People keep saying this, and it's true: the current economic situation in Minneapolis and Saint Paul (and probably into the suburbs and I don't know how far/how much into Minnesota more broadly) is worse than it was during covid, because there is no government support coming. No child tax credit, no PPP, no nothing.
Millions of dollars of unpaid rent is looming already, and that will continue for the next several months at least. How long? That depends on the duration of the DHS goons' invasion, when (if?) our neighbors dare to come out of hiding, and how many businesses never recover to begin making payroll again.
Other people who are not directly affected economically — meaning they don't have to be in hiding — have been putting money into funds to help out neighbors, emptying their savings accounts and using credit cards. So they won't have much money to spend to help businesses recover.
This economic side of things will have months or maybe longer of downstream effects. The state's population will be set back, possibly indefinitely. (That was posited by the Star Tribune's business columnist, Evan Ramstad.)
And this is all at the same time that the Trump regime has cut federal funding for programs all states rely on, plus punitive measures against blue states. Minnesota taxpayers send more money to Washington that we get back, and the imbalance during Trump 2 is going to be so much farther out of wack … unless you count the money DHS spent invading, kidnapping, and killing us.
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