It Begins – Cheesecake Factory Tells Landlords Nationwide They Will Not Pay Rent April 1st…

Think about this… How weak and tenuous does a corporate financial position need to be such that being closed for one week means informing all nationwide landlords of your inability to pay the rent next week?   Consider this example:

CALIFORNIA – The Cheesecake Factory, one of the most popular sit-down restaurant chains in the country, says it will not be able to make upcoming rent payments for any of its storefronts on April 1 because of significant loss of income due to the coronavirus crisis.

[…]  Company chairman and CEO David Overton writes, “Due to these extraordinary events, I am asking for your patience, and frankly, your help.” He continues, “we appreciate our landlords’ understanding given the exigency of the current situation.” The letter says that the company hopes to resume paying rent as soon as possible.

[…]  The Cheesecake Factory was founded in Beverly Hills in 1972 and maintains its original location on Beverly Drive, with 39 locations in California. In total, it operates 294 restaurants in 39 states, plus the District of Columbia, Puerto Rico, and Toronto, Canada. In 2019, the company also acquired Phoenix-based Fox Restaurants, including North Italia, Flower Child, and The Henry. Most of the company’s landlords are malls, including Simon and Westfield.  (read more)

This is one small example; however, it is an opportunity to imagine the beginning of a process were Blue team corporations start to tell Red team financiers they are refusing to pay their debts.

.

Expand the mindset to individuals… dependent democrats (blue team), and social justice activists, assemble to tell landlords (red team) they will not pay the rent.  It’s going to take off like wildfire.

Can you imagine the size of the smile on Bernie Sanders face if this level of social turmoil were to begin on a national scale?

Think about it…. Very carefully.

The blue team tells auto-lenders we won’t make the car payment etc.  It is a social upheaval that starts small, most dismiss it, but it spreads through the “social justice” and “resistance” community just like the coronavirus itself.

Bernie/AOC cheer the new shift and empowerment “of the people”…

See where this has the potential to go?  The Democrat Socialists align perfectly with Antifa, Occupy Wall Street and the various “dream defender” groups.  You think the yellow vest uprisings were significant….

Perhaps we are about to find out what COVID-19 is all about.

We keep watching.

This entry was posted in Antifa, Bernie Sanders, Big Government, Big Stupid Government, Coronavirus, Cultural Marxism, Dem Hypocrisy, Economy, Election 2020, Fabian Socialists - Modern Progressives, Legislation, media bias, President Trump, Professional Idiots, propaganda, Socialist, Taxes, Typical Prog Behavior, Uncategorized, US Treasury, USA. Bookmark the permalink.

367 Responses to It Begins – Cheesecake Factory Tells Landlords Nationwide They Will Not Pay Rent April 1st…

  1. Publius2016 says:

    Lawfare on Steroids!

    Liked by 4 people

    • Publius2016 says:

      they use local public health laws to leverage shutdowns of major industries and institute totalitarian curfews and measures before a PRESIDENTIAL ELECTION!

      Their goal is to forestall the 2020 Election and create another Constitutional Crisis in November…only takes one Covid-20 W H O report!

      Liked by 1 person

      • VoteAllIncumbantsOut says:

        I want everyone to ask yourselves this question.

        Passover? What did they do? Did they not also Quarantine themselves? I find it strange that President Trump said that Easter is a very important day to him.

        Like

        • …Real New Day in U S A – E A S T E R 2020….end of all of this crappy stuff past 39 months !!!!!!!!!!!!!!!!!!!!

          Like

          • Bill Durham says:

            Like big banks get bailed out. This economy will be bailed out. People will not tolerate 10% unemployment again. Too weak and too spoiled. The uniparty will have to keep the masses happy. If not, the masses will turn on them. They better have jobs or lots of free stuff. People will not take nothing.

            Like

        • Glo says:

          Paint the threshold with the blood of the lamb

          Liked by 3 people

        • luke says:

          Trump is trying to calm people so the economy keeps confidence. The mega disaster comes from a 1929 like model that wreaks havoc. Those people were different back then and fewer in number. I don’t think we have the fortitude to handle it in today’s time. Its going to be some time before people want to go places in mass. Certain industries are going to keep getting pounded. Think airlines, vacation, way too many to list. I understand that some want him to fail. But I can assure no one wants company after company to start going under unless they’re suicidal. Capitalism is beautiful we got to see the best of it; different independent sectors working efficiently together. It can be fragile in times like these though.

          Liked by 3 people

          • Bill Durham says:

            Luke, I agree with your point. But Sundance brings up a good point. It doesn’t take every one to follow this strategy. They only need to damage a few industries or a few States to tank the GDP and get unemployment up to 10%. But I hope SD is wrong. Keep in mind they could have gone socialist during the Obama Bank crisis. Don’t save the markets. Instead continue the recession, national health care, National food stamps, a guaranteed income. The country would have demanded it. We were set to go off the cliff with a little push. Capitalism prevailed. Greed is good. Greed works. The opportunity to make money is too enticing. Even for socialists

            Liked by 1 person

            • luke says:

              Right now Bill I would bet my right arm the lefties are pretty shaky. They know what they stand to lose if these companies start going belly up. GDP and such will go down that’s inevitable but if a huge number of these businesses do it’s gonna be apocalyptic type ugly. And then if you spread the damn virus on top where many people get it at once icing on the cake and nobody can win from that. I’m not buying it’s all to defy Trump. Until we know more about that disease got to be safe. I had a horrible sickness in 2001 will never forget the pain. 3 to 4 days of 103.5 fever never missed a flu shot after that. Its just hard to say how many that get the disease and how will the symptoms affect them. This is a tough situation with no easy answers.

              Like

              • Bill Durham says:

                True. In the 1920s people were tough and moral. There is no way we could have a depression. Gangs would take over homes. Looting would be a job occupation. The strong would steal from the weak. People would not just take it like in the 1920s. So I don’t think this was a Trump plot. Elites can’t make money if nobody can buy their stuff. The elites did just fine under Trump. Collapsing a $20 trillion dollars economy to get Trump out of office is a non starter.

                Liked by 1 person

    • George Washington says:

      Well. after this hysteria over the Chinese Virus is over, I know what restaurant chain that I will NEVER EVER again frequent: The Cheesecake Factory.

      Liked by 8 people

      • suejeanne1 says:

        is this guy related to that other Overton that Glenn Beck used to write about on his chalkboard on Fox News?

        the name sounds somewhat familiar!

        Like

      • bertdilbert says:

        Many years ago my dad told me the most likely businesses to fail are restaurants, gas stations and travel agencies. That was probably before gas stations became convenience stores. Travel agencies have since been obliterated by the internet. So maybe some of the top 3 have changed but restaurants are probably in the top 3.

        Back when I worked in the reastruant supply industry, my boss said rule of thumb in menu pricing was 1/3 food cost, 1/3 wages and 1/3 to cover everything else including your profit.

        It’s not an easy business.

