Portland Restaurateur David Machado Will Close All of His Restaurants Permanently

Eater ^ | May 22, 2020 | Alex Frane

[Fury]

And in looking at the charts some more, it appears to me you are intellectually lazy re: your post.

Take for example the drop in restaurant traffic. I would expect you to consider that traffic started to decrease in large part due to the stories about COVID-19 that were being reported by the media. Weren't there stories that COVID-19 was highly contagious and more lethal than the flu? Could that not had *anything* to do with the decrease in traffic? No? Yes?

Instead you are saying that the economy was tanking before the COVID-19 lockdowns as if COVID-19 was not a factor.

Like I said, lazy.

[CodeToad]

“a restaiuranteur will be able to basically come right back after bankruptcy.”

Nope. Losses already exceed future profits. Dead business.

[Blood of Tyrants]

Yep. Too bad he chose Portlandia.

[Fury]

I'm making the point that mayors and governors who issued lock down orders aren't responsible for all of the economic damage. There was already lots of economic damage as consumers reacted to the virus occurring prior to the lock down orders.

You should have stated that along with the charts.

I think a strong case can be made that the lockdowns have had a serious negative effect on the US economy.

[DannyTN]

Did I really need to explicitly say that the economy was going down due to COVID?

The point was that the economy was tanking due to COVID prior to the lock downs.

Y’all want to lynch the mayors and governors who issued lock down orders. Economy was taking prior to the orders.

[Jane Long]

This is so sad.

I’m so sick of this China Damn Flu ChiComChitShow.

[Jane Long]

Economy was tanking before the lock downs.

B.S. - Knock it off.

[Maudeen]

This whole thing is not by happenstance . . . . https://nationalfile.com/fauci-photographed-with-soros-and-bill-gates-father-who-was-head-of-planned-parenthood/

[ladyjane]

Chart showing the stock market tanking long before the first lock down

The stock market began to tank immediately after our politicians on the Hill found out about the Wuhan Virus. They began selling millions of shares of their stocks. Our representatives' stock brokers saw what was happening and they bailed.

[Tolerance Sucks Rocks]

I’m sure governor Bi-Karen will regard this as a victory of sorts.

Open up safely and swiftly!

[mrsmith]

Someone who successfully runs a service and is put down by a situation like this is yet very creditworthy to succeed at that service when demand returns.
What’s better for his landlords?
Can they make more money renting to someone else?
I assume present losses will be ‘adjusted’ by negotiation or legally.

But at the heart- he’s proven he can do it.

[fr_freak]

I would guess you have little knowledge of everyday economics or capitalism

I guess you have very little knowledge of what was going on in January. Bite me.

[fr_freak]

Completely ignore this troll Danny maybe he will find someplace else to spread his fear mongering!! He just can NOT admit to himself he was DEAD WRONG about this virus!{

Stating an opinion and being wrong is one thing, but what this guy is doing is completely different. He is actively pushing a narrative, and is quite clearly ignoring all of the logical arguments. I don't mean he isn't understanding or accepting the arguments - I mean he is literally ignoring them. That is usually one of the surest signs of a troll.

Now, in addition to the fear-mongering he's been doing with the virus stuff, he's trying to push the idea that the economy was collapsing anyway in order, apparently, to further push a demoralizing narrative. It's pretty darn obvious.

[DannyTN]

The economy was tanking due to COVID before the lockdowns. Is that more clear?

[Newtoidaho]

Shouldn’t a clown like you be posting over at DU?
You’ve been wrong since the beginning of this bullsit.
Stop polluting this board.

[rb22982]

The rate of decline post lockdowns was far more drastic and the bounce back would have happened much sooner without all of these lockdowns. The decline in revenue in the first half of much was painful but it fell off a cliff once the lockdowns started. The daily data for the hotel industry was eye opening (I’m an exec in the industry). Our revenue was down 5% in the first half of March and down 40% in the back. The industry as a whole was down 15% in the first half of March and down 90% in the back.

[Zathras]

Portland is filled with Socialists but it is also filled with very good restaurants.
This is bad news for Portland residents.

[Mr Rogers]

“Chart showing airline traffic plummeting before the lock downs.”

What is shows is that peop0le freely started taking steps to reduce risk BEFORE the state governments got involved. REASONABLE steps, unlike the stay at home orders that followed!

The stock market, BTW, ANTICIPATES FUTURE PROFITS. It is not based on current, today’s date earnings!

[TigersEye]

Y’all want to lynch the mayors and governors who issued lock down orders. Economy was taking prior to the orders.

Are you actually trying to sell the codswallop that the lockdown orders didn't have an additive affect to the fear that already existed? It's obvious to any thinking human being that the lockdowns magnified the economic downturn by an order of magnitude.

Go sell stupid somewhere else.

[logi_cal869]

That ship sailed weeks ago with the decisions to penalize those states with lockdowns greater than 2 weeks.

Early on the metaphor was “domino-effect”; I would argue the correct metaphor is “snowball-effect”.

Most people have no idea the damage that’s been wrought and are unable (or unwilling) to see the forest through the trees.

It’s going to get worse...MUCH worse...before it improves.

I hazard “Great Depression II”