regular basis. Not like you, CR. Not only that, you don't even live here anymore. If I'm confused about anything it's that. People usually move on with their life once they leave their former home. But the fact is, you're not here to inform the masses of what might be coming down the pike. You're only here to stir the pot and get people riled, which I will add you do very nicely.

Still, during this time that's incredibly stressful on everyone in this country, it doesn't bother your conscience to come here and try to irritate people. A decent person doesn't do things like that. What a shame.

[CaliRestoration]

Originally Posted by HereOnMars

You're only here to stir the pot and get people riled, which I will add you do very nicely.
(

Why would people get riled up if there isn't truth attached to what I'm saying?

If what I'm saying is false, and holds no value, why do you (and multiple other people) even give me the time of day? That's seems curious to me. When I'm on a messageboard (here and other websites), I generally avoid threads that have no value or are full of fluff.

You must think there is something of value here to post... what.... 3 times now?

Still, during this time that's incredibly stressful on everyone in this country, it doesn't bother your conscience to come here and try to irritate people. A decent person doesn't do things like that. What a shame.

Shaming arguments are generally ineffective. Especially when preceded by an emotional appeal. Like I said, if there was no truth to what I'm saying, you wouldn't be trying so hard to stop me from saying it.