        Liked by 3 people

        • Jan Pauliny-Toth says:

          Here in Germany the rule of thumb is to triple, quadruple or quintuple your food costs per dish to get the pricing commensurate with a profit. The multiplicator depends on location. A sleepy village? Triple. Berlin prime 1A location? 5x.
          Drinks are almost always 4x. But: tenants are often required to source from the brewery orrealty company owning the actual bricks and mortar (no plasterboard here), at higher prices.

          Liked by 1 person

      • louche9 says:

        I wouldn’t eat there in any event. My brother likes to send various food gifts for Christmas. He usually hits it out of the park with yummies, but last year, one of his gifts was an absolutely enormous Cheesecake Factory red velvet cheesecake that was inedible. No one could get through an entire slice; it was like eating butter. Disgusting. I ended up throwing it out.

        Like

    • Hoosier_Friend? says:

      Screw them. Evict them at the first opportunity.

      Liked by 1 person

    • Cheesecake Factory will have one huge balloon payment plus interest due should the landlord agree to defer rent until they reopen. One way or the other, the landlord will get his money.

      Like

  2. freepetta says:

    SMH 🤦🏻‍♀️! Pathetic libs won’t be happy till socialism takes over.

    Liked by 4 people

    • Despicable Me says:

      They wouldn’t be happy then either.

      Liked by 16 people

      • Jan Pauliny-Toth says:

        Those ending up eating from the trough would…thing is, all of the useless idiots think that they will be the elite…well, they ARE idiots, after all.

        Liked by 1 person

        • Despicable Me says:

          I maintain that even those who would be feeding at the trough still wouldn’t be happy. I grant you that they would probably have what they think they want and might actually enjoy it but it wouldn’t be what they actually need to be truly happy. Most of those who push or pursue socialism (really communism) think they are more intelligent, competent, or whatever other metric you want to chose than everyone else and surround themselves with similar thinking and usually aggrieved people. Of course some people just want power for the sake of power but there is never enough power to satiate that hunger because G-d Almighty, to Whom everyone of us is answerable, is yet more powerful still. I posit that it isn’t because these people don’t believe in G-d that they gravitate to socialism/communism/or whatever -ism, but actually because deep down inside their miserable soul they know that He truly does exist and that is why they hate Him……because He is G-d and they are not and they therefore cannot live how they wish. They are as the epistle to Romans says, they suppress truth in unrighteousness.

          Romans 1:18-25 — For the wrath of God is revealed from heaven against all ungodliness and unrighteousness of men who suppress the truth in unrighteousness, 19 because that which is known about God is evident within them; for God made it evident to them. 20 For since the creation of the world His invisible attributes, His eternal power and divine nature, have been clearly seen, being understood through what has been made, so that they are without excuse. 21 For even though they knew God, they did not honor Him as God or give thanks, but they became futile in their speculations, and their foolish heart was darkened. 22 Professing to be wise, they became fools, 23 and exchanged the glory of the incorruptible God for an image in the form of corruptible man and of birds and four-footed animals and crawling creatures. 24 Therefore God gave them over in the lusts of their hearts to impurity, so that their bodies would be dishonored among them. 25 For they exchanged the truth of God for a lie, and worshiped and served the creature rather than the Creator, who is blessed forever. Amen.

          Like

  3. Stringy theory says:

    Shutter them.

    Liked by 7 people

  4. Niagara Frontier says:

    When money stops flowing to the local, state and federal governments (Blue team), then what?

    Liked by 3 people

    • Publius2016 says:

      Global Governance

      Like

    • John Smith says:

      They will open everything up. You know how much money they are loosing. Soon they won’t be paying the government employees.

      Liked by 2 people

      • luke says:

        And just who is going to go in there and eat? Our economy is run on confidence. The average American Household is 6 meals deep. Our businesses including corporations are run at the margin. They have to compete. You guys can complain all you want about shutdowns but the simple truth is no one is going on an airplane, vacation, dinner, etc, etc for long time. Doesn’t matter if it’s open or not; that ship has sailed.

        Liked by 2 people

        • Boredom says:

          Exactly! Have been 90% home food for years, did much travel but no more for me. Going to buy a chunk of land in upcoming crash and vanish

          Liked by 1 person

        • Judith says:

          This uncertainty is terrible for business. Which is it? 15 days or 15 weeks? Cash flow is everything. Everything. Can a person plan a household budget if they can’t count on their next paycheck? No!

          Neither can a business. How much to save and how much to spend? When to spend it? Without customers to create
          revenue, everything stops in it’s tracks.

          President Trump is an extremely talented leader. His competence is inspiring. His confidence is contagious.
          He and he alone will jumpstart the economy and restore confidence in the business of this country.

          Screw the virus. The numbers have held steady: After 15 days, let 1.3 per cent of the twenty percent tested, who get seriously ill, sequester themselves to avoid the virus. We know who they are now: the elderly and others with pre-existing conditions.

          Give them the option to take a time-out so the other 98.7 per cent of our nation can get back to work and MAGA!

          Liked by 5 people

          • luke says:

            The problem is consumer confidence is not coming back to many Of the largest sectors until that little virus thing has disappeared. Airplanes, Hotels, etc are going to be pretty empty for the foreseeable future. There’s no way around it unless those drug cocktails are extremely successful. If not the danger of overloading the hospitals in large urban areas is a real concern. If this disease smacks us hardcore at the same time we’re in real trouble. Death toll may go from .5% to 5 or 10. It’s really hard to discern how bad this thing is i get it. Its damn sure contagious but really difficult to grasp how dangerous it is. I know there’s people that want to bring Trump down and make him look bad. I am reasonably sure there aren’t many that want a full out depression. There are way too many creature comforts they enjoy and will be missed if that happens.

            Like

        • Bill Durham says:

          New York and California are a huge part of the economy. If Cuomo and newsome tank their States, I doesn’t matter. It’s a depression. This may be something Trump can’t fix. When it gets bad people will want money, food, and shelter. It won’t matter if it’s from a job or the government. But the Dems need to be careful. People today are weak. If they want to take away their 100k job, they better have free food, clothes, and apartment to cushion the blow. You put people on the streets like 1929 and it’s over. We will need WW3 to get us out. If we go down the world economy goes down.

          Liked by 1 person

          • luke says:

            It’s a staggering thought. I don’t think there is any scenario at this point for a political figure to route for that unless they are truly want doomsday. I don’t see shutdowns simply to hurt Trump anymore. Some of this helps his MAGA agenda with border tightening and made in the US. All these lefties like their creature comforts and that is absent in a 1929 situation.

            Like

        • David says:

          Sundance thinks it’s just a blue scheme to screw the red team. Geesh. I don’t think they understand the massive economic dislocation going on right now. Talk about being out of touch. I find it shocking there is so little understanding of how the economy is being destroyed every single day this goes on.

          Liked by 3 people

      • woohoowee says:

        Eventually they will have to open everything up, but only because we were smart enough to elect VSG PT45. If they don’t open everything back up the Blues get the civil unrest needed to finish their takedown of the USA.

