Trump`s restaurant recovery plan is built on fast food, as independent restaurants struggle to survive


Trump`s restaurant recovery plan is built on fast food, as independent restaurants struggle to survive



President Trump — a noted fast-food fan — is creating an economic recovery plan that puts the country`s chains front and center. 

This week, Trump announced the formation of the "Great American Economic Revival Industry Group" for the restaurant industry. The group is one of a number of industry representatives organized to advise the White House on reopening the US during the coronavirus pandemic. 

The council is made up of men who founded or lead organizations including:..

Analysis

  • Trump`s group of restaurant industry advisors is primarily comprised of chains` CEOs, along with a smattering of restaurateurs with fine dining empires and industry group leaders.

  • The restaurant industry successfully lobbied for a loophole that allows chains to apply for small-business loans, with Shake Shack, Ruth`s Chris, and Potbelly receiving a combined $40 million in PPP loans.

  • The lack of independent restaurant representation is especially disturbing in light of the fact that experts say smaller, independent restaurants will have the hardest time surviving the coronavirus pandemic.
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RSK: Not good people...if you have a favorite non chain restaurant or two you want to survive...please get some take out and/or buy gift cards from them because if you do not, many will not be around after this and a large group of employees unemployed!

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- - Volume: 8 - WEEK: 17 Date: 4/21/2020 7:36:39 AM -