Minneapolis Businesses On VERGE OF COLLAPSE As Democrats Face ECONOMIC CRISIS After Liberal Boycott!
Quick Read
Summary
Takeaways
- ❖Minneapolis businesses are losing $10-20 million weekly due to fallout from Operation Metro Surge and subsequent boycotts.
- ❖Small businesses collectively lost over $80 million in January, with restaurants like Jade Dynasty seeing revenue drop from $25,000 to $8,000 on typical busy nights.
- ❖The host asserts that the economic damage is 'self-inflicted' by 'leftist' boycotts and general strikes protesting ICE, not by ICE operations themselves.
- ❖Lost wages for residents total $47 million, with an additional $16 million needed for rent assistance and $5 million in hotel cancellations.
- ❖The city is seeking state and federal assistance, but the host vehemently opposes a federal bailout, advocating for Minneapolis to 'suffer the consequences' of its political choices.
Insights
1Minneapolis Economic Fallout from Operation Metro Surge and Boycotts
City officials estimate Minneapolis businesses are losing $10-20 million every week due to reduced foot traffic, office workers staying home, and suburban diners avoiding downtown. Small businesses collectively lost over $80 million in January alone. This includes $47 million in lost wages, $16 million in needed rent assistance, and $5 million in hotel cancellations.
City officials estimate businesses losing $10-20 million every week (). Small businesses have collectively lost more than $80 million (). $47 million in lost wages, $16 million in additional rent assistance, $4.7 million lost from hotel cancellations ().
2Host's Attribution of Economic Crisis to 'Leftist' Boycotts
The host argues that the economic crisis is not due to the ICE operation itself, but a 'major economic backfire' caused by 'leftists' deciding to 'economically boycott the city,' 'not engage in commerce, not go to work, not buy stuff.' They claim businesses closed in protest and 'illegals' weren't going to work, leading to 'self-inflicted economic damage.'
Host states 'leftists decided it would be a good idea to economically boycott the city' () and that 'businesses closed down in protest of ICE' (). 'Self-inflicted economic damage that now is costing the city hundreds of millions of dollars' ().
3Impact on Specific Businesses and Industries
Restaurants like Ido faced 'one-star review bombing' and 'bot calls' after being labeled 'anti-ICE.' Jade Dynasty restaurant saw its typical Friday night revenue plummet from $25,000 to $8,000. Many Somali businesses in a mall strip called Caramel are on the verge of closing due to slow business. The Uptown Association reported foot traffic drops of 25% to 80% for its members.
Ido restaurant hit with one-star review bombing (). Dozens of Somali businesses on verge of closing (). Jade Dynasty owner Paul Woo's revenue dropped from $25,000 to $8,000 (). Uptown Association members' foot traffic dropped from 25% to 80% ().
4City's Response and Host's Opposition to Federal Bailout
Minneapolis Mayor Jacob Frey acknowledged that 'there is not free money right now' and that every dollar spent has an impact on property taxes or city services. The city is working on budget packages to send to the state and federal government for assistance. The host vehemently opposes any federal bailout, arguing that the Trump administration should 'tell them to kick rocks' and make Minneapolis 'suffer' for its actions and alleged past waste, fraud, and abuse related to the Somali community and daycare scandal.
Mayor Fry states 'there is not free money right now' (). City plans to send budget packages to state and feds for assistance (). Host states 'Trump administration should tell them to kick rocks' and 'They better not give Minneapolis any money. Make them suffer' ().
Lessons
- Evaluate the potential economic repercussions of local political protests and boycotts on businesses and residents before initiating such actions.
- Understand that local political decisions, especially those involving non-cooperation with federal agencies, can lead to significant financial liabilities for a city.
- Consider the long-term impact of business closures and reduced foot traffic on urban recovery and the time it takes to fill empty commercial spaces.
- Recognize that calls for federal or state financial assistance following self-inflicted economic damage may face strong political opposition.
Quotes
"Everybody was dreaming to open business this mall, but not anymore. It's very slow. We not making any money. If this problem is continuous, I don't think we can have our businesses."
"Leftists are the ones that insisted that they hurt themselves, right? That they economically black out the city in order to fight ICE."
"This specific method, it's not going to hurt ICE agents. It's not going to hurt President Trump or Christine."
"If they keep doing such things, I don't know how much longer we restaurant people can survive."
"There is not free money right now. Every dollar that is spent has an impact. There's no magic pot that we can tap that does not have an impact on property taxes or other essential city services."
"The Trump administration should tell them to kick rocks. I hope the feds tell them to kick rocks. They better not give Minneapolis any money. Make them suffer."
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