        Liked by 1 person

        • Bill Durham says:

          I am in my 50s. My solution is to open it all up on the 15th. I don’t want to hide anymore. I want to live. There will be nothing worth living for if we continue to wait. Nothing. Zombies. I am willing to take the risk. I will not die like a dog. I do not want too be healthy and wander the streets. I want my life back. If that means getting sick, fine. I will take the risk. My children do not deserve to grow up in a waste land.

          Liked by 7 people

          • The 12th will be even better then, right Bill? Because that’s when the word will be given by President Trump according to his own words and tweets.

            We either trust his word or we don’t. There are PLENTY here who suddenly don’t.

            That’s a shame.

            Liked by 2 people

    • woohoowee says:

      Then the Blue team blames it all on the Red team and gets the Blue dupes, who keep them in power, in a panicked frenzy believing team Red is causing them such misery. Community Organizing. They *want* civil unrest.

      Like

  5. Ackman419 says:

    Now that is paycheck to paycheck!
    Congratulations!

    Liked by 2 people

    • jimboct says:

      I get it if a mom and pop restaurant cannot make a rent payment. For a national chain to have so little on-hand capital that they cannot make a rent payment after being shut down for 10 days? Maybe someone should audit their books.

      Liked by 1 person

  6. fred5678 says:

    Scary. VERY scary. But very likely. And some governors and mayors are closing GUN stores???

    Maybe they should be c,losing the offices of A.N.S.W.E.R.

    Liked by 5 people

  7. This spending bill is like gas on the fire. Government trough set up to fund the liberal left to take control of the narrative all funded by whom? Of course, we the people tax payers. This is looking really really bad. I hope the President see’s what is coming down the pike and blocks this bill and removes this nationwide lock down.

    Liked by 8 people

    • Ackman419 says:

      I’d block it too.
      Send it back and take the argument to the people.
      Nobody moves the base like PDJT.

      Liked by 3 people

    • Sentient says:

      Yes – Mr President. Don’t sign the bill. In a few days we’ll see the efficacy of hydroxychloroquine in NYC (#TrumpPills, as Scott Adams calls it). Early next week preliminary data from the U.K. random antibody testing should be out. If immediate assistance to citizens is warranted, just pass something like Tulsi Gabbard’s one page bill for cash to people. Let the porkulus wait.

      Liked by 8 people

  8. The Listener says:

    So did Cheesecake Factory shutdown all of their stores over the entire US? Even the places the corona virus hasn’t hit hard? haven’t seen any businesses shut down in my area.

    Liked by 5 people

    • booger71 says:

      Many of these are in malls The Simon Group owns 107 malls in the U.S and has closed all of them The Cheesecake Factory in Sw Missouri mall closed after 3 years…crappy food

      Liked by 10 people

    • Bolivar says:

      The government shut down all their stores for the past two weeks and the coming three weeks, per the last pronouncement from the President. The Government is now in full control of the real estate of all bars and restaurants in America and should receive all the rent bills? Why on earth would the restaurant or bar that was ordered shut down pay rent on a building the owner is prohibited from using? That would be an insane act that a private business person can’t make, but politicians make every day.

      Liked by 2 people

    • GB Bari says:

      The one in Baltimore’s Inner Harbor Pratt Street Pavilion used to be jammed all the time – hard to get in without reservations made well in advance. Our family used to frequent the place back in the early 2000’s.

      But then I heard that changed a few years back when – after the Freddie Gray riots – the city, via City Hall screwing over the Police, decided to let the drug lords & criminals totally rule the streets. So that reduced the amount of the more affluent, paying customers willing to venture downtown from the more gentile parts of the city and surrounding suburbs.

      The restaurant is apparently still there (per its website) but only open for carryout or local delivery. But it had a large dining area and so must be taking a huge hit on revenue unless their in-house business had faded that much beforehand.

      Like

    • David says:

      You must live in the boonies. Most businesses are shut down everywhere. Everything is closed including dentists. All retail…not one store is open. All employees working from home – at least the ones not let go. They’re blocking streets so no one goes outside. This is going to be an economic disaster.

      Like

      • Merle Marks says:

        Interesting…I live in Portland, OR…I’m a veterinarian…Gov. Kate Brown proclaimed everything closed…Vet clinics allowed to be open…we are super busy…no one really following her proclaimations…all businesses except seated restaurants, bars, and hair salons are open…seems like business and traffic as usual…auto shops, repair shops, street repairs, Parking lots look full…I’ll admit…feeling like covid skipped Portland…may be too early to know…shame…this is our chance to dramatically reduce Antifa numbers…

        Like

  9. John Smith says:

    Let’s fearmonger to add to peoples anxiety. Great job. I am sure they will pay once things open back up and why would they pay if they don’t know how long this will take. They need to stay in business. That is what a business should be doing.

    Liked by 1 person

    • You can say that again!

      Like

    • MAGADJT says:

      I agree. No different than people out of work calling the bank and asking for a three month payment deferral. They probably have capital, but even rich folks run out of capital if it lasts long enough. Probably just trying to preserve what cash they have on hand. The bad thing is that this could cause a ripple effect from the landlord to the mall mortgage holder etc.

      Liked by 1 person

  10. Amy2 says:

    Sounds like the Cheesecake Factory is taking advantage of a crisis. Not only should Americans be prepared to go several weeks without a paycheck, so should corporations. Looks like they are buying time for their bottom line. Are they even dine in? I make my own cheesecakes, so I haven’t a clue.

    Liked by 4 people

    • booger71 says:

      Most of them are in malls…most of the malls have closed

      Liked by 3 people

    • Rudolph says:

      Yes, Cheesecake Factory is dine in. They are always crowded. We have had to wait the few times we went last year. We spent a couple hundred bucks each time in our family after ordering entrees and cheesecake. I am assuming they are doing take out now, which is what most restaurants are doing in Central Florida where I live. We did Longhorn take out this evening after work

      Liked by 3 people

    • bessie2003 says:

      Initially their action seems to send the message that this big name corporation Cheesecake Factory isn’t financially very strong if they can’t make rent after being shut down for less than one month.

      Perhaps thinking this virus as a perfect excuse to file for either a bankruptcy reorganization plan or cute excuse to renegotiate their contracts with so many malls?

      This other scenario though, the Blue team vs the Red team angle, is a whole different animal.

      Liked by 1 person

    • Bolivar says:

      Would you pay rent on an apartment if the government kicked you out of the apartment? I guess you would. No sane person would. Cheesecake Factory is simply saying they won’t pay expensive rent on a building the government effectively seized. There are consequences when governments ignore the Constitution and property rights.

      Liked by 1 person

      • Amy2 says:

        So you want to pay their rent? Because that’s what you will end up doing if this is blamed on the government.

        Like

        • Bolivar says:

          The government is the entity that decided to enforce a nationwide shutdown of all business. There are consequences to government assuming dictatorial powers. People don’t pay rent on useless property. The government should absolutely reimburse every bar and restaurant. Maybe if there was a real cost the government would not do this so cavalierly particularly when it is purely unconstitutional.

