On August 12, 1986, while his making opening remarks at a press conference in Illinois President Ronald Reagan called the words in the title of this blog “The nine most terrifying words in the English language!”
I guess he had never heard the words “Mark, your wife’s divorce lawyer is on the phone!”
But we all got the joke: Government action tends to hurt more than help us (the video of the Reagan quote is below btw, if anyone wants to see it).
While Butternut and I got fat on Guy’s cooking and the economy of the United States teetered on the edge coma, it seems our government got to work on the economic response to the coronavirus pandemic!
Announcements came quickly and from all sides of the political aisle: help would be here soon for small businesses damaged by the coronavirus outbreak!
We’ve all seen this before!
Some crisis or natural disaster befalls a region of the country and by the time the government finishes helping, we are no better off AND all the money is gone: Hurricanes Sandy and Katrina? The recent storms in Puerto Rico?
But on March 27th, 2020 the Coronavirus, Aid, Relief, and Economic Security Act or CARES Act was signed into law.
Forgive me for having low expectations!
It’s far too early to tell whether or not the CARES Act will be the silver bullet that helps us kill this beast or just another plastic bottle in the landfill of life, but it’s not too early to say this:
The CARES Act WILL help the dealers in this channel survive!
At least for the next eight weeks! Read on.