          Like

          • Jan Pauliny-Toth says:

            “The Government” is you, and your taxes, if you even pay any.
            Unless the Fed prints money, which I believe yhey are doing right now: did they not just confirm unlimited “quantative easing”?
            At least, there is no danger of inflation at the moment.

            Liked by 1 person

          • Amy2 says:

            I hear ya on the government part, but you understand that the real cost is paid by the taxpayers?

            Liked by 1 person

    • Amy 2
      You are projecting , listen to the small business owners.
      75 % of all restaurants fail in the first 5 years.
      It is a hard way to make a buck.
      Many limp along because ,in a strange way that many don’t understand , they love what they do.
      Reports say that 50% of Americans live paycheck to paycheck.
      Small businesses are no different.
      We can all moralize about what people should save ,but the reality is the economy runs paycheck to paycheck .

      I predicted this several weeks ago ,you can check my posts.
      I am lucky , I have money , but my son is laid off, I am heartbroken and actually cried about his situation last night.

      Liked by 5 people

      • I see a whole lot of people here I’ve never seen before bashing businesses

        Like

      • So sorry to hear about your son Napoleon T.

        Yes, it is very hard for many people to put together a nest egg especially after the eight years of Obama being in charge.

        Too many people either had no jobs or had a crappy low paying job and barely made ends meet.

        Having a nice fat saving account, some food storage and little debt ( house and car loans paid off) is the best way to arrange your life but this does not usually come until middle age for most people.

        I hope things get better for your son.

        Like

      • Amy2 says:

        The Cheesecake Factory is not a small business.

        Like

      • Well Napolean, I hope while you were crying you decided the thing to stop your tears was to send your son some money for survival.

        Like

      • P says:

        I think Sundance makes a valid point. I can totally see that happen.

        Spoke with my sister earlier today. Three of her adult children (25- to 40-year range) have been laid off. Worried about my brother who has student rentals and the ramifications that might come from all the stay-at-home orders. Does that order mean college students can’t return to their colleges from spring break and are colleges even open?

        Also, just read where Israel has gone from 3.5% to 20% unemployment over the past few weeks. Really need to keep everyone here in America and around the world in prayer. And especially keep our President and his administrative team in prayer.

        Do draw nearer and nearer to the Lord. All of these are signs of His soon return. BELIEVE HIM! He loves us and will not forsake those who call upon His name and BELIEVE HIM.

        Listen to these bible studies to help bring you peace: https://www.blueletterbible.org/audio_video/smith_chuck/

        Scroll down to the BOLD grayish-blue titles to stay on the BLB website. If you go to Chuck Smith’s website, the audio tapes tend to stop playing. You will be encouraged and comforted by these studies and they will definitely increase your faith. I started with Job, James, Hebrews, and plan to do Galatians next.

        God bless everyone during this time. Please TRUST HIM. God is good all the time.

        Like

        • Chick-fil-A Traffic Jam says:

          “Does that order mean college students can’t return to their colleges from spring break and are colleges even open?”

          As far as I know that’s exactly what’s happening. The local one even kicked all the students out of the dorm.

          Like

  11. vikingmom says:

    …just as Bernie announces that he may not support the emergency legislation? What a coincidence! NOT!!

    Liked by 5 people

  12. TRProst says:

    The blue team is also telling the police not to arrest anyone.

    Liked by 4 people

  13. mr.piddles says:

    Hey, here’s an idea: tell Cheesecake Factory to go find another freaking mall.

    I mean, I enjoy a good Cheesecake now and then… but honestly… do you know how many Cheesecake Factories there are sprinkled around the U.S.? And I don’t mean ACTUAL Cheesecake Factories. I mean the DOZENS of national and local chains that could just as soon pick up their business if the Cheesecake Factory just… disappeared. Folks just want to go out and have a decent meal and a slice of Cheesecake. And there are lots of options for that.

    Liked by 3 people

    • Bolivar says:

      So you are mad at Cheesecake Factory because they won’t pay rent on a building the government won’t allow them to use? If the government seized your car would you keep making payments on it? I guess you would.

      Like

      • GB Bari says:

        Not a perfect analogy but if the government suspends your license for 30 days for traffic violation, your car payment and insurance premium are both still legally due, despite the fact that you cannot drive the car.

        If your car is towed and impounded by the local municipality for illegal parking and you cannot afford to pay the fine, your car payment and insurance premiums are still due.

        A friend of my sister just lost the house in which she and her daughter’s family were living due to a fire that was caused by faulty electrical wiring behind an outlet. They did not have renters insurance. They lost everything and the landlord refuses to refund their security deposit to help them put a deposit on another rental house.

        Contracts are legal documents that generally provide very limited and specific conditions under which either party may break the contract. Unless the cheesecake factory’s lease agreements permit this action, they are basically starting a huge litigation project where they will possibly they seek debt relief under “Chapter 11.”

        Liked by 1 person

        • SharonKinDC says:

          I’m not a lawyer, nor do I play one on TV. That said, your point about contracts is spot on. At the same time, I’d wonder how many contracts have force majeure clauses… and if they apply to both parties. I suspect they tend to protect the lender/landlord more often than both parties. I do think that an involuntary shut down by the government is going to prompt lawsuits and various other actions by those who were squeezed, though no fault of their own, to suspend business. Your example about losing ones license isn’t quite the same, as the drivers action(s) are what prompted the loss. There is zero action on the part of the tenants in the Cheesecake Factory example. Interesting times…

          Liked by 1 person

    • Judith says:

      That’s only the name. They sell a variety of meals. It isn’t only cheesecake. If homeowners get a break on their taxes and mortgage payments, why should a store keep paying rent to a closed mall?

      Like

    • bertdilbert says:

      Sears used to be in shopping malls too.

      Like

  14. Landslide says:

    If anyone reading this believes that God answers our prayers, I implore you to pray as often as you can and ask for His mercy to intervene. Miracles still happen today and we need one desperately.🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼

    Liked by 13 people

  15. Todd says:

    Regardless of political party, people still care about their credit scores.

    Want to buy a home? Good credit helps a lot. If people choose to ditch their bills and have collection agencies continually call to collect those bills, they’re never going to move out of their parents house.

    COVID-19 is the annual seasonal flu on LameStream Media crack.

    Liked by 3 people

  16. MAGADJT says:

    How can they be brought to their knees after a week? Their prices are pretty stout, and I have never been to one at any time of day where there isn’t a significant wait.

    Liked by 5 people

    • Bolivar says:

      A week? This started two weeks ago and the President has declared it will not end till at least Easter. There is no promise of that date. Would you pay rent for a home you were not allowed to live in? There are consequences to government seizures of private property. That is the reason the government has never ever done a nationwide shutdown before. Because there would be millions of very bad unintended consequences. Like mass joblessness, expected to be in the 30% range, massive business closures nationwide, personal bankruptcies, suicides as the desperation of being without work and losing homes becomes too much to take. All because our country decided to throw out the Constitution and become a fascist nation with the government telling business owners what they are permitted to do and when and when not.

      Like

    • Judith says:

      It’s the uncertainty. The Enemedia would have us believe the duration of these closings will be months! Most companies and workers can tighten their belts for 15 days, but 15 months is another story. Then it isn’t certain if your business will ever recover.

      What if your customers are all unemployed and can’t afford to dine out for the rest of the year? What if the malls -on life support as it is- never reopen? Cash is tight in that scenario and nobody wants to throw good money after bad.

      Liked by 2 people

      • Bolivar says:

        The President initiated this on the advice of “experts” who are no doubt politically aligned with Eric Ciaramella and Hillary Clinton. Don’t expect good results when you do things that leftists suggest. They might be suggesting these things to bring you down since the earlier efforts didn’t work. Closing down the American free enterprise system nationwide is probably the most irresponsible act ever committed by our Federal government. And we will soon be learning from businesses and people around the country the full extent of the damage, which of course is not required to continue through Easter.

        Like

        • Chick-fil-A Traffic Jam says:

          “Closing down the American free enterprise system nationwide is probably the most irresponsible act ever committed by our Federal government.”

          Pretty much. Thing is people won’t care about the reality of the consequences. They’ll demand even more meddling leading to more issues leading to more meddling leading to us headed for Zimbabwe.

          The dirty truth is people won’t accept responsibility. They’ll be offered an even bigger ponzi scheme by someone and they’ll embrace it like a drowning man clinging to a piece of driftwood.

          Freedom is a lie. Tyranny is humanity.

          Like

      • dallasdan says:

        You make a good point. Brick and mortar retail sites are under siege by online commerce. This could be the linchpin that takes down shopping malls.

        Like

    • T2020 says:

      🎯

      Like

  17. PS says:

    Then the malls must do what any landlord does. Toss their stuff out the door and lock them. They aren’t tenants if they aren’t paying rent.

    Liked by 10 people

    • Bolivar says:

      The mall owners will be declaring bankruptcy themselves since the government has closed down all their tenants. They won’t be getting any rent income. Did you think there would be no consequences from the President ordering a nationwide shutdown of our economy for a totally indeterminate period of time? This is just the very beginning of the news about business failures and non payments. It will be trillions.

      Liked by 1 person

      • Judith says:

        I agree! No more uncertainty! Set a time frame and stick to it! The President said 15 days, and I believe he will make his case to the people at that time. The endless doomsday speculation by Enemedia traitors is causing the panic and instability. Nip this in the bud, Mr President!

        Liked by 2 people

        • Bolivar says:

          He has already extended the 15 days which ended on March 30 at least an extra two weeks till Easter. So, from today another full three weeks of government mandated war on business.

          Like

          • Judith says:

            The President said “by Easter.” Hopefully he means “at the latest.” We’ll see..

            I believe the numbers of COVID-19 positive (with milder symptoms) are much higher than statistics show, because testing is restricted.

            Nonetheless, the ratio of severe symptoms to those testing positive remains fairly low.

            If this remains constant, I believe the President should focus on “sheltering in place” that 1.3 percent most at risk, and call it a day. The rest of us will get a mild flu, if that. At least our economy will be very much alive.

            Liked by 2 people

        • Bingo Judith.

          And he will do just that.

          Like

  18. Publius2016 says:

    Restaurants generally make 10% to 20% of sales…

    look at Marriott Hotels…10% occupancy when it used to be 60% in March…their margins are lower than restaurants due to capital costs…

    This STIMULUS IS FOR WORKERS FAMILIES AND BUSINESSES…where will Mnuchin put the money to work???

    totally UNFAIR that TRUMP ORGANIZATION IS BEING DESTROYED! Hope 45 writes SIGNING STATEMENT THAT THIS WILLL NOT BE FOLLOWED AS DISCRIMINATORY TO FUTURE PRESIDENTS AND FAMILIES!

    Like

    • justlizzyp says:

      According to the National Restaurant Association, the average net income percentage for restaurants, across all levels of service, has stayed about the same since at least 1983, at 3%. I haven’t looked at it this year, but in many states that thin profit margin has been weakened further by increased minimum wage requirements, particularly for tipped employees. In a full service restaurant, roughly half the employees on the clock during business hours are tipped. If you consider that labor cost is generally budgeted to be between 12 and 15% of your operating costs and half those people just doubled the amount you have to pay them, that 3% drops pretty quickly to less than 0. There are VERY few restaurants that can survive for any length of time with little to no revenue.

      Liked by 2 people

      • Bolivar says:

        You make great points that most people here seem oblivious to. Like it is obvious a business cannot pay rent for a building it is ordered by the government to “not use” for a time period that nobody will define but so far is one full month. There will be huge business failures in the tens of thousand all caused by the very bad decision to force the entire economy to shut down on a dime to fight a war on a virus that is no worse than all the flus we have had for decades. Our leaders decides to do something never done in the history of our country – shut down the economy by executive order for who knows how long. Nobody.

        Liked by 1 person

  19. joeknuckles says:

    Does anybody else recognize that the economic collapse of 2008 was also an attack?

    Liked by 14 people

  20. disklxik says:

    Ok… now I’m starting to think this whole thing has been orchestrated to some extent. Especially since Biden said he had a conversation with a “World Leader” two weeks ago. I’m actually wondering what they are planning while Donald is busy with the virus.
    The state and local governments can play sling and stretch this out as long as possible, but what’s the other hand got planned?

    Like

    • MAGADJT says:

      I remember all the “world leaders” John Kerry claimed he spoke with that said he just HAD to beat GWB. Laughable then, laughable now.

      Like

  21. trump20162024 says:

    Very predictable. CAKE’S annual revenue is about $2.5 billion, and the company should have at least 25% of that amount in its rainy day cash account. However, the pigs running the company have allowed its cash position to drop down to $58 million, or only 2.3% of revenue. Their Board, CEO, and CFO need to be fired immediately for underfunding (i.e. looting) their rainy day account by a factor of 11.

    Liked by 5 people

    • Bolivar says:

      No sane business person would pay rent on a building they are not allowed to use. Let the entity that shut down all restaurants and bars pay the rent. This is not just Cheesecake Factory – this will become mom and pop bars and restaurants in every town across America as well as all the chains and other businesses forced to stop operations and thus stop income. I am stunned at the people here who think a business should pay for use of a building the government won’t let them use? That sounds a lot like what Bernie Sanders supporters would think – “hey, they are rich, they can pay even when we seize their business”. Cheesecake Factory has just registered its disapproval of socialism. If the rent is to be paid then let them use the building. There is zero reason to not let them use the building.

      Liked by 1 person

  22. sunnydaze says:

    This is pretty disgusting.

    I’ve got a good friend who just started up a small restaurant business w/in the past couple years. I was quite worried about how she would do w/ all this. Of course.

    Turns out, she’s being Super. Creative. and coming up w/ ideas to “weather the storm” and (hopefully) keep all employees til the worst is over.

    Things like, -Delivering food r/t eat in.
    – Donated a bunch of dishes/sandwiches from the restaurant to the local hospital workers and other establishments > For Free. So they could try it out and then (hopefully) start ordering from her place.

    etc etc. Brilliant stuff like that. I predict her business will have grown by quite a lot by the time they “open their doors” again.

    It’s called : Survival of the Fittest.

    Yeah, kinda agree w/ Stringy. Shut Cheesecake down. They’re not even TRYING. Just threw in the towel and said “Feed me”.

    Liked by 12 people

    • Cheesecake Factory will ask for federal funds to bail them out. The alternative: A cascade of similar notifications from others that threatens to topple the “Too Big To Fail” lenders who hold the notes on properties. It’ll be like the crash that followed the collapse of subprime mortgages a decade ago.

      Liked by 2 people

    • Bolivar says:

      Our local carry out pizza and sub shop has a recording saying they are closed till the end of the virus. All the incredible scaremongering by everyone has caused their business to drop to a point where they can’t keep it open with all this Doomsday government madness. The recording said they will “try” to reopen when this is over. In the meantime, they are all out of work. I try to imagine how many very good small businesses are being ground into dust by the bootheel of government which cavalierly shuts everything down and dries up business so they can’t go on. The owners have business loans, mortgages on home, employees they have to lay off. And most people on this site don’t give a damn about them and just say they are “greedy” if they can’t keep on paying their bills while the government is deciding when and if they can reopen. This is not America. This is Amerika.

      Like

      • navysquid says:

        Bolivar…
        “And most people on this site don’t give a damn about them and just say they are “greedy” if they can’t keep on paying their bills while the government is deciding when and if they can reopen.”

        I wouldn’t characterize it as MOST people on this site. I think Sundance raises a good point. However, I agree with your sentiment that if a restaurant does not know when this shutdown will it end it is likely going to hold onto its cash on hand until it has a better idea of when it can begin paying rent again that was brought about by no doing of the restaurant industry.

        Like

  23. alliwantissometruth says:

    If you’re a successful corporation, and you plead poverty after a couple of months of weak sales, what does that say about your business sense?

    It’s total bull****

    If your entire operation crumbles after a few months of weak sales, you don’t deserve to be in business

    But we know what’s really going on. Corporations under the sheets with political power equals corporate welfare

    Liked by 7 people

    • Publius2016 says:

      this is not WEAK SALES…this is NO SALES!

      Cheesecake Factory is 100% playing politics but think this will only lead to BANKRUPTCY but maybe that is their real goal…BLAME CHINESE VIRUS…and take the MONEY AND RUN!

      Liked by 3 people

  24. TwoLaine says:

    Mall rent is very expensive, especially Simon and Westfield malls.

    I know that one of our big malls closed recently, maybe a week or two ago, because of the virus. Someone said they tho’t it was crazy. I said no. People just drop their kids off at the mall and expect the mall tenants to keep an eye on them. A lot of them are thieves to boot. If my mall shuts me down, I am probably gonna’ tell them no traffic = no rent.

    Like

    • booger71 says:

      All 107 of the Simon Group malls are closed per their website

      Liked by 2 people

      • TwoLaine says:

        Even if I am an outer anchor tenant, once you close the doors you are shutting off the traffic I am paying the high rent for.

        Liked by 3 people

        • True! And with so many people here deriding the government for shutting everything down, i.e. President Trump, most are missing the point that state globalist puppets are causing the “government” wave of mass hysteria, not President Trump.

          Then there is the truth that these business are the ones doing much of the shuttering being what? BLUE TEAM business run by insane krooked killery type sycophants.

          Wake up folks. Nap time is over, it’s time to use your noggins!

          Liked by 1 person

  25. todayistheday99 says:

    Just sent those a-holes a piece of my mind. I used to buy their product. Never again.

    Liked by 1 person

    • Bolivar says:

      You might direct your anger at the government officials who ordered Cheesecake Factory to stop doing business, thus being unable to pay rent. Nobody who is put out of business continues to pay bills. And the name calling is juvenile. This is a 100% government created crisis. Why do you think President Trump is try to race the $2 trillion dollar bill through Congress to try to pay off the businesses that have been destroyed by his nationwide shutdown?

      Liked by 1 person

      • butch cassidy says:

        Bolivar, you make a lot of good points, however it was not Trumps nation wide shut down. If he did not do what he did he would have been thrown out of office by both sides and someone else would have done it, and the situation would probably be much worse than what we see now. Trump didn’t shut down these states or the ones that will shut down in the future. The entire world is panicked, whether the severity of this virus is real or not,.The only thing he can do at this point is try to find a way out of this and his options are limited because he has to work with both sides and look at who these people are. This is one huge mess and I’m just thankful Trump is working on it. Imagine the alternative.

        Liked by 3 people

  26. dufrst says:

    Problem for them is they don’t get to not pay rent month in and month out and get to stay. If the politicians permit this then they are out to utterly destroy our nation and the blood will be on their hands. We will never surrender our nation to these subversives.

    As I’ve said before, they have thrown everything at our VSG, only to find that our VSG becomes stronger. They did Russia, Mueller, Ukraine, Impeachment, and now China virus to sink the economy. All have led to defeats. All have led to higher approval ratings for Trump. But each followed up with an even more brazen attempt to defeat our VSG. My fear is what is the next one going to be? It’s being plotted as we speak. It could be as Sundance is alluding to or something far worse.

    Still, I believe that God didn’t bring up this far for us not to have the triumph in the end! All that Trump has had to battle and endure will not be in vain. He will have the victory. He will be utterly vindicated! Let’s continue to hope and pray and support this great man. Where would be now without Donald Trump? Seeing how the opposition has turned out, it’s truly a scary thought.

    Liked by 10 people

  27. dufrst says:

    Problem for them is they don’t get to not pay rent month in and month out and get to stay. If the politicians permit this then they are out to utterly destroy our nation and the blood will be on their hands. We will never surrender our nation to these subversives.

    As I’ve said before, they have thrown everything at our VSG, only to find that our VSG becomes stronger. They did Russia, Mueller, Ukraine, Impeachment, and now China virus to sink the economy. All have led to defeats. All have led to higher approval ratings for Trump. But each followed up with an even more brazen attempt to defeat our VSG. My fear is what is the next one going to be? It’s being plotted as we speak. It could be as Sundance is alluding to or something far worse.

    Still, I believe that God didn’t bring up this far for us not to have the triumph in the end! All that Trump has had to battle and endure will not be in vain. He will have the victory. He will be utterly vindicated! Let’s continue to hope and pray and support this great man. Where would be now without Donald Trump? Seeing how the opposition has turned out, it’s truly a scary thought.

    Like

  28. Vince says:

    The REIT sector of the market is collapsing already. Already there are two mREITs that have had margin calls. These landlords are probably REITs.

    Liked by 3 people

  29. jx says:

    We can’t wait until Easter. We’ve got to end these diktats or ignore them en mass. We don’t need a government program, we’ve got to get to work! The sooner we behave normally the sooner things will be normal. End the chaos before it spins out of control… or is made to spin out of control.

    Liked by 4 people

  30. Sentient says:

    For those of you who might own residential rental units, if your tenants say they’re not going to pay rent, let them know you won’t renew their lease.

    Liked by 2 people

    • Gadsden says:

      Aggressively screening tenants stops a lot of these problems. Don’t chase high rents, focus on quality tenants that can pay consistently. I’d rather have a unit sit empty for a couple of months than settle for a tenant I’m not comfortable with.

      Liked by 2 people

  31. Gadsden says:

    A person at my work tested positive today. I’ve been dubious of this whole virus and whether it’s as bad as been sold, but I will soon find out the truth for better or worse. We have a small, young workforce – under 30 people, most under 30 years old. The individual was at work with a key symptom for at least 10 days prior to testing positive. We have been cleaning continuously and have been avoiding crowds other than the workplace. Should be an interesting, yet scary little case study. I will report back in a couple of weeks with results.

    Liked by 9 people

    • Ninja7 says:

      Gadsden, Prayers with you, stay safe.

      Liked by 1 person

    • Orygun says:

      Be sure to drop back. I for one believe a lot of this is being driven hard by the media.

      I am over 70 and have had a fun and interesting life and if I died from the Wuhan virus I certainly would not want to tank the economy and ruin other peoples lives just to add a couple of years. JMHO

      The military puts lives on the line everyday and the least we can do is not destroy our country because of a hyped virus. All we can give is our best.

      Liked by 2 people

    • Debra says:

      If this person was at work with a key symptom then she should be shunned for not following basic protocols: stay home if you are sick!

      Like

      • Debra
        You just don’t understand many don’t have sick leave and many organizations have an ethos built into them that strongly discourages taking off for any reason even if you have sick.leave,many never take advantage of it
        If you haven’t experienced that you just don’t understand ,but those who have do.
        So many seem to think this is all black and white with no shades of gray whatsoever.

        Liked by 2 people

  32. rebelinme2 says:

    As for me, I won’t be loosing any sleep over whether or not a high price cheesecake will be available. I suspect liberals will be up in arms over it though, and will make alot of noise. The blue cities causing this could get alot of flack from their own before this is finished. Liberals are not very tolerant people when it comes to being inconvenienced or not getting what they want.

    Liked by 2 people

  33. MostlyRight says:

    Cheesecake Factory’s business plan was to be the top restaurant at your local mall, selling cheap food for high prices justified by Disneyesque decor. This just before Amazon and Walmart online showed up.

    Liked by 3 people

  34. not2worryluv says:

    The Cheesecake Factory was on the downhill slide way before Coronavirus started in China.
    Bankruptcy was written all over their balance sheet.
    Now was an opportunity to use a crisis to cover up bad management.

    Liked by 5 people

    • TwoLaine says:

      That is what I was thinking too. I was racking my brains to remember what I heard about them recently. I looked it up and there was fight at one recently in the D.C. area.

      Liked by 1 person

    • True,but you just don’t understand that many restaurants and other small.businesses are in the same boat.
      Can we afford 10 or 15 % to fail??

      Like

      • willthesuevi says:

        So the solution is to bankrupt the landlords? It’s not like they have any bills or anything. (s/)

        Where does it end? Try telling that to your business insurance company. Pull up to the gas pump and tell ’em you are going to fill up free of charge. I am sure they would never call the police.

        If I received that letter I would say, OK, Goodbye. But if you call me up to negotiate, well I bet we can work something out.

        Like

  35. TradeBait says:

    OK – fine. Let them ruin their businesses and lose their cars and houses. It will not help them win the elections. The deplorables rule in elections. The deplorables also rule the streets if anarchy breaks out. Anarchy reined with Soetoro. It will not rein with PDT and We the People.

    FWIW, the Cheesecake Factory has been in a financial quagmire for a long time.

    Liked by 4 people

  36. Bolivar says:

    President Trump began the narrative that created the shutdown. His recommendations included all the “guidelines for personal behavior” that created the instant need for the massive shutdown of all American industry. And yesterday, President Trump chose to extend the complete shutdown till at least Easter instead of ending it next Monday. All this carpet bombing of the American economy and American freedoms to fight a mild virus. This is pure insanity with strong doses of evil thrown in. You cannot do this much harm to an entire nation without a certain amount of sociopathic disregard for people.

    Like

    • Publius2016 says:

      Have you ever tried to stop a runaway locomotive?

      World Health Organization published FAKE DEATH NUMBERS…Dimm Mayors and Governors have been working in concert to escalate the “pandemic” with FAKE NEWS…

      45 closed border with China and EU after each subsequent step…go to Event 2O1 for details…this is preplanned Globalist Deep State Black Op.

      Liked by 2 people

      • Bolivar says:

        I personally wish the President did not use the advice of Anthony Fauci to throw tons of coal into the furnace of the runaway train. But he did and he continued that yesterday and with the new developments he is likely to cave to pressure to extend all this well past Easter. If he didn’t have the internal fortitude to end this folly yesterday why will he in three weeks? And seriously, can we stop the mass insanity of social distancing – all again in response to the common cold? How far we have fallen.

        Like

    • DWC says:

      However, you conveniently forget that the Coronavirus Bill contains salary relief for businesses in that the Federal Government is sending a partial check to employees that will most likely tide them over for at least several weeks. Bottomline is that the CheeseCake Factory and other businesses will not have to pay their largest operating expense – labor. They therefore have plenty of money and no excuses to not pay their rent or whatever. This is nothing more than liberal inspired (note that CheeseCake Factory is a CA based company) promoted and planned action for political and optics purposes.

      Like

      • Bolivar says:

        This is the business owners saying they won’t pay rent when the government has closed down their business. The bill you refer to is not passed and nobody really knows the details, except it is supposedly $2 trillion dollars to try to offset a fraction of the incredible damage caused by the monthlong shutdown of almost all American industry. Cheesecake Factory is just the first. We will soon see large and small foreclosures, bankruptcies, layoffs, homes lost, and many suicides and drug abuse problems all directly caused by the government order that the American economy shut down. What else would anyone expect from this insane policy which has never ever been done in this country, for good reason.

        Like

  37. Publius2016 says:

    With Tax Cut Bill, I always thought SALT 2.0 could UNITE THE USA AGAIN, but the DIMMS have gone over to the DARKSIDE and now are DEMONS!

    Over the past few months, they have taken on every LAWLESS AND SOCIALIST POSITION…if you object, they use SHARIA TACTICS!

    This FAKE WORLD WIDE FLULIKE PANDEMIC will lead to more and more people picking up and moving BACK TO HEARTLAND and SOUTH!

    Dimm Mayors threaten entrepreneurial citizens with imprisonment, fines, and confiscation schemes for looking to engage in commerce while releasing prisoners and illegals.

    Liked by 1 person

  38. T2020 says:

    Pathetic.

    Like

  39. KellyKAGA says:

    I am sitting here in NC tonight mad as hell over this move to absolutely destroy this country. The level of stupidity surrounding me is almost more than I can bear. I have been working from home for a week and a half. My county has 1 case but we’ve got to cower in our houses like like terrified little children. The problem is I don’t know what to do to try and stop the utter destruction. What can sensible people do?? My Congress critters are as cowardly as they come. I’m not prepared to lose the retirement I’ve worked so hard to accumulate. How do we get the people in power to say enough of this nonsense. Get this country operating again. OK rant over. On the bright side, As a Christian I know I am just passing through buy this part of the journey is hard.

    Liked by 6 people

    • Publius2016 says:

      pray

      hope faith love

      we are at war with an invisible hidden enemy…keep your powder dry and be ready to follow your commander and chief, 45!

      Liked by 1 person

    • Judith says:

      A couple of weeks ago, NY state had around 500 known cases. Now it’s 30,000 and climbing. Buckle up. It’s coming.

      This virus adversely affects the elderly and those with other conditions. The rest of us have had milder symptoms. So prepare yourselves accordingly.

      Liked by 1 person

    • dallasdan says:

      Unfortunately, if you are an individual without substantial political or economic influence, you are just along for a very rocky ride.

      Like

  40. Bolivar says:

    Is the author suggesting Cheesecake Factory should pay rent when the federal government and state governments have colluded to effectively seize their business and shut it down entirely till some totally undetermined in the future? This is what happens when politicians cavalierly disregard property rights and behave like fascists. If the government is now in the business of setting the hours of operation of Cheesecake Factory then the government can pay the rent. Makes perfect sense. Maybe another $2 or $5 trillion is needed.

    Liked by 2 people

  41. Bogeyfree says:

    Simple solution IMO

    Organize the millions of loyal MAGA supporters who see where this is going and they make a counter thread.

    If you don’t pay your bills we will NEVER step foot in a Cheesecake Factory restaurant ever again and thus you go out of business and we replace you with a restaurant that believes in true capitalism and the rule of law which includes paying your debts.

    Two can play that game.

    This is still our country but we must unite, use our power and stand strong.

    Like

  42. ed357 says:

    Liberal leftist democrat management….?

    Like

  43. kinthenorthwest says:

    Make a bet the COs will not miss any paychecks or bonuses .

    Liked by 1 person

    • BigTalkers says:

      Unless their own companies become insolvent as well.

      Besides, as I understand it Cali’s mortgage lenders have already agreed to forgo residential mortgage payments for 90 days.

      Liked by 1 person

  44. BigTalkers says:

    I think there’s a mix of Blue and Red here.

    But it does point up an interesting issue. Were you a restaurant owner that could temporarily “transfer” your debt (for rent in this instance) to another party (your landlord in this example) in the face of what is effectively a forced closure of your business for an unknown duration, what would you do?

    I don’t know the answer (much less a concept of the myriad macro economic ramifications) myself.

    Like

  45. starfcker says:

    There is no good or bad guy here. The value of money just changed. I had a long standing commercial lease in 2008-9 with the same problem. I couldn’t pay for almost a year. I went to my landlord with the following offer. Write off the 20 grand that I owe you, cut the rent in half, and extend the lease for 10 more years. He accepted my offer. We just signed a new 20-year lease last year. It was good deal making on my part, and a solid decision on his part. We were able to salvage a long-standing business that continues to this day. When the value of money changes, everything has to be renegotiated. Everything.

    Liked by 5 people

    • Kent says:

      When the government kicks you out of your own building and orders you to shut down your business you obviously don’t pay rent.

      Like

    • Debra says:

      Art of the deal . . .

      Like

      • starfcker says:

        Yes Debra, pretty much. Leasing commercial property is no different than leasing residential property. The killer is vacancy. Cheesecake Factory has been a monster tenant in every location they’ve been at, for how many years? Lots, that’s for sure. The dudes running it have got to do what they’ve got to do. Like the guy says in the letter, “I’m asking for your patience and for your help”. If I were on the other side of that letter, I wouldn’t have a problem with that, really. If they have already gone 20 years without missing the rent, and when this is over, can go 20 more, you can bet your bottom dollar that’s a great tenant.

        Like

    • Interesting story starfcker, the value of just about every thing has changed for a while at least.

      If the Cheesecake Factory does not pay rent to the mall owners then possibly the mall owners can not make their payment to the bank and the bank can not make it’s payment to the Feds for the money it borrows to lend to the mall so it can rent to the Cheesecake Factory.

      Around and around our economy goes.

      Like

  46. Don McAro says:

    Wont be long for the stories show up about all the losers that won’t be paying their rent to Trump Properties…. Can’t wait… That will then light the bulb for Apartment renters to bail out…My bet that starts in Philly or Baltimore with elected loser support…the bounty is endless

    Like

  47. doofusdawg says:

    Cheesecake Factory will not find enough employees to operate any restaurants over the next four months. They can’t compete with the government paying them over $20.00 per hour to stay home. This is going to destroy the entire food and hospitality industry and will cause many businesses to not even attempt to open before August. The snowball of defaults getting ready to happen throughout the economy will make 2008 look like the renaissance. Buckle up.

    Liked by 4 people

    • Bolivar says:

      More common sense. You would think some of these things might have been foreseen by the brilliant strategist. All this to fight a common flu virus which has statistics far less harmful than most of the seasonal viruses of the last 50 years, which we endured just fine without this insane shutdown. When you use a sledgehammer to fix a Rolex you might be disappointed with the result.

      Like

  48. james wolffe says:

    Most expensive chain restaurant in the business, and they’re welshing on their obligations. I don’t know their politics, but after only two weeks, this shows mismanagement. Bigly.

    Like

    • Bolivar says:

      It actually shows prudent management. No competent manager pays for an asset that has been taken from them by the government.

      Like

  49. TreeClimber says:

    We got all our bills paid for March. But the other day, we applied for a deferral for our car loan for April. We should be able to pay everything else. Y’see, there was a confirmed case at the Boeing site where my husband works. They had to send everyone home and confer with the Big Bosses. Everyone lost a day of work. Slightly over $400. Our car payment is $480. Ergo… we’re not going to be able to make the car payment this month. And that pie-in-the-sky $3000 we’ve been hearing so much about… haven’t seen a penny of it. No idea what’s going on there. Seems to be a fantasy, at this point.

    A corporation, yeah, they should be able to take the hit for a month. But a little grace extended to individuals would be appreciated.

    Like

  50. Deborah @UnTamedInSD says:

    Two words : Fundamental Transformation
    The Communist Democrat Party’s wet dream since FDR.

    I can hardly wait to watch in real time the Trump Hammer on this one..
    you know its coming. MAGA winning…. still not tired of winning

    Liked by 4 people

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